Judge: Investment Fund Is Liable For Expenses On Federal Leases In Gulf Of Mexico

( May 8, 2026, 8:57 AM EDT) -- NEW ORLEANS — A federal judge in Louisiana ruled that an energy investment fund owes damages to an oil and gas company for $1,493,418.29 in unpaid operating expenses related to federal leases in the Gulf of Mexico because the language of the operating agreements did not contain language releasing the investment fund from liability even though it had assigned its interests in the leases to another party....