An editorial in Forbes magazine on March 12, 2014 summarizes the royalty underpayment problems of a large energy company that is well known in shale gas country: “Way back in 2007 a jury found Chesapeake liable for $400 million in damages for underpaying royalties to landowners in West Virginia. In 2008 Dallas/Fort Worth International Airport and […]
Royalty abuses are not uncommon - but you don't have to take our word for it! Here are some stories we've collected that highlight the kind of natural gas royalty underpayments we're out to correct.
We've pulled from sources like the New York Times, Reuters, and ProPublica. If you'd like to discuss any of these cases and how this might apply to you, give us a call at 800-910-7487!
The US Government has hundreds of auditors reviewing their royalties. These audits have recovered billions of dollars in underpayments. In a thorough investigative report on the international problem of underpaid royalties, the Thomson Reuters Foundation reported on May 13, 2014 that: “Oil companies have paid $3 billion over the past 15 years to resolve a […]
In the widely-quoted investigative report published on August 13, 2013 by the non-profit organization ProPublica entitled, “Unfair Share: How Oil and Gas Drillers Avoid Paying Royalties”, Abraham Lustgarten chronicles the declining royalties of Don Feusner, whose royalties from his 370-acre dairy ranch declined from $8,506 to $1,690 primarily due to poorly documented “gathering expenses” taken […]
The City of Fort Worth is suing Chesapeake Energy and Total E&P for underpayment of their natural gas royalties. The December 2013 article appeared in The Texas Tribune and The New York Times and reads in part; “Fort Worth’s lawsuit, filed in October, is hardly an outlier. Dozens of mineral owners across North Texas have […]