The nation's number two natural gas driller is facing a Justice Department investigation for colluding with Encana Corporation, allegedly communicating to fix prices on land in Michigan back in 2010.
Kerr-McGee, a subsidiary of the giant oil and gas company Anadarko, is being sued for $25 billion in New York City. The company's long history and pedigree resemble a script from the old and recently resurrected TV series "Dallas."
The nation's second largest natural gas company, Chesapeake Energy, has seen its stock plummet almost 40 percent this year. And this week it's been borrowing billions of dollars at high interest rates just to make ends meet.