Showing posts with label Mineral Rights. Show all posts
Showing posts with label Mineral Rights. Show all posts

Monday, December 06, 2010

Fear and Intimidation *Update*

Read the amazing story on Bluedaze
(UPDATE:  This story is no longer available on Bluedaze at the link above, but please read an update in the Comments below. ~ October 5, 2014 ~ Westchester Neighbor)

We know for certain that our neighbors in northern Westchester have been "targeted." We're not certain how many others received this mailing in Grand Prairie, TX. The meeting is scheduled during a very busy time for most of us. Tomorrow ~ Tuesday evening (December 7th) beginning at 6 PM. 

It is an attempt to divide neighbors and neighborhoods. Don't be fooled. Get informed. E-mail us if you have questions. westchesterneighbor (at) gmail.com. (The "at" is the "@" sign.) Or ask your question in the comments for this post.

United We Stand. Divided We Fall. 



Here's the lovely invitation. We wonder if they'll offer dinner since it's so early in the evening. Don't see a menu on the invitation.  Not even snacks or drinks??!!!

Saturday, November 27, 2010

Leaseholder Sues Chesapeake in Federal Court

Chesapeake Allegedly Made Unjust Profits of $5 Billion
NEW YORK (Dow Jones) NOVEMBER 24, 2010, 6:21 P.M. ET--A Texas woman sued Chesapeake Energy Corp. (CHK) Wednesday claiming the company, with the help of its bankers, violated the rights of leaseholders for oil wells by selling minerals without compensating members of joint operating agreements.
The lawsuit, filed in federal court in Manhattan by Mary Linda McCall, claims Chesapeake made as much as $5 billion in unjust profits since late December 2007.
According to the suit, seeking class-action status, Chesapeake "wrongfully retained" the proceeds of those sales for its sole benefit, while failing to adhere to the contractual guidelines with its leaseholders.

The suit hopes to recover "hundreds of millions--perhaps billions--of dollars" due to leaseholders.
[...]
The suit claims Chesapeake and its bankers violated the rights of the non-operating working interest owners. Chesapeake allegedly sold minerals in the ground without their consent.  [emphasis added.}
Click here for the rest of the story.

(Note:  They mean "gas wells," not "oil wells.")