Calif. Court Enforces Cleanup Agreement In Failed Property Transfer

SANTA BARBARA, Calif. - A failure to obtain a lot line adjustment was cited by courts that ordered a prospective drilling site buyer to comply with the terms of an earlier settlement and remediate property that was the subject of a cancelled transfer. Basin Partners, et al. v. Greka Oil and Gas Inc., No. B219735 (Calif. Ct. App., 2nd Dist.).

California's Second Appellate District affirmed a trial court's decision to enforce the settlement agreement between Greka Oil and Gas and Basin Partners LLC and order the latter to cap an abandoned oil well and remediate any related environmental damage in …