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Chesapeake settles with Bass brother, other landowners in royalty fight

2015-09-09 07:54:33| Oil & Gas - Topix.net

Three weeks after a federal judge ruled Chesapeake Energy had underpaid mineral rights owners in North Texas' Barnett Shale - including 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 long, 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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