Columbiana County landowners lose lease appeal
Tuesday, April 7, 2015
Four landowners who challenged Chesapeake Appalachia over extension clauses in their leases have lost, WFMJ reports.
The background to the lawsuits dates to 2007, when the landowners leased their mineral rights. The mineral rights were acquired by Range Resources, which then assigned all of its leases in Columbiana County to Chesapeake and Statoil in 2011.
The landowners each received letters when their five year primary terms were about to end, and that Chesapeake was exercising its right to extend the primary term of the leases by five years. The landowners filed suit in 2013.
In April 2014, the Columbiana County Common Pleas Court ruled in favor of Chesapeake. The landowners challenged this ruling, but lost when the Seventh District Court of Appeals ruled in favor of Chesapeake.
Via: WFMJ > Court denies Columbiana County gas and oil lease appeal
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.