Total Wins $3.5M Oil Royalty Suit Against Kerr-McGee

Law360, New York (December 15, 2010, 7:08 PM EST) -- A Total SA unit does not have to pay Kerr-McGee Oil & Gas Corp. more than $3.5 million in royalties on an offshore oil block, a federal judge has ruled, finding that a lease assignment does not trigger royalty payments until the endeavor yields more than 87.5 million barrels.

Judge A.J. McNamara of the U.S. District Court for the Eastern District of Louisiana granted summary judgment to plaintiff Total E&P USA Inc. and intervenor-plaintiff Statoil Gulf of Mexico LLC on Tuesday, in a blow to Kerr-McGee...
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