A group of southern Kentucky landowners has asked the state's high court to restore a $24.7 million verdict over oil and gas royalties.
The landowners say the Kentucky Court of Appeals erred in January when it threw out the judgment against Texas-based Atmos Energy, which stood accused of failing to pay promised royalties for drilling on their lands.
The landowners initially signed royalty contracts with two attorneys and an entity known as Park City. Park City later reached an agreement with Atmos Energy, which did the drilling and distributed the money.
Atmos overestimated the amount of gas in the fields, which produced for about a year in 2008 and 2009, but not nearly in the quantities projected.
The justices did not indicate if they would hear the case or when.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.