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Tag Archives: settlement

Energy Future, creditors reach settlement over bankruptcy plan

Texas’s biggest power company, Energy Future Holdings Corp, has reached a settlement with the last group of creditors opposed to its Chapter 11 bankruptcy plan, increasing the likelihood the plan will be confirmed. The company said in court filings late Monday it had reached settlements with the official creditors committee of Energy Future Holdings, as well as a representative for ...

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Water violations for $50,000, please

Cabot Oil & Gas has agreed to pay a $50,000 settlement for breaching its water use regulations during December of last year. In order for drilling operations to begin for a gas well pad, a commission must approve the well first.  According to the Susquehanna River Basin Commission (SRBC), Cabot filed for approval in November for its Stellitano AP1 pad ...

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Energy giant CEO’s ex-wife to appeal $1B divorce

divorce paper

OKLAHOMA CITY— The ex-wife of multibillionaire energy tycoon Harold Hamm plans to appeal a court ruling that awarded her nearly $1 billion in a divorce settlement, according to her attorney. An Oklahoma County judge awarded $995.4 million this week to Sue Ann Hamm, who was married for more than 20 years to Continental Resources Inc. CEO Harold Hamm before she ...

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Ebola victim’s family, hospital reach settlement

Josephus Weeks, nephew of Thomas Eric Duncan,

DALLAS–The hospital that treated the only Ebola patient to die in the United States will pay his relatives an undisclosed sum and create a charitable foundation in his name, the family’s attorney said Wednesday. The agreement heads off a lawsuit from relatives of Thomas Eric Duncan, who died Oct. 8 at Texas Health Presbyterian Hospital Dallas. Duncan, who arrived in ...

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Time to pay up, Anadarko

pumpjack

Anadarko Petroleum Corp.’s $5.15 billion settlement with Tronox Inc. has finally been approved. According to the Wall Street Journal, on Nov. 10 U.S. District Court Judge Katherine Forrest, in Manhattan, approved the settlement.  Tronox’s bankruptcy judge also gave the settlement the stamp of approval earlier this year.  The settlement between Anadarko and Tronox was reached in April. Anadarko is required ...

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Roan Plateau settlement gains support

Local leaders from Mesa and Garfield counties have come forward with their support for the proposed Roan Plateau settlement, according to the Denver Business Journal. Litigation has been ongoing since 2008 over oil and gas companies permissions to drill at the top of the plateau, an area in which environmentalists say is a well-inhabited and scenic area. Two weeks ago, ...

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Aruba Petroleum’s motion for new trial denied

pumpjack

Marissa Hall | Shale Plays Media A Texas family is safe from another trial against Aruba Petroleum thanks to Judge Mark Greenberg. Greenberg denied Aruba a new trial against the Parr family, who won a case against the company in June, earning them a $2.9 million settlement. The lawsuit was raised by the family after they became exposed to toxic ...

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