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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