Former Chesapeake CEO Aubrey McClendon has died in a car accident a day after being indicted for conspiracy

Before you go, we thought you'd like these...

Ex-Chesapeake CEO Dies in Fiery Crash One Day After Conspiracy Charges

Former Chesapeake Energy CEO Aubrey McClendon has died in a single car accident.

The accident took place around 9:00 o'clock in the morning, and according to officials the car was going very fast.

"Speed was definitely a factor in the fatality," Oklahoma City officials said in a press conference. "He pretty much drove straight into the wall."

On Tuesday McClendon was indicted with conspiracy to rig bids for oil and natural gas leases. Allegedly he and other companies colluded to figure out who would win the bids.

9 PHOTOS
Aubrey McClendon
See Gallery
Former Chesapeake CEO Aubrey McClendon has died in a car accident a day after being indicted for conspiracy
FILE - In a Sept. 8, 2009, file photo, Chesapeake Energy Corp. CEO Aubrey McClendon speaks during the opening of a compressed natural gas filling station in Oklahoma City. Oklahoma City police say McClendon, a natural gas industry titan who was indicted on Tuesday, March 1, 2016, by a federal grand jury for allegedly conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma, was killed Wednesday in a fiery single-car crash in Oklahoma City. A part-owner of the NBA's Oklahoma City Thunder, McClendon stepped down in 2013 at Chesapeake and founded American Energy Partners, where he was chairman and CEO. (AP Photo/File)
*FILE** Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, in this Nov. 8, 2005 file photo. Associated Press reporters and editors have surveyed proxy statements for most of the S&P 500 companies to provide a full picture of executives' compensation - including stock options, bonuses and perks such as country club memberships. (AP Photo, file)
Seattle SuperSonics owner Clayton Bennett, right, stands with Oklahoma City businessman Aubrey McClendon, left, during the first quarter of an NBA basketball game between the Sonics and the New Orleans Hornets in Oklahoma City on Wednesday, April 4, 2007. (AP Photo/Sue Ogrocki)
DUBLIN, OH - MAY 30: Jack Nicklaus (R) stands with Aubrey McClendon of Chesapeake Energy Corporation during the Morgan Stanley Pro-Am Invitational at The Memorial Tournament May 30, 2007 in Dublin, Ohio. (Photo by Hunter Martin/Getty Images)
Chesapeake Energy Corp. CEO Aubrey McClendon speaks during the opening of a compressed natural gas filling station in Oklahoma City, Tuesday, Sept. 8, 2009. (AP Photo)
FILE - In this Feb. 19, 2012, file photo, Aubrey McClendon, left, CEO and chairman of the board of Chesapeake Energy Corp. and Clay Bennett, right, chairman of the ownership group of the Oklahoma City Thunder, watch during an NBA basketball game against the Denver Nuggets in Oklahoma City. McClendon, also a part owner of the NBA's Oklahoma City Thunder, was killed in a fiery single-vehicle crash in Oklahoma City on Wednesday, March 2, 2016, a day after he was indicted on a charge of conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma. (AP Photo/Sue Ogrocki, File)
OKLAHOMA CITY, OK - MAY 16: Oklahoma City Thunder majority owner Clay Bennett, right, and minority owner Aubrey McClendon cheer their team on against the Los Angeles Lakers in Game Two of the Western Conference Semifinals during the 2012 NBA Playoffs on May 16, 2012 at the Chesapeake Energy Arena in Oklahoma City, Oklahoma. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2012 NBAE (Photo by Layne Murdoch/NBAE via Getty Images)
In this Wednesday, June 6, 2012 photo, Aubrey McClendon, CEO of Chesapeake Energy Corp., is pictured during the second half of Game 6 in the NBA basketball Western Conference finals, in Oklahoma City. Chesapeake's annual meeting is scheduled for Friday, June 8, 2012. Reports about McClendon's personal business dealings sparked a drop in the company's shares in April and led to charges of insufficient oversight by the board of directors. (AP Photo/Sue Ogrocki)
OKLAHOMA CITY, OK - JUNE 6: Oklahoma City Thunder minority owner Aubrey McClendon celebrates following his team's victory against the San Antonio Spurs in Game Six of the Western Conference Finals during the 2012 NBA Playoffs on June 6, 2012 at the Chesapeake Energy Arena in Oklahoma City, Oklahoma. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2012 NBAE (Photo by Layne Murdoch/NBAE via Getty Images)
of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

More from Business Insider:
Marco Rubio did surprisingly well in a key state -- but nevertheless lost to Donald Trump
LIVE: Super Tuesday results!
POWER RANKINGS: Who has the best chance of becoming the next president

Read Full Story

People are Reading