The premier
fee-based mineral listing service.
Get your free evaluation
.png)
Oil and gas investor settles with Chesapeake-based natural gas company
Edward Bass, an oil and gas investor from Texas, and Barnett Shale mineral rights owners settled with Chesapeake Operating, Inc., a natural gas production company.Almost 4,000 acres in Tarrant County and Johnson County are owned by Bass and the other landowners. Chesapeake has been handling some of those properties since 2007. The lawsuit was based on alleged underpaying of gas and oil royalties and a breaching of contract with the owners.In the lawsuit filed in 2013, Chesapeake Operating Inc. allegedly violated the agreement to sell, from one company to another, natural gas production. The company also allegedly made wrong deductions from royalty payments to hide expenses for production.Daniel Charest, who represents the landowner plaintiffs, said, “We’re very pleased that this matter has been resolved… We believe the evidence was compelling on behalf of the property owners".If you are a mineral rights owner and aim to settle your property or sell your rights, consult with our team of mineral rights brokers at [firm-name]. Call (512) 698-2802 for a more in-depth discussion.
Want More Information About Mineral Rights Ownership and Sales?
Check Out Our Mineral Rights Education
On our Education Hub, you can find a wide variety of guides and recommendations related to mineral rights ownership, selling mineral rights, protecting surface rights, and more. Our team has collected expertise on the top questions related to oil and gas mineral rights, and you can find articles exploring a wide range of topics.
If you want to learn more about mineral rights, to the right, you can access our topics of interest or explore all of our guides at once. If you have any questions that aren’t answered on our site, or you want to get advice from a mineral rights expert, don’t hesitate to contact us using our form below.
