According to court documents, the judge found Medallion materially breached two five-year agreements signed in 2019 that were to have provided ARM with access to a Permian Basin pipeline carrying West Texas Light crude to a terminal in Corpus Christi for offloading to Suezmax class oil tankers.
April 13, 2023 at 05:24 PM
3 minute read
The Houston office of Quinn Emanuel Urquhart & Sullivan secured a $40 million final judgment for crude oil transport and marketing company ARM Energy Management in a breach-of-contract lawsuit against Medallion Pipeline Co.
Dallas County 68th District Court Judge Martin Hoffman issued his judgment Tuesday, based on a five-day bench trial that took place in January.
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The oil transport docks at the Port of Corpus Christi. Credit: Google Earth
