Landowner

Screwing Royalty Owners Means Chesapeake is Stealing Cash

http://www.forbes.com/sites/christopherhelman/2014/03/17/screwing-r...
Here's a good article with a summary of Chesapeake's history of underpaying royalties which applies to everywhere they operate.

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LandownerPermalink Reply by Todd on April 13, 2014 at 12:48pm
Many, if not most folks, that now have CHK is through an assignment of their lease. Such as the entire northern panhandle of WV. I signed with Fortuna in 2007, then it was assigned to Range 6 months later then Chesapeake bought it in 2011 and drilled to HBP me in 2012. No pipeline in place yet - probably a good thing. Maybe it'll be sold (unlikely) or CHK will be forced to play more fairly by the time production begins.

LandownerPermalink Reply by David Mohn on April 13, 2014 at 1:03pm

That's how they were in Stark County Ohio back in 2010.  I even tried calling other companies that were in the Marcellus and no one wanted to talk to me.  CHK bought all the HBP deep rights and those of us there were not HBP had only CHK to deal with. 


LandownerPermalink Reply by cj wyalusing on April 13, 2014 at 1:19pm

I figure there screwing by 2,000.00 per month @12months=$24,000.00 a yearx30 =$720,000.00 I think ill sue.


LandownerPermalink Reply by Todd on April 13, 2014 at 4:00pm
Are you located in NE PA, cj?
Is there a class action vs CHK in PA yet that everyone can sign onto that's being underpaid their royalties?

LandownerPermalink Reply by cj wyalusing on April 13, 2014 at 4:36pm

Theres a few that I no of and  yes I am in pa  ne . I am holding to see what hb 1684 is going to do  are you in pa  ne?


LandownerPermalink Reply by Todd on April 13, 2014 at 5:13pm
CJ,

I'm in northern WV with CHK and rooting for you guys in PA. I'm a member of the Bradford County forum and remembered seeing you post there. I gave you guys some ammunition a while back to try to help.

Todd

LandownerPermalink Reply by cj wyalusing on April 15, 2014 at 2:11am

Our there any class  actions against them down ther? My father law has some leases in wv there real old ones ill have to find out wat county there in any info would be appreciated thanks cj.

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