Jury awards Susquehanna County residents in contaminated drinking water case
Sunday, March 13, 2016
In Nov. 2009, 44 landowners in Susquehanna County, Pennsylvania, sued Cabot Oil & Gas Corp. for allegedly contaminating their water wells. 34 of those plaintiffs settled. The final plaintiffs were just awarded a combined $4.24 million.
Pittsburgh Post-Gazette PowerSource reports that one family of five was awarded $2.75 million and a family of three was awarded $1.49 million.
According to the source, Cabot maintains that the contamination was not a result of its operations.
Read more: Pittsburgh Post-Gazette PowerSource > Jury awards last Dimock plaintiffs $4.2 million over water well contamination
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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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.
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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.