Fort Worth 4th Street Partners v. Chesapeake Energy Corp.

FWP and its designees filed suit against Chesapeake and related entities to recover payment allegedly due under a provision of a Surface Use Agreement governing Chesapeake's use of FWP's land. The Fifth Circuit affirmed the judgment of the district court determining that the payment provision was a covenant that ran with the surface of the land and that FWP accordingly forfeited the benefit of this covenant when it sold that land. Because FWP consequently forfeited its right to payment under this paragraph when it sold the surface of the land at issue to Chesapeake, the court did not address the district court's alternative holding. View "Fort Worth 4th Street Partners v. Chesapeake Energy Corp." on Justia Law