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Aubrey McClendon’s car was traveling 78 miles per hour when it crashed, killing him on March 2, the Oklahoma City police said Monday. The shale oil pioneer’s 2013 Chevy Tahoe hit a wall and burst into flames on the two-lane road close to the city.
McClendon tapped on the brakes many times, but didn’t act to slow the automobile in the last 31 feet before the disaster happened, law enforcement said. Police said they’re continuing to research. The medical examiner has stated McClendon died from multiple blunt force trauma. A toxicology report continues to be likely to be released.
The day before the crash, a federal grand jury charged McClendon regarding the a scheme between two “large oil and gas companies” to avoid bidding against each other for leases in northwest Oklahoma from December 2007 to March 2012. Inside a statement hours after the indictment was announced, McClendon called the charge “wrong and unprecedented.”
McClendon, 56, co-founded Chesapeake Energy Corp., expanding it from modest beginnings into the second-largest U.S. natural gas producer, because of his championing of hydraulic fracturing and horizontal drilling at a time when larger, competent players were skeptical of shale’s potential. At its height in June 2008, Chesapeake was worth US$37.5 billion.
Tumbling gas prices from an oversupply of the heating and power plant fuel ultimately resulted in McClendon’s ouster from Chesapeake in 2013, after the company’s value fell by more than half. He then formed American Energy Partners LP, and raised a lot more than US$10 billion for acquisitions.
