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Monday, January 29, 2018

Pennsylvania AG Not Giving in to Pressure from Chesapeake Energy Over Underpaid Royalties

From the Pittsburgh Post-Gazette:
Pennsylvania Attorney General Josh Shapiro is pushing back against pressure to resolve the state’s case alleging unfair treatment of thousands of landowners by natural gas drilling companies. 
Chesapeake Energy Corp. recently reached a $30 million settlement agreement with Pennsylvania landowners in separate, private class-action cases based on allegations of improper or inflated deductions from gas royalty payments. 
But attorneys for the Oklahoma-based company told a federal judge in late December that the company reserves the right to pull out of those proposed settlements — covering all 14,000 of its Pennsylvania gas-producing leases — if it can’t resolve the attorney general’s case as well. 
In an editorial and a letter to the judge, Mr. Shapiro and a senior attorney in the office have called the company’s position a pressure tactic.
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