• 6 minutes U.S. Shale Oil Debt: Deep the Denial
  • 12 minutes Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 17 minutes WTI @ $75.75, headed for $64 - 67
  • 2 hours Trump vs. MbS
  • 41 mins Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 3 hours Why I Think Natural Gas is the Logical Future of Energy
  • 3 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 30 mins A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 8 hours Get on Those Bicycles to Save the World
  • 14 hours Can “Renewables” Dent the World’s need for Electricity?
  • 1 day The Dirt on Clean Electric Cars
  • 14 hours Satellite Moons to Replace Streetlamps?!
  • 1 day Owning stocks long-term low risk?
  • 5 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 17 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 8 hours Can the World Survive without Saudi Oil?
Alt Text

Russia To Resume Gas Imports From Turkmenistan

According to Aleksei Miller, Gazprom’s…

Alt Text

How The Trade War Could Benefit Australian Gas

As the U.S.-China tit-for-tat tariff…

Jen Alic

Jen Alic

 

More Info

Trending Discussions

Frackers Under Scrutiny for Buying Silence

An investigative report from Bloomberg news agency claims that US oil and gas companies are signing quiet settlements over individual lawsuits in which they pay large sums to keep the cases silent.

Bloomberg interviewed one couple who sued Range Resources Corp (RRC) two years ago claiming that natural gas drilling near their home was causing headaches, burning eyes and sort throats.
According to the report, Range Resources and two other companies involved in the lawsuit agreed to pay $750,000 with plenty of strings attached. Among the strings, according to court filings, was the plaintiffs’ promise not to tell anyone.

The news agency’s theory is that this is becoming a trend, with other companies involved in hydraulic fracturing in a number of US states agreeing to similar “silent settlements”.

Related article: New US Energy Secretary will Make a Decision on LNG Exports by December

Bloomberg identifies this trend as an attempt to keep negative data about fracking from regulators, policymakers, health officials and the media. 

“At this point they feel they can get out of this litigation relatively cheaply,” Marc Bern, an attorney with Napoli Bern Ripka Sholnik LLP in New York who has negotiated about 30 settlements on behalf of homeowners, told Bloomberg.

By. Jen Alic of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News