Chevron Seeks $74M From US Over Failed Oil Talks

Law360, New York (May 27, 2011, 6:05 PM EDT) -- Chevron USA Inc. is seeking $74 million from the U.S. Department of Energy to recoup legal and administrative costs that were allegedly wasted during tainted negotiations over the division of a jointly owned oil field, according to a Thursday court filing.

In a brief filed in the U.S. Court of Federal Claims, the oil giant says that the DOE breached its agreement to provide a fair determination of the equity division of assets in the Elk Hills oil and gas reserve near Barkersfield, Calif., which the...
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