Rex Energy Unit Can't Dodge Pa. Landowners' Payment Suit

Law360, Philadelphia (May 06, 2013, 3:49 PM ET) -- Landowners who allege they never received promised payments from a Rex Energy Corp. subsidiary for drilling rights beneath their properties can proceed with their putative class action after the Pennsylvania Superior Court ruled Friday that the company had valid contracts with the plaintiffs.

The three-judge Superior Court panel overturned a Clearfield County judge’s decision finding that R.E. Gas Development LLC would have been bound to make $2,500-per-acre disbursements laid out in oil and gas leases reached with landowners in 2008 only if the company later executed...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers