Seven More Barnett Royalty Owner Lawsuits Filed Against Chesapeake

Views: 731

Reply to This

Replies to This Discussion

sir, great post, thanks.

Makes perfect sense that the lawyers would get-in on the oil boom.

Chesapeake Energy to spin off oilfield services:
http://www.marketwatch.com/story/chesapeake-energy-to-spin-off-oilf...

DJ, I usually would agree, but if the lawsuits are what I think they are (I haven't checked them yet) they are WELL DESERVED.

Cooking the books. I'd like to see the investors follow suit. 

Quote from WallStreetJournal:
"Chesapeake deducted about 37% from Mrs. Moon’s most recent check for expenses such as the cost of shipping the gas to a big interstate pipeline and for processing the fuel. Those deductions cut her royalty payment for one well to $1,372 from $2,207. The well’s other owners, Anadarko and Mitsui, each deducted 18% from their share of the royalty payment, their checks to her show, while Statoil didn’t take any deductions or fees."
http://marcellusdrilling.com/2014/03/chesapeake-shafting-landowners

Quote: "Chesapeake Energy royalty practices are ‘egregious’"

3 minute audio:
http://witf.vo.llnwd.net/o35/StateImpact/03mcCHKcomplaints.mp3

RSS

Support GoHaynesvilleShale.com

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service