According to the lawsuit filed by Casillas Petroleum, Continental first proposed a delay in the closing date of the deal. Anyway, you can read more about the lawsuit and all the fun stuff over at OSCN.net. }. Those who live outside of Utah For example, Issue III-A requests the trial court define a "marketable product in relation to the sale or disposition of natural gas. 20 Moreover, Plaintiffs cannot establish that certifying the accounting claim is appropriate under 2023(B)(1) and/or (B)(2). The mineral interests were included in governmentally-sanctioned drilling and spacing units. If the defendant is found liable, courts adopting this approach then decide whether to certify a (b)(3) class for money damages purposes and/or an additional (b)(2) class for final injunctive relief." 32 As a result, highly individualized and fact-intensive review of each Class Members' claim would be necessary to determine if Continental underpaid oil or gas royalties. Notably, Plaintiffs have alleged millions of dollars in underpayment of oil and gas royalties. " Homesales, 2014 OK 88, at 13, 339 P.3d at 884. of Educ. Screwing your employer and working a flawed system to your financial advantage is unethical and wrong! That being said, let's give these people the benefit of the doubt. In a lawsuit it filed on April 20, 2020, Continental Resources accused Dyer and numerous co-conspirators of workingwith at least one of its employeesto cheat the company out of millions of dollars through a series of fraudulent, disguised transactions using Continentals most confidential business information involving its future drilling plans. Seznam rozhleden v okol luknovskho vbku v esk republice a v Nmecku. Co., 2007 OK 80, 1 fn.3, 184 P.3d 463, 467 fn. Continental Resources Inc. filed a civil lawsuit accusing a title lawyer and a former employee of improperly using the company's confidential drilling information to acquire mineral blocks Continental intended to pursue and resell them to Continental at higher prices. (Reuters) - Casillas Petroleum Resource Partners sued Continental Resources Inc, alleging the Oklahoma shale producer last month backed out of a $200 million oil and gas deal as prices crashed. Your California Privacy Rights / Privacy Policy. I concur and write specially to add that this Opinion does not foreclose consideration of forming a class utilizing the provisions of 12 O.S. 446, 456 (W.D. Owner's share of the sales value attributed to such payment less owner's share of the production and severance taxes; and 1994); 1 McLaughlin on Class Actions 4:43 (13th ed.). The lawsuit asks for the Water Supply and Storage Company to pay for damage to the parks natural habitat and other damages. 2013) (citing Wood v. TXO Prod. Continental Resources pulled a lawsuit it had filed against the federal government seeking action on pending drilling permits. 19 Based on our review of the record and applicable law, there has been no legal determination that a violation of the provisions of the PRSA has occurred such that specific performance would be equitable, i.e., there is a factual dispute such that liability has not been established rendering an accounting equitable at this time. Eng'rs, 216 F.3d 577 (7th Cir.2000); Bynum v. D.C., 214 F.R.D. latest-news-headlines U.S. crude futures prices have tumbled, with coronavirus-related lockdowns and travel restrictions souring demand as OPEC and other producers waged a price war, sending oil to $13 a barrel this month from $61 at the start of the year. Continental is an oil and gas company and was a working interest owner and operator that drilled and completed producing wells in such units. Continental Resources is a ruthless company, and we can't just take their word for granted. Who knows? Maybe Blaine Dyer is innocent of all charges, or better yet, is some Robin Hood of the oil and gas world, stealing from the rich and giving back to the poor a kind, compassionate, selfless man who only wants to help those in need! Subscribe to our FREE weekly newsletter and stay current on the latest in oil and gas news on the most active areas, including the Scoop and Stack Plays. 2003); Stoffels v. SBC Commc'ns, Inc., 238 F.R.D. Back on April 20th, when you were hopefully stoned out of your content Patrick is the founder, editor and publisher of The Lost Ogle. WebArea Agencies on Aging (AAAs) are local aging programs that provide information and services on a range of assistance for older adults and those who care for them. Mittelstaedt, 1998 OK 7, at 2, 19-20, 954 P.2d at 23 (emphasis added). Subscribe to our FREE weekly newsletter and stay current on the latest in oil and gas news on the most active areas, including the Scoop and Stack Plays. herculoids gloop and Earlier this month, Continentalsaidit plans to cut its April and May production by around 30 percent. Mitchell Talks Energy, Commissioner Anthony disgusted at putting reins on outside expert, Oklahoma regulators decide to use outside expert in reviewing utility fuel costs. WebLocation of This Business. The lawsuit states that industry analysts have set their target price of Continental shares higher than $70, with some analysts The suit claims a Continental Resources representative gained access to its offices leased space inside a for-sale building owned by Dyers law firm by fraudulently posing as a potential out-of-state buyer. Well, he's not. On Monday, BP agreed to restructure a $5.6 billion sale of Alaska oil properties to Hilcorp Energy. 3. Krug v. Helmerich & Payne,Inc., 2013 OK 104, 34, 320 P.3d 1012, 1022 (Harvell, 2006 OK 24, at 18, 164 P.3d at 1035). 