Judge Rules Against Unauthorized Mineral Lease Extensions
A judge is ruling in favor of property owners who filed suit against some energy companies for extending mineral leases after they expired at the rates originally negotiated.
The U.S. District Court has ruled the leases had been extended for no specific or viable reason and declared them expired under their original agreements.
The suit was filed against Inflection Energy, Victory Energy, and Mega Energy.
Close to three dozen property owners whose leases were to expire last year were involved in the action. Another ruling has previously been found against Stat-Oil-Hydro and Chesapeake Energy.