Parties Argue In 5th Circuit Whether Well-Drilling Suit Involved Damages Claims

(March 9, 2016, 11:10 AM EST) -- NEW ORLEANS — A well-drilling firm, an interest holder and two insurers have filed briefs in the Fifth Circuit U.S. Court of Appeals, debating whether a trial court correctly found that coverage did not exist for a breach of contract suit against the drilling firm for failure to establish any property damage (Solstice Oil & Gas I LLC v. Seneca Insurance Co., et al. v. OBES Inc., No. 15-30874, 5th Cir.).

Operating Agreement

On Aug. 15, 2011, JAM Petroleum LLC, as the operator of leases, and...
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