cholas Sakelaris
Staff Writer- Dallas Business Journal
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Mineral owners in the Marcellus Shale in Bradford County, Pa., are suing Chesapeake Energy Corp., accusing the Oklahoma City-based driller of shorting them on royalty payments, NPR reports.
The suits accuse Chesapeake (NYSE: CHK) of deducting "post-production" costs from their royalty payments, which violates the terms of the lease. Attorneys for the landowners say the gas driller sells gas to a subsidiary.
"We certainly think it's a questionable arrangement," Scranton-area attorney Doug Clark told NPR. "We're not seeing that with other companies we're dealing with."
Chesapeake has faced similar lawsuits in the Barnett Shale in North Texas with Dallas/Fort Worth International Airport, the Bass family in Fort Worth and, most recently, the city of Arlington. For the complete article use this link ---> http://www.bizjournals.com/dallas/blog/morning_call/2013/08/chesape...
Staff Writer- Dallas Business Journal
Email | LinkedIn | Twitter | Google+
Mineral owners in the Marcellus Shale in Bradford County, Pa., are suing Chesapeake Energy Corp., accusing the Oklahoma City-based driller of shorting them on royalty payments, NPR reports.
The suits accuse Chesapeake (NYSE: CHK) of deducting "post-production" costs from their royalty payments, which violates the terms of the lease. Attorneys for the landowners say the gas driller sells gas to a subsidiary.
"We certainly think it's a questionable arrangement," Scranton-area attorney Doug Clark told NPR. "We're not seeing that with other companies we're dealing with."
Chesapeake has faced similar lawsuits in the Barnett Shale in North Texas with Dallas/Fort Worth International Airport, the Bass family in Fort Worth and, most recently, the city of Arlington. For the complete article use this link ---> http://www.bizjournals.com/dallas/blog/morning_call/2013/08/chesape...
