Chesapeake Energy and Total E&P USA are trying to move beyond their Barnett Shale challenges by agreeing to settle a large number of lawsuits brought by royalty owners who are alleging that they were shortchanged in their royalty payments by the two energy companies. The royalty underpayment suits were filed by the McDonald Law Firm and Circelli, Walter & Young, both in Fort Worth.
Chesapeake is a petroleum and natural gas exploration and production company headquartered in Oklahoma City, and Total E&P USA is a subsidiary of Total S.A., a French multinational integrated oil and gas company. Both companies recently reached a global settlement under which they will pay out a combined total of $52.5 million to more than 13,000 clients of two Texas-based law firms.
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