Mealey's Fracking : Mealey's : Legal News & Analysis

Mealey's Fracking

March 11, 2024
Investors Seek Approval Of Fracking Securities Class Settlement Worth $7,068,750

BROOKLYN, N.Y. — U.S. investors who sued an oil and gas exploration company’s officers alleging that they violated federal securities laws have filed a brief in New York federal court supporting preliminary approval of a $7,068,750 class action settlement, which amounts to roughly 12.4% of the U.S. settlement class’s $56.3 million maximum recoverable damages.
March 08, 2024
8th Circuit: Agency Did Not Err In Approving Drilling Near Tribal Water Source

ST. LOUIS — The U.S. Department of the Interior’s Bureau of Land Management (BLM) did not act arbitrarily or capriciously by approving several permits for oil and natural gas extraction under a reservoir that serves as the only source of drinking water for the Mandan, Hidatsa and Arikara Nation (MHA) because the agency met all administrative requirements in approving the project, an Eighth Circuit U.S. Court of Appeals panel found in affirming a trial court’s judgment.
March 07, 2024
Taxi Company: Fracking Operators Conspired To Fix Prices, Constrain Production

LAS VEGAS — A company that provides taxi service has filed an antitrust class action against multiple hydraulic fracturing companies in Nevada federal court, arguing that they are liable for conspiring to “coordinate, and ultimately constrain, domestic shale oil production, which has had the purpose and effect of fixing, raising, and maintaining the price of crude oil in and throughout” the country.
March 07, 2024
Panel Affirms Dismissal Of Fracking Securities Case For Failure To State Claim

NEW ORLEANS — A panel of the Fifth Circuit U.S. Court of Appeals affirmed a lower court decision dismissing claims brought by an investor against a hydraulic fracturing company, ruling that a district court did not err when it dismissed claims for violation of the Securities Exchange Act of 1934.
March 06, 2024
Investors Sue Fracking Company For Fiduciary Breach Related To Merger Transaction

WILMINGTON, Del. — A group of former minority investors in a hydraulic fracturing company have sued in Delaware state court the former members of the board of directors and a private equity firm that is a majority shareholder in the company, contending that they breached their fiduciary duties when they approved a merger between the company and another fracking services operator because the transaction was based on a deficient proxy statement and a “misinformed vote.”
March 05, 2024
Jury: Ohio Leaseholders Did Not Reserve Their Rights To Point Pleasant Shale Play

COLUMBUS, Ohio — A federal jury in Ohio has ruled that leaseholders who sued hydraulic fracturing companies in a royalty dispute did not reserve their rights below a shale play known as the Point Pleasant formation, which is a specific area beneath the Utica Shale Play.
March 05, 2024
Split Panel Reverses Trial Court, Says New Regulations On Oil Wells Are Valid

FRESNO, Calif. — A split California appellate panel has ruled that the California Geologic Energy Management Division’s (CalGEM) new regulations on oil drilling, which require automatic cessation of operations at wells located within a 300-foot radius of a surface expression, are valid and do not conflict with state statutes.
March 04, 2024
Land Company Countersues Fracking Operator Over Rights To Subsurface Minerals

COLUMBUS, Ohio — A land management company has filed a counterclaim in Ohio federal court against a hydraulic fracturing operator seeking declaratory judgment that the fracking operator does not have the right to use the surface of property belonging to the land management company to construct horizontal well pads that will produce oil and gas from under that property.
February 28, 2024
Investors: Magistrate Judge Committed ‘Clear Error’ In Fracking Securities Ruling

HOUSTON — Investors have filed a brief in Texas federal court objecting to a memorandum issued by a federal magistrate judge who recommended that class certification of a securities fraud case should be limited. The investors argue that the magistrate judge committed “clear error” when he found that the hydraulic fracturing company that is the defendant in the case rebutted what is known as the Basic presumption.
February 27, 2024
Ohio Judge Dismisses Appeal Of Decision Calling For Fracking In State Parks

COLUMBUS, Ohio — A state court judge in Ohio has dismissed an appeal of an adjudicative order filed by environmental advocacy groups that challenged the Ohio Oil & Gas Land Management Commission’s (OGLMC) decision calling for hydraulic fracturing in state parks, ruling that the groups lacked standing.
February 26, 2024
Judge Transfers Arctic Fracking Lease Dispute To Alaska Federal Court

WASHINGTON, D.C. — A federal judge in the U.S. District Court for the District of Columbia on Feb. 23 ruled that a federal lease dispute regarding hydraulic fracturing in the Coastal Plain of Alaska within the Arctic National Wildlife Refuge should be transferred to Alaska federal court because even though the lease decision was made by the U.S. Department of the Interior (DOI) in Washington, D.C., the fracking proponents who brought the case have “substantial connections” to the District of Alaska.
February 26, 2024
New York Bill Would Prohibit Use Of Carbon Dioxide In Fracking Operations

ALBANY, N.Y. — Legislators in New York, where hydraulic fracturing using water has been banned, have proposed a bill that would prohibit well permits from being issued to applicants that use carbon dioxide (CO2) “to complete or recomplete natural gas or oil resources.”
February 26, 2024
California Agency Proposes Prohibiting Approval Of Permits Needed For Fracking

