Lafayette gets over $279K payout in BP oil spill settlement

The Associated Press

The Lafayette Consolidated Government has announced that its payout in a settlement with BP for economic losses resulting from the 2010 Deepwater Horizon disaster has been finalized.

LAFAYETTE, La. (AP) — The Lafayette Consolidated Government has announced that its payout in a settlement with BP for economic losses resulting from the 2010 Deepwater Horizon disaster has been finalized.

The Advertiser reports officials announced Tuesday that Lafayette was awarded $279,769. The city-parish filed a claim in 2013. Several public entities in the state had already reached settlement agreements.

Officials say the law firm's fee would be 15 percent of the payout.

Dee Stanley, chief administrative officer of the city-parish, says they are still determining how the money will be spent.

Chief Financial Officer Lorie Toups says it's possible that administration and the council will split the money between the city and parish general funds based on population.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs