Oklahoma Attorney General Sues Natural Gas Companies Over 2021 Winter Storm Price Hikes

The lawsuits target two Texas-based companies for allegedly manipulating gas supplies and driving up prices during the severe weather event.

Oklahoma's Attorney General Gentner Drummond filed lawsuits against ET Gathering & Processing and Symmetry Energy Solutions, claiming fraudulent practices during Winter Storm Uri.
The legal action marks the first by the state against natural gas operators concerning the 2021 storm's profit surges.
Drummond accuses the companies of using tactics to artificially reduce natural gas supplies, leading to inflated prices affecting millions.
Symmetry Energy Solutions denies the allegations, stating it will defend against the claims vigorously.
Other states, including Kansas and Texas, have also taken legal steps related to the natural gas market's behavior during the same storm.