Simien & Simien, LLC

CALL US TOLL FREE

(800) 374-8422

TX Energy Firms Agree on Settlement in Coastal Erosion Lawsuit

Two Texas energy firms are the first to wave the white flag and settle a massive lawsuit that accused nearly 100 oil and gas companies of directly contributing to coastal erosion. The firms settled with the New Orleans-area Levee Authority on Nov. 4.

White Oak Operating Co. and Chroma Operating settled with the Southeast Louisiana Flood Protection Authority-East, but the details of the settlement have not been released. Officials have said that they plan to use all the monies paid by the companies for coastal restoration. In fact, it could be used to fund the state's 50-year, $50 billion Coastal Master Plan.

Another hearing is scheduled in mid-November that could decide if the lawsuit against 95 other companies will continue in federal courts or be stopped by a new state law aimed at killing similar lawsuits. Senate Bill 469 was signed last year by Gov. Jindal; the law puts a limit on which government agencies can file lawsuits for damage done by oil and gas companies.

Although a state judge has ruled that the new law does not apply to the flood authority, a federal judge is not necessarily bound by the ruling.

The two companies that settled with the New Orleans-area levee authority are small players in the energy sector when compared to others involved in the lawsuit, such as BP and Exxon. Many more companies could choose to settle as the legal costs to go to court could outweigh the cost of a settlement.

No Comments

Leave a comment
Comment Information
FindLaw Network
EMAIL US FOR A RESPONSE

Free Case Evaluation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

If you are looking for a law firm that has knowledge and experience, you will find it with Simien & Simien, LLC.

Free Case Evaluation

OUR OFFICES

Baton Rouge
7908 Wrenwood Blvd
Baton Rouge, LA 70809

Toll Free: 800-374-8422
Phone: 225-224-2222
Fax: 225-932-9286
Map & Directions

Lake Charles
Capital One Tower
Suite 1270
One Lakeshore Dr.
Lake Charles, LA 70629

Toll Free: 800-374-8422
Phone: 337-436-2121
Map & Directions

New Iberia
424 West Main St
New Iberia, LA 70560

Toll Free: 800-374-8422
Phone: 337-551-4242
Map & Directions

Nationwide (800) 374-8422