Doheny Faces 21 Million Loss in Elk Hills Lease Ruling
Washington March 2 The Supreme Court ruling cancelling Edward Doheny’s Elk Hills naval oil lease could cost him about 21.69 million dollars. Pan-American Petroleum and Transport Co. may seek offsets. Doheny is reported under medical care in Los Angeles.
MENTIONED IN THIS ARTICLE
Washington, D. C
Supreme Court
Elk Hills
Cal
Naval’ Oil Reserve
Jédward —L
Pan-American
Petroleum, & Transport Co
New York
Wvas
Doheny Organization
Doheny
Pan-American Petroleum Company
Los Angeles
Royalty oil settle ends long Navy department dispute
The court holds $9,900,000 in cash as the royalty from Doheny oil operations, with the rest tied to drilling costs and Pearl Harbor storage. Officials plan to seek congressional permission to keep the royalties, while Doheny’s team contemplates counterclaims for $2,000,000 in fuel oil and storage expenses. Doheny could not be reached. rehearing not sought. counsel calls the decision the end of the investigation.
MENTIONED IN THIS ARTICLE
Navy Department
Doheny
Pearl Harbor
Hawaii
Navy
Los Angeles
Charles Wellburn
Supreme Court
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