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Texas high court rules for Hyders in Chesapeake royalty case

2015-06-12 22:16:10| Paper - Topix.net

Fort Worth's Hyder family won its fight in the Texas Supreme Court against Chesapeake Energy, with the state's high court narrowly ruling that the Oklahoma City-based energy giant improperly deducted post-production costs from their royalty checks. In a 5-4 decision, the majority ruled that the agreement the Hyder family signed with the original production company, a lease that was bought by Chesapeake, specifically barred the company from subtracting the money from the checks.

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