Massive Class Certified In Suit Against Exxon Unit

Law360, New York (April 13, 2012, 3:39 PM EDT) -- A federal judge on Thursday certified a 16,000-member class accusing Exxon Mobil Corp. subsidiary XTO Energy Inc. of failing to pay proper royalties on natural gas wells in Oklahoma.

According to the plaintiffs, XTO wrongly deducts fees for marketing, gathering and processing the gas, violating its inherent duty to convert raw gas into a salable product.

“At its core, this action involves the application and definition of the implied duty of marketability,” U.S. District Judge Frank H. Seay wrote.

Under Oklahoma law, “an oil and gas...
To view the full article, register now.