Pennsylvania agrees to settle royalties lawsuit with Chesapeake
Wednesday, March 10, 2021
Pennsylvania has reached a settlement with natural gas driller Chesapeake Energy Corp. over royalty payments to property owners, state Attorney General Josh Shapiro announced Monday, according to Independent Tribune.
The agreement calls for $5.3 million in restitution and improved royalty payments, according to Shapiro.
The lawsuit was filed against Chesapeake more than five years ago. Because Chesapeake filed for bankruptcy protection in Texas in June, the settlement will require a bankruptcy judge’s approval.
Learn more: Independent Tribune > Pennsylvania agrees to settle gas drilling royalties lawsuit
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What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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