Possible Petroleum Development Corp. Natural Gas Royalties Class Action

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Petroleum Development Corp.

A lawsuit has been filed and is seeking class action status against the company for allegedly failing to pay landowners enough royalties on natural gas production form wells in Colorado. The lawsuit was filed in US District Court and claims Petroleum Development Corp. has been paying out royalties after deducting costs of getting the natural gas into marketable condition, rather than making payments based on what the gas would fetch on the commercial market.

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Last updated on Dec-5-07

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