Legal

Shell Fires Second Lawsuit; Barrett Responds

In a second lawsuit filed this week to prevent future legalroadblocks, Royal Dutch Shell Group is asking a federal court todeclare that its tender offer to take over Denver-based BarrettResources Corp. complies with the regulations of the Securities andExchange Commission, and that Barrett may not file a lawsuit on anymerger-related issues except in the Delaware courts, where Barrettis incorporated.

March 15, 2001

AEC Expands Storage Holdings, Buys OK Facility

Alberta Energy Company (AEC) has pulled the Manchester GasStorage Facility in Oklahoma out of the legal quagmire surroundingthe Mountain Energy bankruptcy. AEC subsidiary Salt Plains StorageInc. purchased Manchester, which is located in Grant County, OK,for $42 million last month.

March 5, 2001

AEC Expands Storage Holdings, Buys OK Facility

Alberta Energy Company (AEC) has pulled the Manchester GasStorage Facility in Oklahoma out of the legal quagmire surroundingthe Mountain Energy bankruptcy. AEC subsidiary Salt Plains StorageInc. purchased Manchester, which is located in Grant County, OK,for $42 million last month.

March 2, 2001

Exxon Mobil to Appeal $3.5B Royalty Judgment

Exxon Mobil Corp. said it will take “all legal steps” tochallenge a record $3.5 billion verdict announced last week by anAlabama jury, which found the oil company had defrauded the stateand underpaid royalties on natural gas well leases in state waters.The case centered on charges that the energy giant had underpaid upto $87.7 million in royalties on the Mobile Bay natural gas projectin the Gulf of Mexico.

December 25, 2000

FERC Declares RRM in Dynegy-El Paso Contract Legal

FERC last week clarified that the controversial “rate reductionmechanism” (RRM) in the capacity contract between Dynegy Marketingand Trade and El Paso Natural Gas is “not an unlawful practice orcontract” under the Natural Gas Act. Commissioner William Massey,however, issued a blistering attack not only against the RRM, butthe entire El Paso-Dynegy transaction.

October 25, 1999

FERC Declares RRM in Dynegy-El Paso Contract Legal

FERC earlier this week clarified that the “rate reductionmechanism” (RRM) in the capacity contract between Dynegy Marketingand Trade and El Paso Natural Gas is “not an unlawful practice orcontract” under the Natural Gas Act. Commissioner William Massey,however, issued a blistering attack against the RRM and the entireEl Paso-Dynegy transaction.

October 21, 1999

Kern Offers to Cut Rates, Settles With Shippers Before Case Begins

In a rare move that eliminates huge legal costs, Kern River GasTransmission has submitted to FERC a negotiated settlementagreement on its rate design prior to the start of a general ratecase (RP99-274). The agreement has the approval of all of itsshippers. Kern’s general rate case was scheduled to begin thismonth.

April 12, 1999

Kern, Shippers Settle Rate Case Before it Begins

In a rare move that eliminates huge legal costs, Kern River GasTransmission has submitted to FERC a negotiated settlementagreement on its rate design prior to the start of a general ratecase (RP99-274). The agreement has the approval of all of itsshippers. Kern’s general rate case was scheduled to begin thismonth.

April 7, 1999

In Brief

Energen Resources Corp., the oil and gas subsidiary of EnergenCorp., reported it signed a definitive agreement to acquire thestock of Total Minatome Corp. for $110 million, plus $22 million inlegal and financial obligations. For its investment, EnergenResources will gain an estimated 200 billion cubic feet equivalent(Bcfe) of proved domestic oil and natural gas reserves. Immediatelyupon closing the transaction on Oct.15, Energen Resources (formerlyTaurus Exploration Inc.) plans to sell a 31% undivided interest inTotal Minatome’s assets to Westport Oil and Gas Co. Inc.

September 21, 1998

UtiliCorp, Andersen Spar Over Fees

UtiliCorp United and Andersen Consulting are engaged in a legalbattle over fees for work Andersen did for UtiliCorp that theclient says spiraled to more than twice the amount agreed upon.Most recently, UtiliCorp filed a $10 million suit in a Missouricourt charging Andersen with negligence and failure to live up toterms of a 1996 contract for administrative software and systems.The suit is a response to a complaint filed in March by Andersenseeking payment of fees UtiliCorp had withheld.

April 24, 1998
1 8 9 10 Next ›