The U.S. Bankruptcy Court for the District of Delaware has approved a settlement between the United States and the APCO Liquidating Trust for costs of the ongoing cleanup of a Superfund site in Oklahoma.
The trust and the APCO Missing Stockholder Trust agreed to pay $14 million for cleanup of the Oklahoma Refining Company site in Cyril. The trust is a successor in interest to APCO Oil Corporation.
The site was operated by Anderson-Prichard Oil Corporation and APCO Oil as an oil refinery from 1920 until about 1978, then in a limited capacity by Oklahoma Refining Company until 1987.
The Environmental Protection Agency later found contaminated surface water, soil and sediments and other issues at the site.
The next phase of cleanup at the site is to begin in 2014.
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