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Feds Drop Navigable Waterway Claim In La. Oil Spat

By Christie Smythe (March 6, 2009, 12:00 AM EST) -- In a dispute involving oil exploration firms KCS Resources Inc., Cohort Energy Co. and others over confusion about whether the state of Louisiana or the federal government has claim to a site, U.S. authorities have abandoned an attempt to assert rights to the property — once covered by water — by declaring it was a "navigable stream or lake" almost two centuries ago....

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