Post by pavel on Apr 11, 2016 18:35:25 GMT -6
FORT WORTH - The Fort Worth school district settled its lawsuit with Chesapeake Energy over natural gas royalties for $1 million, according to documents released Monday after the Texas attorney general decided that the information is public.
The attorney general’s office ordered the district to release details of the out-of-court settlement despite efforts by Chesapeake to keep it private through a confidentiality agreement signed by both parties in December. The Star-Telegram, along with the city of Fort Worth, sought to have the settlement agreement, approved by the Fort Worth school board in January, released under the Texas Open Information Act.
The school district accused the Oklahoma energy giant of using sham deals and outright fraud to subtract post-production costs from its natural gas royalty payments.
The attorney general’s opinion was issued Friday, and the school district released the two-page settlement document — a more formal agreement is supposed to be written later — on Monday after the Star-Telegram requested the details.
Read more here: www.star-telegram.com/news/local/article71175887.html
The attorney general’s office ordered the district to release details of the out-of-court settlement despite efforts by Chesapeake to keep it private through a confidentiality agreement signed by both parties in December. The Star-Telegram, along with the city of Fort Worth, sought to have the settlement agreement, approved by the Fort Worth school board in January, released under the Texas Open Information Act.
The school district accused the Oklahoma energy giant of using sham deals and outright fraud to subtract post-production costs from its natural gas royalty payments.
The attorney general’s opinion was issued Friday, and the school district released the two-page settlement document — a more formal agreement is supposed to be written later — on Monday after the Star-Telegram requested the details.
Read more here: www.star-telegram.com/news/local/article71175887.html