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Tag Archives: Fort Worth

Settlement reach in Chesapeake oil, gas royalties fight

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DALLAS — Chesapeake Operating Inc. and some Barnett Shale mineral rights owners have reached an out-of-court settlement over alleged underpaid oil and gas royalties. The settlement announced Wednesday involves more than a dozen mineral rights owners, including billionaire investor Edward Bass of Fort Worth. Terms weren’t released. Oklahoma City-based Chesapeake has handled production activities on some of the North Texas ...

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Chesapeake settles Fort Worth royalty case with Bass group

chesapeake

Chesapeake Energy reached an out-of-court settlement with Fort Worth investor Ed Bass and 20 other landowners on the eve of a trial over millions of dollars in unpaid royalties from natural gas drilling. Late last month, U.S. District Judge Ed Kinkeade ruled in the Bass-led group’s favor, saying that the Oklahoma-based energy giant improperly deducted postproduction costs from royalty checks. ...

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As earthquakes shake North Texas, bridge inspectors check for damage

When a big earthquake hits, the world often sees horrific images of collapsed bridges. In 1989, during a 6.9-magnitude quake in the San Francisco area, the double-deck Nimitz Freeway pancaked, killing 42 people. Fifty-foot sections of the Bay Bridge also collapsed, killing a woman. North Texas is unlikely to experience an earthquake of that scope, researchers say. But in recent ...

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Risk of tornadoes persists after 1 killed Saturday

DALLAS (AP) — A new tornado watch issued by the National Weather Service covers much of north and central Texas for most of Sunday. The weather service included Dallas and Austin in its latest tornado watch (http://1.usa.gov/1Etssv2), which runs until 9 p.m. Sunday. One person was killed Saturday night and another left in critical condition after a tornado hit Cisco, ...

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North Texas derailment leaves 4 BNSF Railway workers hurt

VALLEY VIEW, Texas — A freight train has derailed in North Texas during stormy weather leaving 17 cars off the tracks and four crewmembers slightly hurt. BNSF Railway spokesman Joe Faust says the derailment happened early Friday near Valley View, 50 miles northwest of Dallas. Four engines and 13 cars derailed. Faust says the southbound train was hauling a variety ...

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Study links swarm of quakes in Texas to natural gas drilling

WASHINGTON — With real-time monitors, scientists have linked a swarm of small earthquakes west of Fort Worth, Texas, to nearby natural gas wells and wastewater injection. In 84 days from November 2013 to January 2014, the area around Azle, Texas, shook with 27 magnitude 2 or greater earthquakes, while scientists at Southern Methodist University and the U.S. Geological Survey monitored ...

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Texas high court hears case on gas royalty payments

AUSTIN – Chesapeake Energy went to the Texas Supreme Court last week to defend how it deducted post-production costs from royalty checks in a case that is being widely watched by the oil and gas industry and property owners suing the company for millions of dollars. Chesapeake is appealing a San Antonio appeals court ruling from 2014 upholding a state ...

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