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Chesapeake, Bass family reach settlement on gas royalties lawsuit

2015-09-09 01:22:43| Paper - Topix.net

Three weeks after a federal judge ruled Chesapeake Energy had underpaid mineral rights owners in North Texas' Barnett Shale - including the billionaire Edward Bass - the owners' group has agreed to drop its case in exchange for an undisclosed payment. The settlement will end what could have been a lengthy and costly legal battle against Chesapeake, the Oklahoma City-based oil and gas company that took in $21 billion in revenue last year.

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