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Range Resources Settles Royalty Lawsuit from Landowners for $22 Million | Marcellus Drilling News
In 2008, Pennsylvania landowners filed lawsuits to have their lease agreements, signed in 2007 with Range Resources, invalidated because the royalty payments they were receiving fell below the 12 1/2 percent level that is guaranteed under PA’s Guaranteed Minimum Royalty Act (GMRA). The landowners separately were joined together into a class action lawsuit representing some