LOS ANGELES — The Texas company that operates the oil pipeline that sent at least 25,000 gallons of crude gushing into the waters off Southern California in a spill last fall has tentatively agreed to settle more than a dozen lawsuits brought by Orange County business owners and residents.
The chief executive of Houston-based Amplify Energy Corp., Martyn Willsher, did not disclose the terms of the settlement, but said in a statement Thursday that the proposed deal would be a “reasonable and fair resolution” to the disastrous spill.
The company’s insurance policy would cover the cost of the payouts, Amplify Energy said.
