Former Chesapeake Energy CEO Aubrey McClendon died March 2 when the car he was driving hit a bridge beam, according to Oklahoma City police and local media reports. His death comes a day after he was indicted on federal charges for allegedly conspiring to rig bids for the purchase of oil and natural gas leases. He was 56.
Capt. Paco Balderrama of the Oklahoma City Police Department told local NBC affiliate KFOR that McClendon crashed into an embankment while traveling at a “high rate of speed.” Balderrama said McClendon died instantly and that his 2013 Chevy Tahoe was then engulfed in flames.
Police say only one car was involved and McClendon was the only occupant of the vehicle. It will take up to two weeks to investigate the incident, police added.
American Energy Partners, the company McClendon founded after resigning from Chesapeake in 2013, released the following statement: “Aubrey’s tremendous leadership, vision and passion for the energy industry had an impact on the community, the country and the world. We are tremendously proud of his legacy and will continue to work hard to live up to the unmatched standards he set for excellence and integrity.”
McClendon’s former company Chesapeake Energy released a statement that said it is “deeply saddened by the news” and its “thoughts and prayers are with the McClendon family during this difficult time.”