Judgment

Fifth Circuit Rules Against Chesapeake in Canceled Lease Deal

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.

September 17, 2012

Fifth Circuit Rules Against Chesapeake in Canceled Texas Lease Deal

The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.

September 14, 2012

Researcher: Moves to Ban Fracking Are Premature

Not all the facts are in on the risks of hydraulic fracturing (fracking) well stimulation, so curtailing the practice would be a rush to judgment, according to a new report from the National Regulatory Research Institute (NRRI).

October 19, 2011

DRBC Sued for Allowing Gas Drilling Prior to Moratorium

Two conservation groups are suing the Delaware River Basin Commission (DRBC) for allowing natural gas development in the watershed prior to a moratorium instituted last year. The plaintiffs have asked the court to have the drilled wells removed, “and the sites cleaned up and restored to natural conditions.”

February 4, 2011

Secretary ‘Reserves Judgment’ on BP Spill Response

Homeland Security Secretary Janet A. Napolitano Monday told a Senate committee that she wanted to “reserve judgment on the adequacy” of BP plc’s response efforts to the massive crude oil response in the Gulf of Mexico (GOM).

May 18, 2010

Ex-Gas Trader Fined for False Reporting

The U.S. Commodity Futures Trading Commission (CFTC) obtained a $475,000 judgment against former natural gas trader Matthew Reed for false reporting of prices to industry price index publishers.

November 24, 2008

Former Gas Trader Fined $475K for False Reporting

The U.S. Commodity Futures Trading Commission (CFTC) obtained a $475,000 judgment against former natural gas trader Matthew Reed for false reporting of prices to industry price index publishers.

November 18, 2008

Kerr-McGee Files Against Interior Over Royalties; Government Has $500M at Stake

Kerr-McGee Oil and Gas Corp. has asked a federal court for a declaratory judgment and an injunction against the Interior Department and Johnnie Burton, Interior’s acting assistant secretary for Land and Minerals Management, saying the government is illegally attempting to force Kerr-McGee to pay royalties on deepwater Gulf of Mexico production exempted by law from royalties.

March 21, 2006

Judge Reverses $3.2M Court Decision Against Dynegy

A judge has overturned a $3.2 million judgment against Dynegy Midstream Services LP and affiliate Versado Gas Processors LLC in a case brought by Apache Corp., ruling that the jury had reached its verdict without sufficient evidence against the companies.

May 17, 2004

FERC’s Wood Says Next Move on Price Reporting Hinges on Surveys, Staff Report

FERC Chairman Pat Wood said he plans to reserve judgment on whether confidence has been restored in published price indexes until industry surveys are returned and an agency staff report based on the survey responses is completed.

March 22, 2004
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