It’s interesting they set aside $35 million for a case they claim they are sure to win.
Range Resources sets aside $35 million for Oklahoma royalty lawsuit
I snagged this purely speculatory comment off Tim’s Facebook:
Range is going to either lose fighting it, or settle quietly. The confident company does not set aside $35M “just in case” if he has a “Strong defense”. What I’m reading is, they know they’ve been screwing royalty owners, got caught, and by their math, cheated them out of $35 Million. One does not notify the SEC of an expense like this just for the heck of it.
Sometimes Tim makes a lot of sense.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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