Share 'Royalty Payments with E&P Bankruptcy (Ohio Law)'
The prospect of bankruptcy looms for many Ohio Utica E&P's if Oil & NG wellhead prices endure at the current low price levels. Some defaults could occur sooner rather than later.
Rumors abound that royalties on producing Ohio wells become embroiled in the bankruptcy proceedings as a preferential creditor item. Translated, royalties currently flowing to landowners theoretically fl…
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