Denver Jury Gives $41M Verdict In Costa Rica Oil Fight

By Clark Mindock (April 15, 2022, 5:35 PM EDT) -- A Colorado jury has awarded the Denver-based company GT Resources LLC a $41 million verdict over claims that South Dakota company Black Hills Corp. and its subsidiaries failed to honor a contract over oil and gas concessions in Costa Rica.

The three-part verdict was issued Wednesday in a Colorado state court in Denver after a seven-day trial and nearly a full day of deliberations over the claims by GT Resources that Black Hills had violated the duty of good faith and fair dealing when it lost a 2.3-million-acre oil and gas concession in northern Costa Rica near Nicaragua.

GT Resources claimed...

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