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Texas Justices Say Noble Can't ditch $63M Cleanup Indemnity

June 26, 2017

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

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