NBCNews.com | BP 2010 Oil Spill Settlement: A Timeline of Litigation NBCNews.com An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases millions of barrels of crude oil into the Gulf of Mexico. The well is capped in mid-July. BP ultimately sets aside $42 billion to pay for ... BP will pay states $18.7 billion for 2010 Gulf of Mexico oil spill Governors, DOJ cheer $18 billion BP oil spill settlement BP Agrees to Pay $18.7 Billion to Settle Deepwater Horizon Oil Spill Claims |