A group of investors in southeastern Kentucky gas wells will pay $60,000 to assume control of the project in a deal reached with the bankruptcy estate of the company that initially owned the venture, the Associated Press reported yesterday. Bankruptcy Judge Joan Lloyd yesterday signed off on the agreement reached between Pioneer Energy and several affiliates and Mammoth Resource Partners, a Cave City, Ky.-based oil and gas company. The agreement resolves claims that the drilling business Pioneer's investors put money into scammed them with big promises and no results. Pioneer's attorney, Chip Bowles, told Judge Lloyd his clients would gladly pay the $60,000 to the bankruptcy estate to be done with Mammoth Resource Partners. Read more: http://finance.yahoo.com/news/judge-oks-deal-between-oil-182219155.html…
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