AG Shapiro, Chesapeake Energy Reach Settlement Amid Bankruptcy

TUNKHANNOCK, PA—Attorney General Josh Shapiro today announced that the Pennsylvania Office of Attorney General has reached a settlement agreement with Chesapeake Energy (Chesapeake), who filed for bankruptcy in June 2020. The settlement provides for better payment of royalties for Pennsylvania landowners with Chesapeake leases going forward; improved protections for landowners through appointment of an Ombudsman to investigate individual claims, OAG compliance and inspection rights, and annual reporting; and $5.3 million in restitution for Pennsylvania landowners with Chesapeake leases.