Landowners Appeal Ohio Jury’s Decision in Long-Running Royalty Case Against Drillers
Columbus, Ohio – A lengthy and contentious royalty case reached its conclusion in March, as an Ohio jury delivered its verdict after nearly four years of legal proceedings and countless filings from both sides. The case revolved around the absence of the words “Point Pleasant” in a lease agreement, resulting in drillers – including Ascent Resources, Gulfport Energy, and Rice Energy – gaining the upper hand over the rights owner, TERA II, LLC. Despite the lease not explicitly allowing drilling into the Point Pleasant formation, which lies on the border of the Utica shale formation, … Read more