No Sign $310M Utah Mineral Rights Sale Fixed, Judge Says

Law360 (April 13, 2018, 7:41 PM EDT) -- A Colorado federal judge ruled Thursday that two companies auctioning drilling assets in Utah failed to present any evidence at trial that an oil and gas exploration company convinced a competitor majority-owned by the Ute Tribe to stay out of bidding in what would become a $308 million sale in 2011.

Senior U.S. District Judge Wiley Y. Daniel found no evidence of bid-rigging by Newfield Production Co., noting it paid more than the assessed value of the mineral rights to about 70,000 acres in the Uinta...
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Case Information

Case Title

Branta, LLC et al v. Newfield Production Company


Case Number

1:15-cv-00416

Court

Colorado

Nature of Suit

Contract: Other

Judge

Wiley Y. Daniel

Date Filed

February 27, 2015

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