By March 21, 2012 0 Comments Read More →

‘Legacy lawsuit’ deal near, lawyer says

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Gov. Bobby Jindal’s former executive counsel asked legislators for patience this week on legislation involving what are known as “legacy lawsuits.”

In a letter to members of the Senate and House natural resources committees, Alexandria attorney Jimmy Faircloth Jr. said negotiations are continuing on a compromise bill that will appease both the oil and gas industry and landowners.

At issue is how to resolve often decades-old pollution caused by oil and gas drilling.

The oil and gas industry contends landowners want to maintain the status quo with protracted legal battles that are blamed for limiting drilling in Louisiana.

Landowners are accusing the industry of trying to erode the jurisdiction of the courts.

“Though some progress has been made, reaching a final compromise will be difficult, and may prove to be impossible,” Faircloth wrote.

original article

Posted in: Daily News

About the Author:

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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