Split 6th Circuit: Leases Did Not Terminate When Oil Company Missed Payment

Mealey's (June 17, 2015, 4:09 PM EDT) -- CINCINNATI — A partially divided panel of the Sixth Circuit U.S. Court of Appeals on Dec. 23 reversed a ruling that allowed two different groups of landowners to terminate their oil and gas leases with hydraulic fracturing companies, concluding that the language in the leases did not allow termination simply based on the company’s failure to make what is referred to as a delay payment (Anthony J. Kelich Jr., et al. v. Hess Corporation, et al., No.14-3411, 6th Cir.; 2014 U.S. App. LEXIS 24484).

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