May 27, 2018 8:13 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Repsol Oil & Gas USA LLC

Company Overview

Repsol Oil & Gas USA LLC owns and operates gas extraction operations. Repsol Oil & Gas USA LLC was formerly known as Talisman Energy USA Inc. The company was incorporated in 2002 and is based in Horseheads, New York. Repsol Oil & Gas USA LLC operates as a subsidiary of Repsol Oil & Gas Holdings USA Inc.

337 Daniel Zenker Drive

Horseheads, NY 14845

United States

Founded in 2002





Key Executives for Repsol Oil & Gas USA LLC

Vice President of Corporate & Investor Communications
Compensation as of Fiscal Year 2017.

Repsol Oil & Gas USA LLC Key Developments

Texas Oil, Gas Royalty Owners Seeks Class-Action Status in Suit Against Talisman Energy USA, Inc

Talisman Energy USA Inc. announced that Royalty owners are seeking class-action status in a lawsuit against Talisman Energy USA Inc. over claims the company manipulated production volumes for wells operated in the Eagle Ford shale basin in South Texas. Attorneys for plaintiffs Rayanne Regmund Chesser, Gloria Janssen, and Michael and Carol Newberry filed a motion Jan. 22, 2018, seeking class certification in U.S. District Court for the Southern District of Texas and named lawyers Bryan O. Blevins Jr. and Mike Hamilton of Provost Umphrey Law Firm, L.L.P., to represent the class. The lawyers estimate approximately 4,000 royalty owners could be involved. The lawsuit charges that from Jan. 1, 2013, to June 1, 2016, Talisman failed to report, account for and make royalty payments based on its lease agreements. In addition, the company is accused of altering wellhead production volumes by as much as 20% and paying royalties based on estimated sales volumes instead of the actual amount of oil or gas sold or saved. In 2010, Talisman entered the Texas oil and gas market in a joint venture with Statoil. In July 2013, the agreement was revised, with Statoil assuming half the well operations and Talisman operating the other half. Shortly after that, royalty owners noticed a difference in reported production volumes from Talisman compared to Statoil.

Talisman Energy USA Inc Faces Federal Lawsuit over Unpaid Oil, Gas Royalties

Attorneys representing oil and gas royalty owners with interests in the Texas Eagle Ford Shale have filed a federal lawsuit against Talisman Energy USA Inc. based on claims that the company manipulated oil and gas production volumes by as much as 20% to 30% and consistently shorted royalty payments. Attorneys from Provost Umphrey Law Firm, L.L.P., are representing Eugene and Kimberly Cran of DeWitt County in their claims against Talisman. The lawsuit filed on Oct. 3 includes claims against Talisman for breach of contract, fraud, conversion and unjust enrichment, among others. A jury trial has been requested by Mr. and Mrs. Cran, who are represented by attorneys Bryan O. Blevins Jr. and Michael Hamilton of Provost Umphrey in Beaumont, Texas, and Ernest Freeman and Stephen Scholl of The Freeman Law Firm, P.C.

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Recent Private Companies Transactions

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