Antero Resources Inc. Facing Class Action over Lease Agreement

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Two West Virginia landowners have filed a class action against Antero Resources, Inc. and Antero Resources Appalachian Corp. over allegedly unauthorized deductions that were taken from new gas well royalties owed to the plaintiffs. The plaintiffs, co-owners by succession to land overlying oil and natural gas interests, claim the deductions were “in excess of 40 percent of the amount [they] were entitled to receive from Antero.” Furthermore, the deductions appeared on the plaintiffs’ royalty statement without explanations as to why the money was being taken.

“As part of the legal responsibilities of [the defendants], they agreed to and/or had the duty to account for all of the sales of gas from said wells and to accurately account for said wells and to act as a fiduciary for [the plaintiffs’] money owed as a result of royalties due to [the plaintiffs],” the lawsuit says.