Anadarko Tells 5th Circ. Williams Owes $9M In Oil Deal

Law360, Houston (February 11, 2013, 11:11 PM EST) -- Anadarko Petroleum Corp. on Friday told a federal appeals court that a subsidiary of the Williams Companies Inc. ignored agreements to pass through shipping credits on oil transported through the Trans-Alaska Pipeline System, cheating it out of more than $9 million.

In a brief filed with the Fifth Circuit, Anadarko says Williams Alaska Petroleum Inc. should have paid the price adjustment on oil it purchased and upon which it later received $9.1 million in credit from a federally approved “quality bank” that compensates shippers when their...
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