Posted by 1130Leo on November 12, 2014 at 06:49:12 from (12.188.165.254):
In Reply to: OT Gas Lease posted by Steve@Advance on November 11, 2014 at 20:18:49:
rrlund is right, that is the same company that is currently involved in litigation with the State of Michigan, and they are crooks. Weather or not the letter you have recieved is legit or not, is questionable. You need to pull out your original lease, and any documents you signed when you started getting royalty payments, hopefully somewhere in your documents you are relieved of obligations due to their so called overpayment. It almost sounds like they may have realized they forgot to steal your royalty payments like they have others and are now trying to get your money as well, which is where the class action suit has come from, Chesapeake suddenly cut most land owners shares by over 90% claiming post production costs. I would keep the paperwork, and possibly talk to an attorney. The class action suit may be worth looking into. There is a website: naturalgasforums.com that has lots more info on this issue.
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