Credit: Brad Gregg On July 11, Businessweek reported that Chesapeake was ordered to pay $100 million to three leaseholders who claimed the Oklahoma City-based company reneged on an agreement to purchase mineral rights. Filed in 2008, the lawsuit brought by three Texas energy companies alleged Chesapeake failed to complete the purchase of three gas leases […]
antitrust
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This week at the ’Peake
Credit: Brad Gregg First, the taxes. According to a report in Bloomberg News, Chesapeake has paid very little of the taxes owed on $5.5 billion it’s made since its founding. The reason rests with a law — written back when people were still mostly getting around on horse and buggy — that allows oil and […]