OGJ Newsletter

09/01/2008
General Interest — Quick TakesIndustry wins $1 billion in California OCS leases suitThe US Court of Appeals upheld the 2006 ruling by the Court of Federal Claims awarding over $1 billion to 11 oil and gas companies that sued the government for its breach of nearly three dozen oil and gas leases off California.The award by the Court of Federal Claims was likely the largest in that court’s 150-year history. In issuing its decision, the Federal Circuit wrote that the government had breached the leases when it, in effect, changed their terms after the leases had been issued.The leases were sold in the early 1980s by the US Department of the Interior as part of an effort to identify...
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