The lawsuit involves oil and gas leases covering more than 5,400 mineral acres and more than 750 producing gas wells in Tarrant, Johnson and Ellis counties.
"Chesapeake structured its midstream asset sale and transportation agreements in such a way that the lessors and royalty owners bore unreasonable costs," says attorney Daniel Charest of Burns Charest LLP in Dallas, who represents the plaintiffs. "My clients only want a fair price for their royalty production. That's what this case is about."
The case is Addax Mineral Funds, et al.v. Chesapeake Operating, LLC, et al., No. DC-16-07867, in the 95th District Court in Dallas.
The attorneys at Burns Charest have years of experience in complex oil and gas royalty disputes in various shale plays across the country, including the Barnett, the Eagle-Ford, the Marcellus and Utica, and the Hanesville. Among other matters, in late 2015, the firm secured a favorable, confidential settlement for members of the Bass family in Fort Worth as part of a separate lawsuit against Chesapeake over unpaid oil and gas royalties in North Texas.
For more information, please contact Sophia Reza at 800-559-4534 or Sophia@androvett.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/north-texas-royalty-buyers-and-investors-sue-chesapeake-energy-over-excessive-fees-royalty-underpayments-300293499.html
SOURCE Burns Charest LLP