Chesapeake Energy accused of cheating landowners out of royalties
Saturday, January 3, 2015
Chesapeake Energy has made StateImpact Pennsylvania’s 2014 list of top stories, and that isn’t a good thing.
Interviews with several residents of Bradford County, Pennsylvania, explain how Chesapeake has issued “gathering” fees on royalty payments, resulting in landowners’ receiving monthly royalty payments that are a fraction of what they should receive.
Other problems have been recognized in the Marcellus Shale. Another set of interviews reveals the problems that Lycoming County residents have had with security guards near Marcellus Shale wells. The residents have been stopped and questioned by security guards when they drove by the well locations. Even though the roads are on public land, the security guards can still dictate when residents can drive on them and when they cannot.
Watch the videos here.
Via: StateImpact Pennsylvania > 2014 Countdown: Chesapeake Energy royalties & gas company controls public roads
One Comment
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.
Last month our miserably small dividend from Enervest suddenly tripled (still paltry). I wonder if the Chesapeake law-suite inspired them to do something differently???
.