BUSINESS
04/26/2012 10:29 am ET Updated Jun 26, 2012

SEC Launches Inquiry Into Chesapeake Energy's Well Participation Program

April 26 (Reuters) - The U.S. Securities and Exchange Commission has opened an informal inquiry into Chesapeake Energy Corp's well participation program with Chief Executive Officer Aubrey McClendon, a source familiar with the matter said on Thursday.

The SEC inquiry is being led by its Fort Worth, Texas, regional office, the source said. The inquiry comes after Reuters exclusively reported about loans McClendon had obtained to participate in a co-investment deal with Chesapeake.

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