BP secures money for damage fund

Posted on August 12th, 2010 No Comments

In order to secure the funds for the $20 billion damage fund, BP has put their U.S. collection revenues up for collateral.¬† The money made in U.S. collection makes about a quarter of the company’s annual output.

This deal was made with the White House and announced on Wednesday. The deal means that any revenues made  in the oil and gas industry in the U.S. will be given to the administrator of the BP damage fund to ensure that the victims of the oil spill receive the money from claims they file as a first priority.

BP’s largest producing region in the U.S. is the Gulf of Mexico where it has 89 wells that are operated. On Monday, the first $3 billion were put into the fund to be administered by the mediator.

If you or a loved one are looking to file a claim after the oil spill, you need experienced representation on your side. Contact the Gulf oil spill claims process lawyers of Williams Hart by calling

Leave a Reply

Get news about the areas in the destructive path of Gulf oil spill.

Learn more about the affected areas of the Gulf oil spill
home  |  about us  |  environmental impact  |  economic loss  |  affected areas  |  types of claims  |  contact us  |  articles  |  law resources  |  faqs  |  blog  |  locations  |  Log in

Copyright ©2010 Williams Hart. Attorneys are licensed only in the state of Texas unless otherwise indicated in the biographical section. Past performance is no guarantee of future results. Williams Hart's primary office is located in Texas. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
Terms of Use  |  Disclaimer  |  Sitemap

8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051
Call toll free today: 800-821-1544