Baltimore sues shale producers in price-fixing class action in US court
By Mike Scarcella August 26, 2024 reuters.com
Aug 26 (Reuters) - The city of Baltimore has hit major U.S. shale oil producers including Hess and Permian Resources with a lawsuit alleging they conspired to curb production, leading to higher prices for gasoline, diesel fuel and heating oil.
The proposed class action was filed on Saturday in New Mexico federal court, where a panel of U.S. judges this month consolidated more than a dozen lawsuits accusing seven shale producers of participating in a price-fixing conspiracy.
Defendants:
PERMIAN RESOURCES CORP. f/k/a CENTENNIAL RESOURCE DEVELOPMENT, INC.,
CHESAPEAKE ENERGY CORPORATION,
CONTINENTAL RESOURCES INC.,
DIAMONDBACK ENERGY, INC.,
EOG RESOURCES, INC.,
HESS CORPORATION, OCCIDENTAL PETROLEUM CORPORATION,
PIONEER NATURAL RESOURCES COMPANY
Link to suit: https://storage.courtlistener.com/recap/gov.uscourts.nmd.505981/gov...
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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of) nor local residents appear to have received any compensation for the minerals extracted from their land.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42
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