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Chesapeake, Encana near settlements on Michigan collusion probe Published: February 26, 2014

Chesapeake Energy Corp. and Encana Corp. are negotiating civil settlements with the state of Michigan to try to end its criminal investigation into whether the energy companies colluded to keep oil and gas lease prices artificially low in the state, Reuters reports.

Encana and Chesapeake have been the subject of state and U.S. Department of Justice antitrust probes since 2012, when Reuters published an investigation showing the companies' executives exchanged emails to discuss how they could cooperate to suppress lease prices in the state.

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