Exxon Pays $54M To Settle Kansas Gas Royalties Dispute

Law360, New York (August 17, 2012, 4:54 PM ET) -- A Kansas federal judge on Friday granted preliminary approval to a settlement in which ExxonMobil Oil Corp. agreed to pay $54 million to end a class action brought by Kansas landowners who claimed they were shortchanged on gas royalties under their leases with the energy giant.

U.S. District Judge J. Thomas Marten gave the initial go-ahead to the plan, under which Exxon would pay $54 million to a class, certified in March 2011, of Kansas well owners who claimed that the Exxon had stiffed them on...
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