Oklahoma City -
Oklahoma City-based Chesapeake Energy confirmed Thursday that the company and its chairman and CEO Aubrey McClendon have been notified of an informal inquiry.
It comes after reports surfaced that McClendon took out more than one billion dollars in loans to pay for his stake in the company's wells. Some of the loans came from a group planning to buy Chesapeake assets.
In a press release Thursday, Chesapeake said the company and McClendon have been asked to retain certain documents.
"The SEC noted in its request, which was received yesterday (Wednesday), that its inquiry should not be construed as an indication that any violation of the federal securities laws has occurred," the company said in a press release on its website.
"The company and Mr. McClendon intend to cooperate with the SEC in responding to its inquiry," they added.
McClendon announced this week he would give up his chairman post, but would remain the company's CEO.
