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Chesapeake Settles with Bass and Other Barnett Shale Royalty Owners

© 2015 The Texas Lawbook.

By Natalie Posgate

(Sept. 8) – Lawyers for Chesapeake Energy likely spent Labor Day laboring over a confidential settlement reached Tuesday morning for a case against Fort Worth billionaire Ed Bass and other disgruntled royalty owners. It was set to go to trial Tuesday.

Jurors were to determine damages Chesapeake owed to the North Texas landowners for violating their leasing contract by deducting post-production expenses from royalty payments. U.S. District Judge Ed Kinkeade determined Chesapeake had made that violation in a summary judgment ruling last month.

Mark Curriden

Mark Curriden is a lawyer/journalist and founder of The Texas Lawbook. In addition, he is a contributing legal correspondent for The Dallas Morning News.

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