Fracking Company Says Royalty Deductions Were Proper Based On Contract Language

Mealey's (November 5, 2021, 8:05 AM EDT) -- CLARKSBURG, W.Va. — A hydraulic fracturing company on Oct. 22 filed a reply brief in the Fourth Circuit U.S. Court of Appeals arguing that its process of subtracting costs when calculating royalties for holders of hydraulic fracturing leases is proper based on clauses in the contracts at issue and that the plaintiffs have failed to plead a fraud claim sufficiently....