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| Range Resources Corp. |
More than 100 northern West Virginia property owners have sued Range Resources Corp. in Federal Court accusing the company of cheating them on natural gas leases. Range allegedly cancelled leases with landowners that offered $3,500 per acre plus a 17% royalty when gas prices began to fall in 2008. A Range spokesman says that the leases were signed, but that all Range leases require "management approval", which was not forthcoming. The landowners say that company land agents or "landmen" had told them that the approval was a mere formality and that they turned down offers from other companies in reliance on the Range offer.
Read about the case at:
The Charleston Gazette - West Virginia News and Sports.
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