US Oil Companies settle Earthquake Claims
A Class Action Lawsuit in the United States alleged that salt water disposal Well operations by three US Oil Companies - Spess Oil Company, Equal Energy US, and Fairfield Oil and Gas Corporation, caused earthquakes in 2011 near the Oklahoma town of Prague. One earthquake reached a magnitude of 5.7, effecting over 170 homes in the area.
The three companies were the subject of a Class Action Lawsuit. The companies did not admit liability but agreed to pay $925,000 into a settlement fund.
The settlement fund has to be approved by a local Court and a Hearing is scheduled for next month.
If you require any further detail or advice, please contact John Reid in O’Rourke Reid
Dial: +353 1 240 1200
Email: jreid@orourkereid.com
This document is for information purposes only and does not purport to represent legal advice.
© O’Rourke Reid 2018