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Chesapeake DENIES!

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shinobi

  • 4205
Chesapeake DENIES!
« on: January 20, 2018, 08:28:16 AM »
In a shock to nobody, Chesapeake Energy has denied everything in Bradford County court:

https://www.thedailyreview.com/news/chesapeake-denies-claims-of-commonwealth-s-complaint/article_61573cd8-d4f4-554c-9e47-69decc3527cf.html

My goodness, they are as innocent as baby lambs!!   slaplaugh slaplaugh


Chesapeake Energy management team



Chesapeake Energy company motto
« Last Edit: January 20, 2018, 09:17:09 AM by shinobi »

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aubrey

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Re: Chesapeake DENIES!
« Reply #1 on: January 20, 2018, 10:43:50 AM »
those are puppies frank, lambs are cuter.

wj
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riverrat

  • 1698
Re: Chesapeake DENIES!
« Reply #2 on: January 20, 2018, 10:48:18 AM »
& you expected them to  say YEP WERE GUILTY

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aubrey

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Re: Chesapeake DENIES!
« Reply #3 on: January 20, 2018, 11:01:42 AM »
I really hope that the a.g. has the goods on chk, but hope isn't gonna cut it.

in the end, it will come down to the actual evidence and how it's presented. given that we have career civil servants doing the investigation and presentation, and chk has experienced oil and gas professionals defending, it's gonna be a long haul.

this is pa's first big case, chk has been playing this game for years and winning (more than losing).

still, w.va. nailed them for $405M, so there's a little hope. (but keep in mind that although chk had to pay, it was actually a company that they bought that did the deed.)

wj
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Wax

  • 6370
Re: Chesapeake DENIES!
« Reply #4 on: January 20, 2018, 02:51:34 PM »
This one is a loss.


Court decision settles long-standing Ohio energy royalty dispute
Reuters Staff

3 MIN READ

(Reuters) - A U.S. District Court in Akron has ruled that Ohio law allows energy companies to deduct fees from payments to royalty holders whose contracts set a value at the well site, settling a widely-followed case involving Chesapeake Energy.

The decision defined for the first time what Ohio law means when it says value of energy in such contracts is established “at the well.” Plaintiffs in the lawsuit had sought class action status and other royalty cases have alleged improper deductions based on the ‘at the well’ language.

https://www.reuters.com/article/us-ohio-energyroyalties/court-decision-settles-long-standing-ohio-energy-royalty-dispute-idUSKBN1CW04J

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aubrey

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Re: Chesapeake DENIES!
« Reply #5 on: January 20, 2018, 08:47:33 PM »
that one was a walk in the park for chk. I can't imagine why anyone would sue under those circumstances.

it set the precedent though. the matter is settled...in ohio.

wj
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