Prosecutors drop charges against McClendon after death
Wednesday, March 9, 2016
After ex-Chesapeake CEO Aubrey McClendon died in a car accident March 2, prosecutors have decided to drop charges, USA Today reports.
The U.S. Justice Department asked for the charges to be dismissed March 3.
McClendon was indicted by the U.S. Justice Department March 1 for conspiring to suppress prices paid for oil and gas leases. He denied the charges that same day.
Read more: USA Today > Prosecutors seek dismissal of Aubrey McClendon indictment
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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.