Firm Drops Bid To Force Drilling On Holdouts

(AP) — Hilcorp has dropped its bid to force holdout property owners in Pennsylania to accept drilling under their land, saying Friday the energy company wants to move beyond a protracted fight and begin producing oil and gas. The company said in a statement that while it believes it would have prevailed, "this protracted process has created uncertainty for the landowners that have leased to Hilcorp and are eager to exercise their right to develop their oil and gas."

Topics:  ap    hilcorp   pennsylania   hilcorp   drilling   bid to force   gas   protracted   oil   company   
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