Posted by Steve@Advance on November 11, 2014 at 20:18:49 from (107.203.134.67):
Got a question about gas leases. I signed a contract with Chesapeake Energy back in 09. Nothing came of it for a couple years, then some wells came in and I started getting some royalties in'11, continuing to now.
Last week I got a letter from a law firm wanting me to join in a no risk class action law suit against Chesapeak, accusing them of underpaying lease holders. I have taken no action.
Then this week I get a letter from Chesapeak. It says that as a result of an overpayment, my account has a negative balance of $6,210.97, and to prevent my account from being turned over to their legal dept, I am to remit payment or contact their Revenue Analyst to discuss repayment options.
I haven't talked to my neighbors to see if they got similar letters. This all looks official, don't think it's a scam. Where they got that figure is a mystery, that's way more than I've collected from them! And, no I didn't send them a check! LOL
I'm sure this is some kind of legal ploy to counter the lawsuit. Just wondering if anyone else has encountered this. Looking for a heads up, trying to stay a step ahead of them. Also, if I sign up for the lawsuit, will my payments be with held until the suit is settled? I don't depend on these payments to survive, and it's not my style to take people to court, but still I don't like being taken advantage of or intimidated with nasty letters!
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