Royalties

Pennsylvania Landowners Want Chesapeake Settlement Approved Before It’s Too Late

Fearing that the downturn in oil and natural gas prices has battered the finances of Chesapeake Energy Corp. and could eventually threaten an $18 million settlement with thousands of Pennsylvania landowners, two plaintiffs have filed a motion for court ordered mediation to approve the settlement swiftly.

March 2, 2016
Chesapeake Makes Hay in $128M Royalties Sale to PE-Backed Operator

Chesapeake Makes Hay in $128M Royalties Sale to PE-Backed Operator

Private equity-backed Haymaker Resources LP has agreed to pay Chesapeake Energy Corp. $128 million for a bundle of mineral and royalty interests in 24 states and 324 counties.

February 23, 2016

Chief Oil Leases Nearly 6,000 Acres in Marcellus from Pennsylvania Game Commission

The Pennsylvania Board of Game Commissioners has approved an agreement to lease 5,870 acres of land in the northeastern part of the state to Chief Oil & Gas LLC, netting the agency a bonus payment of more than $14.6 million plus royalties and other fees.

February 17, 2016

Interior Says Royalties on Federal Lands Down $3.5 Billion

The Interior Department said “substantially lower oil and gas prices” impacted royalties from energy production on federal and Indian lands and offshore areas in 2015, resulting in a decline of more than $3.5 billion to states, Indian tribes, the Treasury Department and others.

November 30, 2015
Unexpected NatGas Price Strength Shields Alberta From Oil Blow

Unexpected NatGas Price Strength Shields Alberta From Oil Blow

Natural gas showed unexpected strength and warded off the worst early effects of the blow that falling oil prices dealt to the government of Alberta — Canada’s chief producing jurisdiction.

February 26, 2015

Barnett Landowner Prevails in Royalty Lawsuit Against Chesapeake

Chesapeake Energy Corp. improperly deducted drilling expenses from Barnett Shale natural gas royalty payments and violated some terms of a lease agreement, a Texas appeals court has affirmed.

March 11, 2014

Pennsylvania Leaseholders Prepared to Take $7.5M for Royalties Dispute

Chesapeake Energy Corp. is awaiting approval by the courts of a proposed $7.5 million settlement to resolve claims that a unit improperly charged Pennsylvania leaseholders post-production fees, a spokesman said Tuesday.

September 4, 2013

New Mexico Supreme Court Upholds Producers on Tax

The New Mexico Supreme Court on Friday sided with a challenge from ConocoPhillips and Burlington Resources Oil and Gas Co. regarding royalties they allegedly owed from past oil and natural gas production on state lands.

August 28, 2012

Range Drills First Utica Well in Crawford County, PA

Range Resources Corp. has drilled the first unconventional natural gas well in Crawford County, PA, and is reportedly planning to drill more of them targeting the Utica Shale in the near future.

July 24, 2012

Pennsylvania to Collect Royalties for Gas Under Public Waterways

Under a new policy by the Pennsylvania Department of Conservation and Natural Resources (DCNR), operators will be required to sign a lease and make royalty payments to the state for natural gas gathered from wells adjacent to navigable streams, lakes and waterways.

June 5, 2012