6th Circuit: Family Must Pay Back $1.8M To Fracking Company Under Contract

Mealey's (June 11, 2018, 7:34 AM EDT) -- CINCINNATI — A panel of the Sixth Circuit U.S. Court of Appeals on May 31 ruled that a hydraulic fracturing company was entitled to $1.8 million from a landowner family as part of the contract the parties negotiated because the deal contained a provision that the family had to repay that amount — which acted as a signing bonus — if the company decided not to drill on the family’s land (Encana Oil & Gas v. Zaremba Family Farms, Inc., et al., Nos. 16-2065/17-1429, 6th Cir.; 2018 U.S. App. LEXIS 14314)....