Seventy Seven Energy Inc.'s proposed $1.76 billion merger with Patterson-UTI Energy Inc. offers SSE shareholders too little, and the deal doesn’t reveal information about conflicts of interest and concrete financial projections, a group of shareholders said Wednesday in a lawsuit in Oklahoma federal court.
The largest creditor of bankrupt Triangle USA Petroleum LLC’s holding company called for a rejection of TUSA’s Chapter 11 plan late Tuesday, disputing the company’s proposed liability releases, restrictions on tax allowances for cancelled stock and even its future headquarters space, among other objections.
A North Dakota federal judge on Thursday found that oil and gas exploration company Enerplus Resources Corp. can recover $2.96 million in mistaken overpayments made to a Three Affiliated Tribes member and his former and current attorneys under a royalty interest deal.
A Williams Partners LP unit on Wednesday urged the Federal Energy Regulatory Commission to reject a bid by Georgia landowners to halt a $472 million pipeline expansion, saying the commission has no authority to act on a recent executive order requiring new pipelines be manufactured using U.S. materials.
An Oregon federal judge on Wednesday tossed a suit from an environmental group alleging that 23 dams maintained by U.S. Army Corps of Engineers and other federal government entities may affect the habitat of the bull trout, finding that the case was moot.
North Dakota and a coalition of energy companies told the Eighth Circuit on Wednesday that they should receive $1.3 million in attorneys’ fees and costs awarded by a lower court for prevailing in the appeal of a decision invalidating Minnesota’s restrictions on out-of-state coal-fired power plants, arguing the figure was justified and mentioning that the other side was sanctioned.
The U.S. Equal Employment Opportunity Commission accused a Houston-based manufacturer of fracking equipment Wednesday of firing a black employee after he reported his colleagues for donning a white hood that resembled Ku Klux Klan regalia, rather than disciplining his colleagues.
Three Pennsylvania environmental groups were again foiled in their bid to stop construction on Sunoco Logistics' Mariner East 2 pipeline after the state’s Environmental Hearing Board on Thursday declined to reconsider a decision that allowed work on the 350-mile project to begin.
The Oglala Sioux Tribe has asked the D.C. Circuit to review the environmental assessment and license given to the operators of the Dewey-Burdock In-Situ Uranium Mine in South Dakota, saying that the approval process did not follow the National Environmental Policy Act or a number of other federal laws.
Sweden-based EQT Partners AB has closed its third infrastructure-focused fund after bringing in €4 billion ($4.23 billion) in less than six months, the firm said on Thursday, marking the fastest fundraise in EQT’s more than two decades in business.
The Ninth Circuit on Wednesday denied a request from oil and gas interests, Alaskan local governments and Native American tribes to reconsider a panel’s decision that the National Marine Fisheries Service reasonably relied on climate change projections to determine that an Arctic seal population would be endangered by the end of the century.
Officials for the Three Affiliated Tribes asked the Eighth Circuit on Tuesday not to sanction them for bringing a second appeal in Paradigm Energy Partners LLC’s lawsuit seeking to block them from interfering with the construction of a pair of pipelines underneath a lake on their land in North Dakota, saying their request for a review is not frivolous.
Post Oak Energy Capital LP is leading a $200 million equity commitment to oil and gas company Moriah Henry Partners LLC to fund developments in the core of the Midland Basin, in West Texas, the companies said Tuesday.
A British Virgin Islands-based raw materials company urged a Florida federal court Tuesday to reject alleged delay tactics by Venezuela's state-owned mining company, which says it wasn't properly served a petition to enforce an arbitral award in a dispute over iron ore contracts.
While the electricity and natural gas industries aren't panicking yet over the Federal Energy Regulatory Commission's recent loss of a quorum and lack of commissioner nominees on the horizon, experts say serious problems will arise if FERC's impotence isn't rectified before the end of this summer.
Bankrupt oil fleet operator Toisa Ltd. announced Tuesday that, through a negotiated court order, it has regained control of a tanker vessel that had been seized by secured lender Citibank NA, allowing operations to continue in full while the debtor puts together a Chapter 11 restructuring plan.
