A settlement deal has received final approval by the federal judge presiding in a lawsuit against BP by tens of thousands of individuals and businesses affected by the Gulf of Mexico oil spill in 2010. It is estimated that BP…
A settlement deal has received final approval by the federal judge presiding in a lawsuit against BP by tens of thousands of individuals and businesses affected by the Gulf of Mexico oil spill in 2010. It is estimated that BP…
Chesapeake Energy Corp. has had a difficult year. The Oklahoma City-based oil and natural gas producer has endured lawsuits from landowners, a plummeting stock price, a scandal involving its board chairman, and ongoing state and federal probes into the company.…
Longview Energy Company, a Dallas-based oil and gas company, has been awarded a $162 million verdict by a South Texas jury that determined that two of the corporation’s directors had been unjustly enriched through the abuse of their authority over…
A recent Texas oil and gas appeals case taught a hard lesson to an unsuspecting landowner. In Aston Meadows v. Devon Energy, Aston Meadows had purchased approximately 182 acres in Tarrant County. Unknown to them, Devon Energy held an oil,…
The Eagle Ford shale in south Texas is one of the latest oil and gas hotspots. Estimates predict that billions of dollars of oil and gas will be produced from this very thick layer of rock. Production has almost quadrupled…