Encana’s Board Finds No Collusion

Encana’s Board Finds No Collusion by Nathalie Tadena, September 5, 2012, Wall Street Journal
Encana Corp.’s board has concluded that the natural-gas producer didn’t collude with competitors on land leases in Michigan in 2010, after completing an investigation into the allegations. In June, Encana authorized Chairman David O’Brien to oversee the investigation. External legal counsels were retained in the U.S. and Canada to assist in the investigation, which was conducted independent of company management. … The Canadian company, which is based in Alberta, also said it received a subpoena from the antitrust division of the U.S. Department of Justice and a civil investigatory demand from the Michigan Attorney General. Encana said it will continue to fully cooperate with the agencies’ investigations.

[Refer also to: EnCana faces California gas price-fixing trial ]

This entry was posted in Case Related, Global Frac News. Bookmark the permalink.