Tuesday, August 6, 2013

Cherry Canyon files class action suit against hydraulic fracturing equipment suppliers

On July 31, 2013, amidst the DOJ anti-trust investigation of pressure pumping and oil field equipment suppliers, Halliburton, Schlumberger and Baker Hughes, Cherry Canyon Resources, a pressure pumping equipment purchaser, initiated a class action lawsuit against the suppliers under the Sherman Anti-Trust Act. Cherry Canyon filed its complaint in the United States District Court for the Southern District of Texas. Among the allegations, Cherry Canyon claims that the Defendant suppliers “shared a conscious commitment to a common scheme designed to achieve the unlawful objective of artificially fixing, raising, pegging, maintaining, and stabilizing the price and output of Fracking Pressure Pumping Services” in the United States from May 2011 to the present. According to the complaint and news sources, the Defendants, collectively, control over 60% of the market for pressure pumping services in North America.

For more information on the suit, the complaint can be retrieved from pacer.gov, searching under the United States District Court for the Southern District of Texas, 2:13-cv-00238.

Written by: Garrett Lent, Research Assistant
Agricultural Law Resource and Reference Center
August 2013

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