Misrepresentation, Fraud, Oil & Gas

Scribner’s Error: A Cautionary Tale of Oil & Gas Fraud

Gray Reed on 3/12/2025

DALF Energy, LLC v. GS Oilfield Services addresses a fiduciary’s deceptive actions in oil and gas transactions. The Fifth Circuit held: self-dealing may constitute a breach of fiduciary duty even when the principal is...more

ExxonMobil Wins Climate Change Securities Battle Against New York but the War Continues

Bennett Jones LLP on 12/17/2019

More than four years of contentious litigation concluded this month when the Supreme Court of the State of New York released its judgment in the People of the State of New York v Exxon Mobil Corporation. The Court found...more

Summary of Actions Against Exxon Mobil for Securities Fraud

Bennett Jones LLP on 1/31/2019

Since 2013, investors in Exxon Mobil Corporation ("Exxon") stock have consistently shown an interest in understanding how the effects of climate change will impact their investment. Over the years, in response to these...more

An Oil Patch Morality Play – Part 2

Gray Reed on 8/2/2017

We recently discussed Freeman v. Harleton. The opinion shows the transaction as a bunco job. Here’s more: Bufkin and Wayne Freeman have done business together since the 1980s. They had a co-development agreement with...more

Louisiana Lessee Could be Liable for Withholding Information

Gray Reed on 2/18/2015

A Quiz - You are in Louisiana and are described as having a “lesion beyond moiety”. What do you do? A. Contact your primary care physician for an appointment...more

SEC Charges Oil and PR Firms And Their Executives With Fraud

Dorsey & Whitney LLP on 8/5/2014

An energy company, its CEO and the firm’s public relations adviser and its president were named in a fraud action by the SEC centered on false representations concerning oil reserves for a property in Columbia. The...more