Lawsuit filed against Chesapeake in Marcellus
Tuesday, December 8, 2015
The Patriot-News reports that Chesapeake Energy and its affiliate companies have been accused of improperly reducing royalty payments in Bradford County, Pennsylvania’s Marcellus shale.
The couple who filed the lawsuit look for it to become a class action lawsuit, which would include more than 2,000 other landowners who have had their royalty payments wrongly reduced. The lawsuit asks for full reimbursement of costs that were deducted before royalties were paid.
The newspaper reports that the couple filing the lawsuit want the judge to issue an injunction, which would ban “willful wrongdoing,” which is what they say Chesapeake is doing.
Via: The Patriot-News > Natural gas driller accused of wrongly reducing royalty payments
Related: Class action lawsuit filed against Chesapeake subsidiary in Columbiana County
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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.