Chesapeake's Notice Extends Oil Lease, 6th Circ. Says

Law360, New York (January 14, 2014, 10:18 PM EST) -- The Sixth Circuit ruled Tuesday that Chesapeake Appalachia LLC's filing of a pooling notice qualified as "operations" under an oil and gas lease and thus triggered an extension of the lease period, despite the landowners' objections that the company had not submitted a drilling application.

In reversing the lower court's decision, Circuit Judge Helene N. White ruled that Chesapeake’s filing of a “Declaration of Notice of Pooled Units” constituted “operations” under an oil and gas leasing contract, meaning the company had met its contractual deadline to...
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