Oklahoma natural gas giant Chesapeake Energy (NYSE: CHK) has reached an out-of-court settlement with Fort Worth billionaire Ed Bass and 20 other landowners just as a trial was set to begin over millions of dollars in unpaid royalties.
The Fort Worth Star-Telegram reported that no financial details of the settlement have been released. The deal was reached over the weekend.
The settlement comes after U.S. District Judge Ed Kinkeade last month ruled in the Bass-led group’s favor, saying Chesapeake…
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