Triana Energy
Triana Energy operated in the Marcellus Shale during the boom’s early expansion, navigating leasing, drilling, and eventual acquisition in a fast-moving market. In a 2009 case in West Virginia, landowners who sold natural gas to Chesapeake and its predecessors — including Triana Energy, NiSource Inc., and Columbia Natural Resources — alleged they were cheated out of portions of their royalty payments. In shale’s rapid ascent, corporate timing and contract terms often moved just as quickly as the drilling rigs.
Source: Triana Energy (2010) Read More