Drilling Company to Pay $14 Million to Settle Class Action Lawsuit

State College-based Rex Energy, which allegedly did not honor bonus and royalty payments to some 230 landowners, has settled a class action lawsuit to the tune of $14 million.

The civil suit was filed in 2009 and alleged that Rex Energy “did not honor promises of bonus and rental payments on the drilling leases. Rex countered it chose not to finalize the contracts after landowners signed them and therefore did not owe any payments.”

Read more on the story here.