Oil Closes Near $38 After Taking Hit

U.S. crude prices fell since this morning, despite briefly rising due to a weaker dollar. Oil prices have steadily increased since Tuesday afternoon, just after Federal Reserve Chairman Janet Yellen announced a careful approach to raising interest rates. Historically, a weaker dollar inflates oil prices, since crude is priced in dollars. U.S. crude ended the […]

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Pennsylvania Attorney General Files Civil Suit Against Chesapeake Alleging Violation Of The Unfair Trade Practices Act

On December 9, 2015, the Pennsylvania Attorney General’s (“AG”) office filed a civil complaint against Chesapeake Energy Corp., Chesapeake Appalachia, LLC, Chesapeake Operating, Inc., Chesapeake Energy Marketing, Inc., and Williams Partners, LP.  The suit was filed in the Bradford County Court of Common Pleas.  A copy of the complaint is available here. The AG’s lawsuit […]

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When Is Failure to Pay Delay Rentals Enough To Break A Lease?

Many Oil and Gas leases are “paid up,” which means that the leasing company does not have to pay regular delay rental payments to hold the lease.  However, in Pennsylvania, there are still some leases that require the leasing company to make “delay rental payments.”  These are typically annual payments that are made until the […]

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Who Owns the Oil and Gas?

Recently, the Pennsylvania Superior Court emphasized the difference between a “reservation” and an “exception” in a deed.   The court explained that a reservation is a way for a person who conveys property to hold certain rights in things that do not yet exist (e.g. future gas royalties). Importantly, a reservation generally ends when the person […]

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