Justice Department, Antitrust Division
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Justice Antitrust Division Notice is hereby given pursuant to the Antitrust Procedures and Penalties Act, 15 U.S.C. 16(b)-(h) , that a proposed Final Judgment, Stipulation, and Competitive Impact Statement have been filed with the United States District Court for the District of ( printed page 7160) Columbia in United States of America v. XCL Resources Holdings, LLC, Verdun Oil Company II, LLC, and EP Energy LLC, Civil Action No. 1:25-cv-00041. On January 7, 2025, the United States filed a Complaint alleging that XCL Resources Holdings, LLC (“XCL”), Verdun Oil Company II, LLC (“Verdun”), and EP Energy LLC (“EP Energy”) (together “Defendants”) violated the notice and waiting period requirements of section 7A of the Clayton Act, 15 U.S.C. 18a , commonly known as the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act” or “Act”) by transferring beneficial ownership of EP Energy to XCL and Verdun during the waiting period, which constitutes gun jumping. The Proposed Final Judgment, filed at the same time as the Complaint, requires: (i) XCL and Verdun jointly and severally to pay a civil penalty in the amount of $2,842,188.50, and EP Energy to pay a civil penalty in the amount of $2,842,188.50 within 30 days of entry of the Final Judgment; (ii) Defendants to refrain from certain conduct as laid out in the Final Judgment; and (iii) Defendants to design, maintain, and operate a complianc…
Citation: 90 FR 7159
