US shale pioneer McClendon dies in car crash
Oklahoma
AUBREY McClendon, the one-time billionaire wildcatter whose meteoric rise and swift fall traced the arc of the shale revolution, died in a car crash in Oklahoma City on Wednesday morning.
His death came less than a day after he was charged with rigging bids for oil and natural gas leases.
McClendon, who was 56, drove his 2013 Chevrolet Tahoe "at a high rate of speed" and slammed into a bridge embankment in the north-east of the city, Paco Balderrama of the Oklahoma City Police Department said at a press conference.
The car burst into flames before responders could pull McClendon's body from the vehicle, he said.
"He pretty much drove straight into the wall," Mr Balderrama said, according to KFOR News Channel 4 in Oklahoma City. "The information out there at the scene is that he went left of centre, went through a grassy area right before colliding into the embankment. There was plenty of opportu…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?
Oil futures fall as fears of a wider Middle East war fade
Malaysia’s Sapura Energy to sell stake in SapuraOMV to TotalEnergies for US$705 million
Saudi Aramco in talks to buy 10% of China’s Hengli Petrochemical