Encana CEO Doug Suttles

Encana pleaded no contest on Monday to charges the company attempted to commit antitrust violations in Michigan in 2010.

The company agreed to pay a $5 million civil fine at a court hearing.

After Encana agreed to pay the fine, Michigan’s Attorney General dismissed a second criminal charge of antitrust violations against the company.

Michigan alleged that Encana and Chesapeake Energy conspired to keep oil and gas land lease prices artificially low during a 2010 leasing boom.

Encana’s plea of no contest followed internal investigations conducted by both companies.

The companies say the investigations showed no collusion was apparent in the sate of Michigan.


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