Texas Justices Keep Noble on the Hook for the $63 million Indemnity
The Texas Supreme Court on Friday declined to revisit its decision that Noble Energy Inc. has to indemnify ConocoPhillips in connection with the $63 million in environmental cleanup costs despite arguments that Noble’s predecessor wasn’t properly told about the indemnity agreement.
Texas Justices Say Noble Can’t ditch $63M Cleanup Indemnity
The Texas Supreme Court on Friday held Noble Energy Inc. must indemnify ConocoPhillips for $63 million in environmental cleanup costs under an indemnity agreement that wasn’t disclosed when Noble’s predecessor bought oil and gas assets during a Chapter 11 bankruptcy.
Richard Mithoff was lead attorney for ConocoPhillips
Mineral Owner Sues Marathon Oil Corp. Over Royalty Payments
A Karnes County mineral owner has sued Marathon Oil Corp. to figure out whether the company is paying royalties correctly — a common lawsuit in South Texas’ 400-mile Eagle Ford Shale oil field and one that’s in the rise.
Karnes County Landowners Turn to Court for Answers About Marathon Oil’s Royalty Payments
A Karnes County family has filed a lawsuit to get records from Marathon Oil Corp. to determine whether the company properly paid royalties for oil and natural gas leases on their land.
John and Kelly Foster filed their lawsuit before Judge Donna Reyes with the 81st State District Court in Karnes County on Wednesday morning, and Marathon Oil (NYSE: MRO) officials had not been served the lawsuit as of Wednesday afternoon.
Appeals Court Rules in Favor of ConocoPhillips
ConocoPhillips Wants $63 million settlement reimbursed by Noble Energy HOUSTON — A state appeals court in Houston agreed Wednesday with ConocoPhillips that Noble Energy owes responsibility to indemnify, or reimburse, ConocoPhillips with respect to a $63 million settlement for an environmental claim for damage to an oil field in Cameron Parish, Louisiana. Handling the case for ConocoPhillips was The Mithoff Law firm — Richard Mithoff, Sherie Beckman and Warner Hocker; from Baker-Botts Tom Phillips and Macey Stokes, Ben Geslison and Omar Alanz.
Fifth Circuit Revives Int’l Paper Offshore-Drilling Waste Suit
Mithoff Law Pleased With Court’s Ruling; Expect Case to Return to Trial Court
BP Sued by Vantage for $265 Million Jump in Costs
Vantage Drilling Co. sued a BP Plc unit over what it claims was a $265.5 million increase in financing costs stemming from the 2010 Gulf of Mexico oil spill.
Natural gas dispute settled
More than $200 million in natural gas will not be trapped under Hutchinson County after two companies reached agreement in Austin.