Thu. Mar 28th, 2024

Coudy News

Late Breaking News for Coudersport and Northcentral PA

Marcellus Shale Driller Offers Settlement to Landowners

1 min read

From WHYY

A major gas company actively drilling the lucrative Marcellus Shale deposits in Pennsylvania recently offered a settlement to hundreds of landowners. The property owners had accused the company of cheating them out of royalty payments.

If a landowner gets an offer from a gas company today, they could get $3,000 an acre plus a 20 percent royalty payment on the gas extracted from their property. Back in 2004, landowners got a lot less. A group of them sued one of the earliest drillers in the state — Texas-based Range Resources.

“There’s a total culture of arrogance associated with this.  They sort of give you the ‘well if you don’t do it we’re going to do it anyway, we have a whole building of lawyers that support us and it won’t matter what you say.’ So, that’s sort of how we got rolled over.”

Click here to read entire article.

1 thought on “Marcellus Shale Driller Offers Settlement to Landowners

Leave a Reply to Anonymous Cancel reply

Your email address will not be published.

Copyright © All rights reserved. | Newsphere by AF themes.