Oil and Gas Law | Law Firm Newswire - Part 4

Austin, TX (Law Firm Newswire) October 2, 2012 – Chesapeake Energy, the Oklahoma City-based oil and gas producer, has apparently begun reinterpreting contracts with thousands of royalty owners, passing certain costs on to them, even when many lessors believe their leases contain no-cost clauses. Chesapeake claims that other contract provisions allow the company to deduct costs from royalty payments. At least a dozen lawsuits have been filed against the driller by royalty owners. “It largely comes down to the language of the initial lease,” says Gregory D. Jordan, an Austin oil and gas attorney. “Royalty provisions in leases can be […]

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