Landowners Want Restoration of $24 Million Verdict

By: Associated Press
By: Associated Press

FRANKFORT, Ky. (AP) — 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.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:
WBKO 2727 Russellville Road Bowling Green, KY 42101-3976 Phone: 270-781-1313 After Hours Hotline: 270-781-6397 Fax: 270-781-1814
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 202693931 -
Gray Television, Inc.