Ohio landowners are attempting to use a clause in their lease agreements to terminate their leases with Chesapeake Exploration LLC and negotiate a better deal with other firms. Chesapeake has answered with a suit filed January 25 to stop them from terminating those leases. Read on for more details.
###
Chesapeake Sues Columbiana, Carroll Landowners to Stop Lease Terminations
BUSINESS JOURNAL DAILY
By Dan O’Brien
Tuesday, February 7, 2012
YOUNGSTOWN, Ohio — An attorney representing landowners in Carroll and Columbiana counties says he’s preparing to ask a federal judge to rule whether these landholders have the right to terminate their lease agreements with Chesapeake Energy Corp. and negotiate a better deal with another company.
“We’ll ask the court to make a ruling on the four corners of the agreement,” states Robert Tscholl, a North Canton attorney representing some of the 95 landholders who seek to end their leases with Chesapeake Exploration LLC, a Chesapeake subsidiary. “We agree we want a speedy resolution. We’ll ask the judge to tell us who’s right and who’s wrong.”
Oklahoma City-based Chesapeake Exploration filed a lawsuit in U.S. District Court for the Northern District of Ohio Jan. 25, arguing that they don’t have the right to terminate the leases. The case is assigned to Judge John Adams.
