{ "s": "INDEX:DOWI", Continental filed its notice of appeal in July 2017, and the U.S. Court of Appeals for the Eighth Circuit ruled against Continental on Aug. 20 of this year. Stockpiles Fell More Than Expected, Finning International reports third-quarter profit and revenue up from year ago, First EAGE Digitalization Conference and Exhibition 2020, World Energy Capital Assembly (WECA X 2020), Operational Excellence in Energy, Chemicals & Resources 2020 - Online, Williston Basin Petroleum Conference 2021, Canada Gas & LNG Exhibition and Conference 2021, Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC 2021). ", Have a confidential tip for our reporters. The jury awarded Janvrin his full request for compensatory and punitive damages. “One day we were going great guns, and the next day we were completely out of business,” Janvrin recalled Friday. }, Back on April 20th, when you were hopefully stoned out of your mind, Continental Resources quietly filed a lawsuit against one of their former attorneys – Blaine Dyer; a former landman for the company – Justin Biggs; and about 48 other people, LLCs, local musicians, etc., from Oklahoma and Texas alleging they all worked together to cheat the company out of $5 million via what one Ogle … Casillas could not immediately be reached for comment on the suit, filed on April 15, which asks the court to order Continental to complete the purchase and pay Casillas attorneys’ fees and other costs. Janvrin sued Continental Resources in 2014 for cutting him out of the trucking business in the Bakken oilfield of North Dakota. { }. CJ-2020-1346. Another way to prevent getting this page in the future is to use Privacy Pass. On March 24, Casillas said Continental sent a letter attempting to terminate the deal, citing issues that included alleged wastewater incidents. "symbols": [ ] { "symbolActiveColor": "#F2FAFE", Market quotes are powered by Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. It’s the latest example of an oil and gas deal running into snags amid the unprecedented plunge in crude prices. HOUSTON (Bloomberg) --Continental Resources Inc. is being sued by a closely held oil driller that accused the shale giant of walking away from a $200 million deal following an historic collapse in crude prices. "d": "NASDAQ 100 Index" Continental Resources still paying in $60 million royalty lawsuit settlement May 1, 2019 Oklahoma City’s Continental Resources Inc. revealed in a SEC filing this week it is paying tens of millions of dollars to settle a class-action that alleged underpayment of royalties in Blaine County, Oklahoma. Janvrin, who called himself an “old bachelor rancher,” said he hasn’t made any decisions about what to do with the money. "d": "USD Index" }, • On Monday, BP agreed to restructure a $5.6 billion sale of Alaska oil properties to Hilcorp Energy. “Almost immediately after the execution” of the contract, Continental sought to delay the closing that was set for the end of March, Casillas said in the suit filed in Tulsa County District Court in Oklahoma. All quotes delayed a minimum of 15 minutes. "s": "NYMEX:CL1! "s": "UKOIL", "belowLineFillColorGrowing": "rgba(60, 188, 152, 0.05)", A jury awarded Janvrin compensatory and punitive damages at the conclusion of a 2017 trial. Shale producers Alta Mesa Holdings and Devon Energy accepted lower prices for pending asset deals. Founder Harold Hamm, an early supporter of U.S. President Donald Trump, has urged Washington to impose tariffs on foreign oil imports and pushed for federal support of the oil industry. Daily Energy Market Summary #148 – October 29th, 2020. Janvrin formed J&J Trucking in 2010. "tabs": [ On March 19, it disclosed a 55% reduction in 2020 spending and three weeks later suspended its dividend and reduced output by 30% for April and May. "belowLineFillColorFalling": "rgba(255, 74, 104, 0.05)", All material subject to strictly enforced copyright laws Please read our Terms & Conditions, Cookies Policy and Privacy Policy before using the site. TradingView.com Janvrin had employed up to 29 people, many of them local ranchers who used the jobs to help pay bills on their ranches. A Continental supervisor in the company’s Harding County field office was miffed about the article. { Continental Resources Inc v. Plains Exploration & Production Company et al Western District of Oklahoma, okwd-5:2004-cv-01681 ORDER granting in part and denying in part {{79}} Plaintiff's Motion for Partial Summary Judgment, granting in all respects {{77}} Defendants' Motion for Partial Summary Judgment, AS MORE FULLY SET OUT. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. The case is Casillas Petroleum Resource Partners v Continental Resources, Tulsa County Oklahoma district court, No. It’s the latest example of an oil and gas deal running into snags amid the unprecedented plunge in crude prices. One of the region's largest producers, Whiting Petroleum, has declared bankruptcy, while another leader, Continental Resources, had to shut in nearly all its wells because they were losing money. On March 24, Casillas said Continental sent a letter attempting to terminate the deal, citing issues that included alleged wastewater incidents. Shale producers Alta Mesa Holdings and Devon Energy accepted lower prices for pending asset deals. But Continental got cold feet and proposed to postpone the closing due to “changes in the oil and gas markets,” and then terminated the agreement on March 24 citing title and other problems, the lawsuit alleged. Continental Resources did not respond to a request for comment. "d": "Light Crude Oil Futures" Casillas could not immediately be reached for comment on the suit, filed on April 15, which asks the court to order Continental to complete the purchase and pay Casillas attorneys’ fees and other costs. • BP Plc was forced to renegotiate the terms of a sale of its Alaska business to Hilcorp Energy Co., and Devon Energy Corp. had to revise its sale of North Texas shale assets to Banpu Kalnin Ventures LLC. His firm recently declared force majeure on certain sales contracts. Performance & security by Cloudflare, Please complete the security check to access. “I remember I was sitting on the rear end of one of those trailers, and I just couldn’t believe it.”. But Continental got cold feet and proposed to postpone the closing due to “changes in the oil and gas markets,” and then terminated the agreement on March 24 citing title and other problems, the lawsuit alleged. Crashing oil prices have upset several deals in the process of closing. Help us to improve EnergyNow, Give us your feedback, Oil Gains With Market Rally, OPEC+ Hint of Delay to Output Hike, Archrock Reports Third Quarter 2020 Results, Frank’s International N.V. "plotLineColorGrowing": "rgba(61, 133, 198, 1)", "s": "USOIL", "d": "DOW Industrials" Most of J&J Trucking’s business came from CTAP LLC, an equipment supplier with a location in Bowman, North Dakota. } Four hours after Janvrin’s comments were published in the newspaper, a CTAP official called to tell him that CTAP would no longer do business with J&J Trucking.