Friday, April 18, 2014 - 1:35:07 AM

Local News

Print Friendly | Bookmark and Share

Landowners Released From Gas Leases

A group of landowners which had already claimed victory in court has settled with Chesapeake Energy in a deal which releases the landowners from gas leases.

The group of over 200 landowners which owns roughly 13,000 acres had been kept in their leases past the original expiration date due to force majeure clauses, which Chesapeake had invoked saying the state's moratorium on fracking prevented it from drilling.

Last November, a federal judge ruled in favor of landowners who fought Chesapeake's claim of force majeure. The gas company had appealed but Monday's settlement officially frees the landowners from their leases.

"They are released from their lease, they are free and clear and they're now just like the rest of us, waiting for the Governor to make a decision so that we can move forward with this opportunity in New York," said Scott Kurkoski, attorney for the landowners.

Some of those leases were signed over a decade ago, before the state's moratorium on fracking began for as little as $3 an acre.



VIEW VIDEO

View Related Articles: Broome County, NYS or comment on this one below.

blog comments powered by Disqus


Back Back

News system programming and website hosting by EFX internet  EFX internet


Additional Articles


Officers are Cracking Down during 'Operation Speed Week' VIEW VIDEO
If potential travel plans are on your horizon, you may want to be a little more careful driving this week.   Starting April 17th and running through the 24th, New York State is holding "Operation... more

17 East Nightclub Now on Lockdown VIEW VIDEO
It's official now. A  Binghamton City Court Judge has granted the city's petition for the immediate lockdown of the 17 East nightclub, on Cinton Sreet. Myor Rich David will post the official... more

Two Men Arrested on Drug Charges in Chenango VIEW VIDEO
Two men arrested, one on drug charges last night in the town of Chenango, during what police say was a routine traffic stop. 27 year old David Wesser of Endwell, and 20 year old Aasin Hassinger,... more

American Idol Tour to Kick Off in Binghamton VIEW VIDEO
If you've just finished watching American Idol on FOX 40 this evening, you might be pretty excited to hear that the American Idol Live 2014 tour is kicking off this June, in Binghamton. It will... more

Arrest Warrant Issued for Waverly Meth Lab VIEW VIDEO
An arrest warrant has been issued in the case of the mobile meth lab that we told you about earlier this week. Police are looking for 26 year old Joshua E. Donahue who is wanted on charges of... more

Owego Mayor Kevin Millar in Court for Pre-Trial Conference VIEW VIDEO
The DWI case against Owego Mayor Kevin Millar has been adjourned until next month. That is the result of a pre-trial conference in Waverly Thursday afternoon. A toxicology report is still not... more

Casino at Tioga Downs would mean Golf Course VIEW VIDEO
If Tioga Downs wins a license from the state to operate as a casino you may want to take your clubs. Wednesday Tioga Downs announced it will enter into a partnership with the Tioga Country Club in... more

Click here for more local news...icon

ADVERTISEMENT

ADVERTISEMENT

 A News Story

If you are looking for a copy of a news story that we recently aired, simply click here to find out how.

FOX 40 Poll


Which Social Media Site Do You Use The Most?
 
Twitter
 
Facebook
 
LinkedIn
 
MySpace
 
Other
 
None
   

Breaking News

Do you have a tip or information about a breaking news story? Contact the FOX 40 News Desk at 607.798.0070 or send us an email .

Share to Facebook Share to Twitter Stumble It More...