Settlement

Needing a boost to successfully exit Chapter 11 bankruptcy by mid-2020, Pacific Gas and Electric Co. (PG&E) late Friday reached a $13.5 billion settlement with the victims who sustained losses from the 2015 Butte Fire, 2017 Northern California Wildfires and 2018 Camp Fire that were thought to be caused by the combination utility’s equipment.

Fort Worth, TX-based Moncrief Oil Co. has reportedly agreed to retire its oil and gas leases south of Glacier National Park in Montana as part of an out-of-court settlement.

Sunoco Pipeline LP has reached a settlement with Pennsylvania regulators to address corrosion control problems on Mariner East (ME) 1 that would require the company to conduct a rare “remaining life study” of the system.

EQT Corp. on Wednesday said it has reached a tentative settlement with West Virginia landowners to resolve a class action lawsuit that alleges the company wrongly deducted post-production costs from royalty payments.

Thousands of landowners in Oklahoma and Kansas could be compensated if a federal court approves a $6.95 million settlement filed Wednesday to resolve claims that Chesapeake Energy Corp., one of its co-founders and SandRidge Energy Inc. conspired to rig bids and fix prices for oil and gas leases in the Anadarko Basin.

Chesapeake Energy Corp. has again reached a settlement with thousands of landowners in Pennsylvania, agreeing to provide $7.75 million to resolve claims that it wrongly deducted post-production expenses from royalty checks.

Southern California Gas Co. (SoCalGas) on Wednesday agreed to a proposed $119.5 million settlement to resolve state and local complaints regarding the 2015-16 natural gas storage leak at the Aliso Canyon underground field north of Los Angeles.

The Pennsylvania Department of Environmental Protection (DEP) has reached a settlement with the Clean Air Council, Mountain Watershed Association (MWA) and the Delaware Riverkeeper Network to resolve an appeal challenging the state’s permits for the Mariner East (ME) 2 pipeline project that’s been pending for more than a year.

Sempra Energy and its acquisition target, Oncor Electric Delivery Company LLC, have reached a settlement agreement with Texas stakeholders, including the Public Utility Commission of Texas (PUC).