5th Circ. Reverses Total, Statoil Win In $3.5M Royalty Row

Law360, New York (March 13, 2013, 6:58 PM EDT) -- The Fifth Circuit on Tuesday upended a lower court victory for U.S. units of French oil giant Total SA and Norwegian firm Statoil ASA in a contract dispute with Kerr-McGee Oil & Gas Corp. and others over overriding royalty interests in an offshore oil block worth more than $3.5 million.

The appeals court reversed a Louisiana federal court’s December 2010 ruling for Statoil Gulf of Mexico LLC and Total E&P USA Inc., finding that there was valid confusion about whether the terms of a contract between...
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