Mercer County Landowners Suing Halcon Get Small Victory

Last fall Halcon Resources signed letters of intent with landowners in Mercer County, PA to lease some 60,000 acres for drilling, via CX Energy (Co-eXprise). In September 2012 Halcon called a meeting with landowners and told them they would only proceed with leasing about half of the acreage (see Halcon Says No Drilling for Half of Mercer County Landowners). Needless to say the half that were jilted didn't take it well. In fact, they felt defrauded by Halcon and filed a class action lawsuit in federal court against Halcon. The U.S. Court of Appeals Third Circuit has just passed the case ("remanded" it) back to a Pennsylvania trial court, which is a small victory for the landowners. How so? Well, it's complicated, but we'll do our best to explain it...

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