Newspaper article THE JOURNAL RECORD
Welch, during a hearing on charges his company undercut tariff rates and kept inaccurate records, asked the commision to:
Define a terminal as to whether it is a permanent yard or wherever a truck is parked.
Merchants hires owner-operators to haul its transports and charges rates from where the truck is parked at night, usually the closest point to a well and a public disposal.
Complete an investigation of rate violations within 90 days.
Welch says the investigation of his company continued for 10 months.
Settle the question of a minimum fee to dump saltwater in a disposal well. A commission hearing officer has recommended a minimum of 20 cents per barrel be charged to prevent kickbacks and absorbtion of the fee by certain haulers.
Clarify its two-hour minimum fee for hauling.
Welch also called for uniform billing of hauling on point to point basis instead of hourly charges.
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Richland Resources Corp. has filed for reorganization under Chapter 11 of the federal bankruptcy laws.
The company's petition, filed Friday, listed $9.55 million in debt, including $3.8 million to Seattle First National Bank, $1.78 million to Chase Manhattan Bank, and $1.68 million to Commerce Bank-Founders Bank of Oklahoma City.
The oil and gas exploration company also listed smaller claims by Michigan National Bank, Lakeshore Bank and the Federal Deposit Insurance Corp.
Under trade claims, the petition listed $282,611 for the Kerr-McGee Corp, and $148,786 for Mesa Petroleum Corp.
Assets for the Oklahoma City-based company were listed as $871,000. …