Plaintiff Charles Hicks recently filed a putative class action in an Arkansas federal court on his behalf and on behalf of others similarly situated claiming that Southwestern Energy Co. and its subsidiaries are defrauding him and the other class members through underpayment of royalties and seeking in excess of $5 million in damages.
The dispute centers on the issue of whether Southwestern Energy is using improper accounting methods to determine the royalties and thereby shortchanging its royalty owners. Today many royalty owners who were looking to cash in on the oil and gas drilling boom of a few years ago are seeking to find out why the gusher of cash royalties has slowed down.
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