Cabot settles fracking lawsuit with Pa. families
Friday, October 6, 2017
Cabot Oil & Gas Corp. recently settled a lawsuit with two families in Dimock, Pennsylvania, who claimed their drinking water became contaminated with methane shortly after the company began drilling for natural gas in 2007, according to U.S. News & World Report.
The Ely and Hulbert families were initially awarded $4.2 million in damages in a federal jury trial in Scranton last year; however, Magistrate Judge Martin Carlson tossed the verdict and ordered parties to begin settlement talks.
Judge Carson approved the new settlement on Sept. 21. The terms of the current settlement have not been made public, but the plaintiffs are relieved to have it behind them.
Learn more: U.S. News & World Report > Cabot Oil & Gas Settles Fracking Lawsuit with Pennsylvania Families
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.