New York Petroleum Corp. v. Ashland Oil, Inc.

JOHN W. PECK, Judge:

I. FACTS

This case stems from overcharges which New York Petroleum (New York) charged its crude oil customers between 1973 and 1975, in violation of then existing price regulations. New York incorrectly listed certain properties in Louisiana and Mississippi which it operated for the working interest owners as “stripper well leases” (properties which produce very little crude oil) and hence are exempt from price ceilings. On July 29, 1977, the Deputy Regional Administrator of Region VI of the Federal Energy Administration, the predecessor agency to the Department of Energy…