A Texas federal jury found that Apache Corp. did not breach its contract with W&T Offshore Inc., a Houston-based oil and gas producer, in a dispute that began in 2011.<\/p>\n
The jury verdict was accepted by the U.S. District Court for the Southern District of Texas, while allowing W&T to file any post-verdict motions.<\/p>\n
Apache Corp., an independent oil and gas exploration and production company, has operations in Canada and Egypt, in addition to the United States. W&T Offshore has operations in approximately 66 offshore fields in the Gulf of Mexico. W&T also has onshore operations in the Permian Basin of West Texas, but a substantial majority of the company’s operations are offshore.<\/p>\n
W&T filed the lawsuit against Apache, also based in Houston, in 2011, claiming that the energy company breached a processing contract and recorded inaccurate figures regarding how much processed oil was owed to W&T.<\/p>\n
Apache has now filed a countersuit claiming $31.5 (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A Texas federal jury found that Apache Corp. did not breach its contract with W&T Offshore Inc., a Houston-based oil and gas producer, in a dispute that began in 2011. The jury verdict was accepted by the U.S. District Court…<\/span><\/p>\n