Chesapeake To Pay $7.5M To Settle Pa. Fracking Fees Action

Law360, Philadelphia (September 03, 2013, 1:55 PM ET) -- Chesapeake Appalachia LLC reached a $7.5 million settlement with a set of Pennsylvania landowners on Friday in a class action attacking the company's deduction of natural gas drilling post-production costs from royalty payments.

The proposed settlement, which came after over two months of mediation, means that class members will be paid 55 percent of post-production costs prior to Sept. 1 and 27.5 percent of post-production costs until the effective date of the settlement. These are costs associated with gathering, dehydrating and compressing gas so that it...
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