Boies Schiller Flexner LLP and Kahn Swick & Foti LLC lawyers who reached a $100 million investor settlement with Halliburton over its asbestos liability disclosures told a Texas federal court Tuesday they would seek up to $40.8 million after a decade's litigation and two trips to the U.S. Supreme Court.
Union Pacific and BNSF asked a D.C. federal court Wednesday to force William Koch, CEO of Oxbow Carbon & Minerals LLC, to produce documents that the railway companies claim will undermine key allegations made by Oxbow in its price-fixing suit against them.
Baker Botts LLP has hired nine partners experienced in tax, private equity, energy and mergers and acquisitions from Norton Rose Fulbright to join its Houston, Texas, office, including the leaders of several of its transactional and tax practices.
The Alliance of Automobile Manufacturers on Tuesday urged the U.S. Environmental Protection Agency to withdraw a final rule governing greenhouse gas emissions standards for 2022 through 2025 model year cars and light trucks, arguing the agency improperly rushed to take action before President Donald Trump took office.
The Public Utility Regulatory Policies Act was enacted in 1978 to encourage development of alternative energy resources. But PURPA's opponents want to see it amended or repealed. With the law’s supporters staying relatively quiet, calls for reform may gain traction with the new Congress and the Trump administration, say attorneys from Crowell & Moring LLP.
We all recognize that cutting or copying text from earlier works and pasting it into new documents saves attorneys time. However, with this increase in speed comes an increased risk of making, or not catching, errors, says Robert Lang of D’Amato & Lynch LLP.
Unmanned aerial vehicles are being adapted for a myriad of commercial purposes, by a range of industries including entertainment, energy, farming, real estate, telecommunications, shipping and construction. But as drone usage proliferates, manufacturers and distributors must be cognizant of product liability risks, safety standards, technological developments, and changing insurance coverage requirements, says Nathan Bohlander of M... (continued)
Detractors of litigation funding have strained to characterize a recent decision from a California federal court as significant headway in their crusade against the litigation funding industry. However, in truth, this is a victory for both the industry and those in need of capital to bring meritorious claims against wrongdoers in an often prohibitively expensive legal system, say Matthew Harrison and Priya G. Pai of Bentham IMF.
In a recent settlement with the Federal Energy Regulatory Commission, energy supplier GDF Suez paid the largest penalty levied by the agency in almost four years. This reflects FERC’s pursuit of “gaming” of wholesale electric markets through strategies that technically comply with rules, but are allegedly inconsistent with their purpose, say David Applebaum and Todd Brecher of Akin Gump Strauss Hauer & Feld LLP.
The Butte County, California, sheriff recently ordered the evacuation of more than 180,000 people in the communities surrounding the Oroville Dam after officials spotted severe erosion in its emergency spillway. Although other avenues may exist to pursue liability against the agencies involved in management of the facilities, those agencies might avoid state tort liability on preemption grounds, says Brett Moore of Haight Brown & Bonesteel LLP.
The most recent installment of the U.S. Department of Energy’s Quadrennial Energy Review includes a number of recommendations for physical and cybersecurity protection of the nation's power infrastructure. Although the report recommends developing and implementing "necessary" security measures, it provides limited details in some areas, and does not identify revenue sources for some initiatives, say attorneys from Husch Blackwell LLP.
While President Donald Trump’s recent executive order reducing regulations may seem appealing in its simplicity, the White House has provided agencies with little guidance on its implementation, instructing them to call the Office of Management and Budget with questions. Yet the OMB's ability to provide answers will be impaired by a lack of clear legal standards, say Laurence Platt and Joy Tsai of Mayer Brown LLP.
On the campaign trail, candidate Donald Trump attacked the Joint Comprehensive Plan of Action agreement regarding Iran’s nuclear program. But he suggested that rather than tearing the deal up, he would seek to improve it. One possible approach would be to engage in brinksmanship related to the statutory sanctions waivers President Obama issued in implementing the deal, says Anthony Rapa of Steptoe & Johnson LLP.
Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.