It is my understanding that Chesapeake is not paying royalty payments this month for most of Bradford and Sullivan Counties. No statements, company line, costs were greater than production, landowner owes us money.
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Chesapeake did not renew lease on 140 acres in Jefferson County Ohio. Chesapeake can pay nobody because of their financial situation. Also, they are being sued in PA and OH for non payment of royalties in class action suits. Everybody will probably end up suing them until they are forced into bankruptcy and maybe even go out of business.
yea,their CEO is socking away all the millions in his bank account while the company is so far in debt it may not be able to tread water much longer. They don't need to talk about Aubrey McClendon!
My understanding that this bill will be voted on "to come out of committee" and go to the floor next week. Call committee members and representatives supporting the issue.
Here's the phone numbers and some email addresses of the Pa House of Representative committee members that will vote on HB1391 on Monday, 27 June 16, to get it out of committee. Call or email them, we need all the support we can.
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