In Fieldwood bankruptcy, judge 'freezes time' on 1,700 Gulf of Mexico oil wells

Citing the far-reaching implications of Fieldwood Energy LLC's second bankruptcy in three years, a federal judge said Friday he wants to "freeze time" in a dispute pitting the bullish Houston-based company against some of the world's biggest oil and gas corporations over more than 1,700 old wells in the Gulf of Mexico. Read more...