Lawsuit: WV Landowners Want Out of $5/Acre Leases

March 4, 2013March 4, 2013

About 120 West Virginia landowners are suing Magnum Land Services and Belmont Resources with the claim the company’s representatives hoodwinked them into signing leases to allow shale drilling for as little as $5 per acre when, at the time (in 2007), other West Virginian’s were getting as much as $5,000 per acre. The case is headed to federal court. The (few) details as we know them:

To view this content, log into your member account. (Not a member? Join Today!)