Judge: Fracking Company Not Entitled To Coverage For Well Blowout
Mealey's (June 18, 2015, 4:18 PM EDT) -- NEW ORLEANS — A panel of the Fifth Circuit U.S. Court of Appeals on Sept. 22, 2014, ruled that a hydraulic fracturing company was not entitled to coverage from its insurer for costs associated with remediating damage caused by a well blowout because exclusions in the policy barred coverage (Pioneer Exploration LLC v. Steadfast Insurance Company, No. 13-30802, 5th Cir.; 2014 U.S. App. LEXIS 18103).
(Opinion available. Document #94-141014-016Z.)
Pioneer Exploration, an oil and gas exploration company engaged in hydraulic fracturing, operated a gas...