February 16, 2012

SandBox Comments: Grand Junction Daily Sentinel "Oil, gas companies settle lease collusion case"

Dennis Webb:
"Two oil and gas companies have agreed to a settlement in which they will pay $275,000 each for collusion in bidding on federal oil and gas leases in western Colorado, the federal government says.

The Department of Justice today announced a proposed settlement with Gunnison Energy Corp., SG Interests I Ld. and SG Interests VII Ltd. This is the department’s first-ever challenge of an anticompetitive bidding agreement for mineral rights leases, it said in a news release.

It filed a civil antitrust complaint and the proposed settlement in court today...."  (Read more?  Click title)

"Unapologetically pursuing and tracking patterns within the news others make since 2010."

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