Chesapeake saga

Thanks a bunch Henry! I really knew about Cheating Chesp! We had the problem way back & when challenged ( no atty) they reimbursed us in 2010 & quit taking those charges out. Then in April 2018 kazaam the charges began to appear again! Now, you’re right they ignore me! Shouldn’t there be a class action law suit or something to stop this if it’s widespread?

Views: 380

▶ Reply to This

Replies to This Discussion


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 17, 2019 at 9:14

No court has been willing to certify a "class" for "lessors".  The problem is that there are no, to this point, groups that are "exactly" identical as to their lease forms, lease language, etc. that are sufficiently numerous to make a class.  Yes, they all have the same issue, post production deductions, in one form or another.  Mineral lessors can bring suit individually or as a group, just not as a class.  Case law gives cover to operators regarding litigation by lessors but oddly, and thankfully, not un-leased mineral owners force pooled in drilling units.  There are two class actions on the docket for those suits now.


landownerPermalink Reply by Steve P on October 17, 2019 at 14:54

A few years ago there was a TX law firm that was hustling land/royalty owners wanting to sue CHK in NW Louisiana.  I assume nothing ever happened on that.

Royalty owners seem to be having a little more success in suing operators in Ohio, from the little reading I do.  If I recall, CHK got their rumps kicked in TX by the Bass brothers and others, including the operators of DFW a number of years ago.  Someone has already mentioned that if one wants to take on CHK or the others, better have deep pockets for legal expenses.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 17, 2019 at 15:00

RSS

© 2026   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service