In another dispute over insurance coverage related to the Macondo Well blowout (a/k/a Deep Water Horizon incident),1 the Texas Supreme Court held that an endorsement reducing a policy’s limits for “liability” stemming from a...more
2/6/2019
/ BP ,
Duty to Defend ,
Indemnification ,
Insurance Claims ,
Insurance Litigation ,
Joint Venture ,
Liability ,
Oil & Gas ,
Policy Limits ,
Policy Terms ,
TX Supreme Court ,
Well Drilling
The 2012 Macondo Well blowout and Deepwater Horizon rig explosion gave rise to a slew of lawsuits. Our subject today is one of them. ...more
10/9/2018
/ Appeals ,
BP ,
Clean Water Act ,
Energy Sector ,
Excess Policies ,
Indemnification ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Joint Liability ,
Liability Insurance ,
Multidistrict Litigation ,
Oil & Gas ,
Oil Pollution Act of 1990 (OPA 90) ,
Policy Terms ,
TX Supreme Court ,
Underwriting
In BP America v. Laddex, Ltd. the Texas Supreme Court affirmed that in a lease termination case the trial court cannot limit the jury’s consideration of production in paying quantities to an arbitrary time period. The court...more
We recently discussed failure to produce in paying quantities. Another decision involving the same lessee had a different result. Why? The question in both cases was whether the well was capable of producing in paying...more
One consequence of falling oil prices is leases that cease to produce in paying quantities. The producer’s question: How soon must the well return to profitability? The answer in BP American Production Company v. Laddex, Ltd....more
Oh, how a simple Favored-Nations clause in an oil and gas lease can get complicated, with large financial consequences! In BP America Production Company v. Zaffirini, BP paid Solis a $1,300 per acre bonus for a lease covering...more
BP’s woes from the Deepwater Horizon disaster in the Gulf continue. The federal Fifth Circuit in In re: Deepwater Horizon, withdrew an opinion of a three-judge panel and certified questions for consideration by the Supreme...more