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Permalink Reply by Skip Peel - Mineral Consultant on December 5, 2023 at 11:47

M-U refers to Marcellus-Utica shale regions.

Articles like this trip my trigger.

I worked for months on the litigation research for the suit against Chesapeake brought by unleased mineral owners.  The law was clear and Chesapeake had cheated  thousands of small acreage unleased mineral owners by taking illegal post production deductions. Many of those unleased minerals owners were never offered a lease. The damages amounted to some undetermined tens of millions of dollars.  As is often the case, the bankruptcy court took care of the interests of the major stockholders and lenders and the rest of the unsecured creditors were left with little or nothing.  Yes, "Chesapeake Energy is a stellar turnaround story" because the court took care of them and in the process screwed many including the Louisiana unleased mineral owners.

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