Gulf Oil Spill Lawyers
The massive oil spill that resulted from the explosion and sinking of the off shore oil platform Deepwater Horizon in the Gulf of Mexico on April 20th, 2010 is now the worst ecological disaster in U.S. history. The oil slick initially made landfall in southern Louisiana on Friday, April 30th and subsequently coated the shorelines of Mississippi, Alabama and Northwest Florida.
The U.S. Government estimates that crude oil was leaking into the Gulf of Mexico at a rate of over 60,000 barrels a day (2.6 million gallons per day) until July 18th, making this the worst spill in U.S. history. The latest estimate on August 2nd showed that 190,120,155 million gallons of crude oil poured into the Gulf of Mexico since the Deepwater Horizon exploded and sank on April 20th. Eleven oil rig workers lost their lives in the explosion.
The fail safe mechanism that was intended to stop the flow of crude oil at the sea floor in the event of an explosion, called the blowout preventer ( "BOP"), failed at the time of the explosion. BP now says that the best chance to permanently stop the leak is by drilling two relief wells at the spill site, which are anticipated to be completed in August.
Because of the time that the relief wells took to progress, the coastal areas of Louisiana, Mississippi, Alabama and Florida were fouled by the unimpeded oil that poured into the Gulf for months.
The relief wells that was completed near the site of the oil spill is located in an area of the Gulf known as Mississippi Canyon Block 252. Because of the extreme water depth of the well at 5,000+ feet in this canyon, drilling the relief wells was a daunting task. BP has estimated that the total amount of oil that is in the underground reservoir amount to 2.1 billion gallons of oil. If that is estimate is accurate, the Macondo well is one of the largest oil reserves ever discovered.
BP Claims Procedures
If you require assistance with your business or personal oil spill claim, please contact us for a free consultation.
- Commercial Fishing
- Oyster and Shrimping Industry
- Seafood Packaging or Processing
- Seafood Distributors and Wholesalers
- Dock and Marina Owners/Operators
- Commercial and Private Boat Owners
- Waterfront Property Owners and Restaurants
- Vacationers who have lost their Deposits
- City, County and State Governments
Oil Spill Effects
About the $20 Billion Dollar BP Claims Fund and the new Gulf Coast Claims Facility.
On Wednesday, June 16th, The Obama Administration and BP agreed to create the $20 billion dollar escrow fund for victims of the Deepwater Horizon Oil Spill in the Gulf of Mexico. The $20 billion dollars is scheduled to be dispersed to victims of the spill at a rate of $5 billion dollars per year until the fund is depleted, including $5 billion in 2010, $5 billion in 2011, $5 billion in 2012 and $5 billion in 2013..
The Obama Administration appointed Kenneth Feinberg, former administrator of the September 11th victims fund, to be the administrator of the $20 billion dollar fund and the new Gulf Coast Claims Facility.
The Gulf Coast Claims Facility (GCCF) is set to begin operations on August 23rd, 2010. As more details about the GCCF become available, it will become more apparent which types of claims could benefit from the legal assistance. We will continue to provide more information through this website about the process as it becomes available.
We have assembled an accomplished team of attorneys and personnel in Alabama, Florida, Georgia, Louisiana and Mississippi to assist individuals and businesses with claims whom have been affected by the BP oil spill.
If you would like to discuss your legal rights, please contact us anytime.
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