Snively Royalty Helps Group of Texas Leaseholders Recover $518,000 from Chesapeake Energy
Chesapeake Energy Company paid a group of leaseholders $518,000 from Tarrant and Johnson Counties in Texas who were grossly underpaid for their natural gas leases. Snively Royalty Analysis drove the process for this group’s lawsuit and it is the largest group settlement Snively has facilitated to date. Victoria Snively, owner, said, “Working with our clients, who are royalty owners, we were able to recover years of underpaid royalties and correct how these royalties are paid in the future. Unfortunately, we find the underpayment of natural gas royalties to be a common occurrence and we