After years of protracted lawsuits, the Ohio Supreme Court heard oral arguments on Tuesday in a case that could release hundreds of landowners from undeveloped oil and natural gas lease agreements and cast doubt on similarly worded leases that have been used for decades in the state.
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Oil, Gas Industry Wins Key Lease Dispute Case In Ohio
Ohio’s Seventh District Court of Appeals has reversed a key decision by a lower court and ruled in favor of a small oil and gas company in a class action case that affected hundreds of angry landowners and threatened the industry’s ability to protect the terms of its leases.
October 2, 2014