Reuters: Chesapeake trying to close deal on $2.4B acquisition of Chief Oil & Gas
Monday, January 24, 2022
Last week Reuters reported Chesapeake Energy Corp. is in advanced talks to acquire Chief Oil & Gas for around $2.4 billion.
Although negotiation could still fall apart, the acquisition would be the second Chesapeake has made since emerging from bankruptcy in February 2021.
A deal for Chief Oil & Gas could be announced as soon as this week, according to Reuters’ sources.
Learn more: Reuters > Exclusive: Chesapeake Energy nears $2.4 bln deal to buy Chief Oil & Gas -sources
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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.