SACRAMENTO, Calif. — The California Department of Conservation (DEC) has proposed amending state regulations to prohibit issuing permits for well stimulation treatments (WSTs) that are part of hydraulic fracturing operations. The DEC says the prohibition is needed to protect life, public health and the environment.
February 23, 2024
Judge Affirms Ruling Favoring Biden Administration In Alaska Fracking Dispute

ANCHORAGE, Alaska — A federal judge in Alaska on Feb. 22 denied a motion by hydraulic fracturing advocates seeking to alter the district court’s judgment in favor of the Biden administration in a dispute over the president’s moratorium on federal fracking leases, ruling that the advocates did not show that there was a manifest error of law or fact and did not present newly discovered or previously unavailable evidence.
February 22, 2024
Fracking Operator: Plaintiffs ‘Identified No Theory’ For Remanding Royalty Dispute

DENVER — A hydraulic fracturing company has filed a brief in Colorado federal court arguing that it should deny a motion to remand to state court a royalty dispute because the plaintiffs have “identified no theory” under which the federal court could remand the lawsuit.
February 21, 2024
Man Awarded $30M For Fracking Injury, But Colorado’s Damages Cap Limits Recovery

DENVER — A jury in Colorado federal court has awarded a man $30 million in combined damages for injuries he sustained when a hydraulic fracturing rig he was working on exploded. However, due to a state cap on punitive damages, the man will not be able to collect all $30 million the jury awarded him.
February 20, 2024
Slovak Republic Tells ICSID U.S. Driller Broke Local Law, Harmed Own Investment

WASHINGTON, D.C. — The International Centre for Settlement of Investment Disputes (ICSID) on Feb. 19 published the Slovak Republic’s rejoinder to a U.S. oil company’s arguments accusing Slovakia of causing its investment more than $568.2 million in damages, in which the nation asserts that the company caused its own misfortunes, not government regulatory agencies.
February 20, 2024
In Post-Grant Review Halliburton Defends Fracking Technology As Patent-Eligible

ALEXANDRIA, Va. — A petition for post-grant review (PGR) of a purportedly improved hydraulic fracturing process engages in oversimplification of the claims in making the case for a finding of patent ineligibility, Halliburton Energy Services Inc. contends in a Feb. 16 filing with the Patent Trial and Appeal Board.
February 16, 2024
In Advance Of Trial, Parties Debate Right To Drill, Definition Of ‘Utica Shale’

COLUMBUS, Ohio — Hydraulic fracturing companies and leaseholders who sued them in a royalty dispute filed competing trial briefs in Ohio federal court on Feb. 15. The defendant companies argue that the phrase “commonly known as the Utica Shale” includes the rock unit into which they drilled and, therefore, they did not act unlawfully or unjustly. The leaseholders say the lease language reveals that the defendants did not have the right to drill in the Point Pleasant Formation or any other formations that lie below the base of the Utica Shale.
February 16, 2024
United States And Apache Corp. File Consent Decree Resolving Alleged CAA Violations

ALBUQUERQUE, N.M. — In a consent decree filed the same day as a complaint, Apache Corp. agreed to pay a $4 million civil penalty to resolve Clean Air Act (CAA) violation claims brought against it by the United States arising from the company’s fracking operations in New Mexico and Texas.
February 12, 2024
Magistrate Recommends Class In Fracking Securities Case But Limits Focus Period

HOUSTON — A federal magistrate judge on Feb. 9 recommended that class certification be granted in a securities fraud case against a hydraulic fracturing operator but limited the focus period of the litigation because there was no front-end price impact attributable to the alleged misrepresentations and the company had rebutted what is known as the Basic presumption.
February 09, 2024
Texas Panel Rules Against Landowner In Dispute Over Fracking Contract

CORPUS CHRISTI, Texas — A Texas appellate panel on Feb. 8 affirmed a lower court’s take-nothing judgment against a landowner on his claims against a hydraulic fracturing company and reversed the trial court’s order granting the fracking operator nonsuit without prejudice on its wrongful injunction claim in a breach of contract lawsuit.
February 09, 2024
Panel: Abstention Doctrine Not Applicable In West Virginia Mineral Rights Case

RICHMOND, Va. — A panel of the Fourth Circuit U.S. Court of Appeals reversed and remanded a mineral rights lawsuit, ruling that a lower court abused its discretion in applying the Pullman abstention doctrine without adhering to important limitations of the doctrine regarding its relevance to a question presented by the West Virginia Constitution.
February 08, 2024
Investors Appeal Securities Case Against Fracking Operator To 5th Circuit

NEW ORLEANS — Shareholders who had their securities lawsuit against a hydraulic fracturing operator dismissed in Texas federal court for failure to state a claim have filed a notice of appeal in the Fifth Circuit U.S. Court of Appeals.
February 08, 2024
Judge Denies Bid To Disqualify Leaseholders’ Counsel In Fracking Royalty Dispute

COLUMBUS, Ohio — A federal judge in Ohio has denied a hydraulic fracturing operator’s motion to disqualify counsel for leaseholders who sued it for trespassing and unpaid royalties related to the alleged illegal removal of natural gas, oil and other hydrocarbons from a shale formation. The judge said that the fracking company’s motion was without merit.