Panel Reverses, Says $71.61M Award To Exxon In Well Dispute Was Reasonable

Mealey's (September 2, 2022, 1:21 PM EDT) -- HOUSTON — A Texas appellate panel on Sept. 1 reversed and reinstituted a $71.61M jury award to Exxon Mobil Corp. in an indemnity dispute over the conveyance of oil and gas wells in Louisiana that were the subject of underlying environmental contamination litigation, ruling that the evidence supported a finding that the settlements in those underlying cases were reasonable....