The Fourteenth Court of Appeals in Houston recently ruled that Noble Energy owes a duty of defense and indemnity to ConocoPhillips with respect to a $63 million settlement related to an environmental claim for damage to an oil field in Cameron Parish, Louisiana.
This appellate case, ConocoPhillips v. Noble Energy, dealt with the underlying environmental claim based on a 1994 exchange agreement and assignment and bill of sale involving the exchange of oil and gas assets in Louisiana, according to the opinion issued in the case by the Fourteenth Court of Appeals.
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