2006); Lemon v. Int'l Union of Op. 29 Additionally, the record provides there are more than 1,100 class wells located in over 35 counties in Oklahoma and that Continental sold production under more than 190 different gas purchase contracts over a period going back to 1993. On November 22, 2022 we declared independence. This site is protected by reCAPTCHA and the Google, Oklahoma Court of Civil Appeals Decisions. The civil suit filed by Continental Resources against Dyer and numerous other defendants was highlighted by a story published last week in The Oklahoman after the oil and gas company visited a property Dyer had listed for sale, prompting one of Dyers tenants to file a lawsuit against Continental in May. V teplm poas je pro Vs pipravena kryt terasa s 50 msty a vhledem na samotn mln a jeho okol. 2 The record alternatively provides over 17,000 royalty owners. On Thursday, a spokesperson for the Oklahoma City-based operator confirmed it had withdrawn a case it filed last month involving the pending permits requested of theBureau of Land Management, part of the U.S. Department of Interior. Total amount attributed to such payment of severance and other production taxes, with the exception of windfall profit tax; 7 In Harvell, 2006 OK 24, at 26, 164 P.3d at 1038, the plaintiffs filed a class action lawsuit against Goodyear Tire and Rubber Co., seeking certification of a national class action of consumers from 37 states who had paid Goodyear a shop supply fee from 1998. He testified that Dyer, who is named as a co-conspirator in a transcript involving Biggs pleading,had emailed him in December 2013, asking the landman to provide the attorney with Continental Resources information in exchange for a cut of money both Continental Resources civil suit and federal prosecutors claim the defendants obtained through their scheme. Rather, Plaintiffs assert the trial court should first resolve what the applicable law is relating to these "core" legal issues thereby "assisting in the advancement and resolution of this action." Id. Continental's lawyers, who I assume are big TLO fans, even cited the following tweet in an effort to expose something that we like to call in these parts the "Hefner Hypocrisy.". Masquat v. DaimlerChrysler Corp., 2008 OK 67, 10, 195 P.3d 48, 52- -53 (citing Harvell, 2006 OK 24, at 11, 164 P.3d at 1032). BLAINE COUNTY, OKLAHOMA, REVERSED AND REMANDED FOR FURTHER PROCEEDINGS, Douglas E. Burns, Terry L. Stowers, BURNS & STOWERS, P.C., Norman, Oklahoma and Certification pursuant to Rule 23(c)(4) is only proper if the requirements of Rule 23(a) and at least one of the categories of (b) are first met. By Accordingly, based on our review of the record and applicable law, Plaintiffs have not shown they are entitled to the requested accounting under the PRSA. According to federal court documents, Biggstestified in a plea petition thathe had worked for Continental Resources as a landman from March 2011 throughMarch 2020. Plaintiffs asserted, however, that Continental: 1) had refused to report to royalty owners the full consideration it received for the sale of oil and gas produced from class wells; 2) engaged in a barrel-back scheme with its affiliated companies; 3) refused to disclose to royalty owners deductions for gathering, compression, dehydration, and compressor fuel where such charges were embedded within the price which Continental received from the purchase of the gas; and 4) refused to report and pay royalty on skim oil and condensate. Patrick is the founder, editor and publisher of The Lost Ogle. 9 An order certifying a class action pursuant to 12 O.S.2011 and Supp. Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. However, its filings estimateit lost more than $5 million, over time. Civ. Biggs has not yet been sentenced, but he faces a maximum of five years of imprisonment or a fine of $250,000, or both, plus a term of supervised release that could last up to two years. Pro malou uzavenou spolenost mme k dispozici salnek s 10 msty (bval ern kuchyn se zachovalmi cihlovmi klenbami). Continental Resources quietly filed a lawsuit. He also testified that he had received and deposited four checks from co-conspirators as part of the scheme. Continental slammed the brakes on spending and oil production as prices nosedived. There is no indication in the record that adjudicating the separate claims of individual royalty owners would substantially impair or impede the ability of other royalty owners to protect their interest. Coatney is scheduled to appear at 2 p.m. All rights reserved. Ven host, vtme Vs na strnkch naeho rodinnho penzionu a restaurace Star mln v Roanech u luknova, kter se nachz v nejsevernj oblasti esk republiky na hranicch s Nmeckem. Section 570.14 provides: 17 Plaintiffs contend they are entitled to specific performance of an accounting because Continental has admitted violating 570.12: 1) by reporting the BTU adjustment on all wells for all owners at a fictional "1000" rather than the actual BTU adjustment for periods prior to July 1, 2010; and 2) by failing to report wellhead volumes on check stubs. In a lawsuit it filed on April 20, 2020, Continental Resources accused Dyer and numerous co-conspirators of working with at least one of its employees to cheat the Masquat, at 10, at 52-3 (citing Steven S. Gensler, Civil Procedure: Class Certification and the Predominance Requirement under Oklahoma Section 2023(B)(3), 56 Okla. L.Rev. Mich. Dec. 12, 2014); Houser v. Pritzker, 28 F. Supp.3d 222, 253 (S.D.N.Y. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets. On March 6, the day a supply pact by OPEC and allies collapsed, Continental agreed to buy oil and gas properties from Tulsa, Oklahoma-based Casillas. The crossroads of energy information for mineral owners in Oklahoma and Texas. FISCHER, P.J., concurs and RAPP, J., concurs specially. Today's non-award-winning Lost Ogle conduct is presented by HOOT Industries The Smartest Fun in Town! esgSubNav, Discover more about S&P Globals offerings, Global Economies in Flux: Drive Decisions with the Purchasing Managers Index (PMI) Data, The Natural Language Processing (NLP) Revolution and ChatGPT: An Introduction to the field, our latest research, and how Kensho is empowering businesses to make the most of these technologies, 10:00 - 11:00 am EST | 4:00 - 5:00 pm CET, Long Beach Convention & Entertainment Center. Nine times out of 10, that's code for he's a shady screwball with no ethics who will eagerly launch a clandestine operation to acquire another company's trade secrets, and then stupidly leave behind the text message receipts.