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FTC - Federal Trade Commission

05/14/2025 | Press release | Distributed by Public on 05/14/2025 13:54

XCL Resources Holdings, LLC et al, USA v. - The Federal Trade Commission announced that crude oil producers XCL Resources Holdings, LLC (XCL), Verdun Oil Company II LLC[...]

Last Updated
May 14, 2025
Case Status
Pending
UNITED STATES OF AMERICA,
Plaintiff,
v.
XCL RESOURCES HOLDINGS, LLC,VERDUN OIL COMPANY II LLC,
and EP ENERGY LLC Defendants
Docket Number
1:25-cv -00041
Federal Court
District of Columbia

Case Summary

The Federal Trade Commission announced that crude oil producers XCL Resources Holdings, LLC (XCL), Verdun Oil Company II LLC (Verdun), and EP Energy LLC (EP) will pay a record $5.6 million civil penalty to settle allegations they engaged in illegal pre-merger coordination, known as gun jumping, in violation of the Hart-Scott-Rodino Act (HSR Act).

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