United States Fidelity & Guaranty Company v. Loop, Inc.

The only issue before this Court is whether the Louisiana Oilfield Indemnity Act 1 applies to the facilities of LOOP, Inc., 2 a corporation engaged in receiving oil from supertankers at its deepwater terminal, storing that oil in its land-based salt dome caverns, and distributing that oil to various refineries.

The plaintiff-appellant argues that the wells supplying the oil stored in LOOP’S salt domes bring LOOP’S facilities within the scope of the Act. The Act declares that any indemnity provision contained in an agreement “pertaining to a well for oil, gas, or water, or drilling for minerals…