Post by pavel on Jan 17, 2016 3:31:12 GMT -6
FORT WORTH -- Chesapeake Energy is quietly settling lawsuits from large landowners, businesses and government institutions that accuse the Oklahoma City energy giant of miscalculating millions of dollars in royalty payments from gas wells on their property.
On Tuesday, the Fort Worth School District was the latest to reach an out-of-court settlement, though the exact amount that taxpayers will receive has not been released. Fort Worth attorney Ralph Duggins, who represented the school district in the negotiations, declined to disclose any details, including the amount.
A review of court records indicates that Chesapeake’s attorneys also have resolved, in one way or another, 13 other lawsuits from companies, private foundations and large landowners in Tarrant, Dallas and Johnson counties since June. One attorney referred to them as “high value” cases.
Among the remaining cases are lawsuits filed by the city of Fort Worth, the Fort Worth Housing Finance Corp. and Union Pacific Railroad. In a court pleading filed in August, for example, the city accused Chesapeake of cheating it out of more than $33.5 million in royalty payments.
Read more here: www.star-telegram.com/news/business/article54943225.html
On Tuesday, the Fort Worth School District was the latest to reach an out-of-court settlement, though the exact amount that taxpayers will receive has not been released. Fort Worth attorney Ralph Duggins, who represented the school district in the negotiations, declined to disclose any details, including the amount.
A review of court records indicates that Chesapeake’s attorneys also have resolved, in one way or another, 13 other lawsuits from companies, private foundations and large landowners in Tarrant, Dallas and Johnson counties since June. One attorney referred to them as “high value” cases.
Among the remaining cases are lawsuits filed by the city of Fort Worth, the Fort Worth Housing Finance Corp. and Union Pacific Railroad. In a court pleading filed in August, for example, the city accused Chesapeake of cheating it out of more than $33.5 million in royalty payments.
Read more here: www.star-telegram.com/news/business/article54943225.html