The cities of Fort Worth and Dallas are suing Chesapeake Energy.
The Dallas/Fort Worth International Airport Board claims Chesapeake shorted the airport several million dollars.
Not long ago, a news release predicted drilling at the airport would bolster growth for decades. Now, D/FW officials have told a judge Chesapeake has ceased all drilling and ignored its obligations.
The money D/FW Airport has received from natural gas drilling on its land has been used for everything from terminal renovations to new restrooms. The bonus alone was $185 million. Now, D/FW says it has been shortchanged.
Chesapeake has ignored its royalty pricing obligations, stated an October-dated letter to Chesapeake from the airport board's attorney.
The board claims the driller has been selling to the same company for a price below the highest market value. D/FW estimates it is owed at least $6,624,525.60 ... for the period September 2007 through December 2008.
A mediation between the companies failed. This month, the D/FW Airport Board -- along with its owner cities of Dallas and Fort Worth -- asked for damages and attorney fees.
In past letters to D/FW, Chesapeake maintained that it has followed the contract, saying the two sides have dramatically different views of the case.
The judge in the case has set a trial date for October of next year.