Get While the Getting is Good

The Times-Picayune reports that Louisiana Independent Oil and Gas Association is claiming that environmental suits over wells drilled decades ago are now draining today's Louisiana oil production.

The so-called "legacy lawsuits" involve fields that were drilled years ago by the major oil companies with since-discarded technology. Through the years, as the majors left the state, the leases were assumed by other companies that had to take on liability for environmental effects.

"This isn't it," said Don Carmouche, a Donaldsonville attorney who frequently represents landowners in suits against oil companies. "This is a mess that these companies have left in this state. It's time that they clean them out."

Posted by AJR at February 9, 2005 08:04 AM