Exxon Mobil wins court dispute with Alabama - WSFA.com Montgomery Alabama news.

Exxon Mobil wins court dispute with Alabama

MONTGOMERY, Ala. (AP) - The Alabama Supreme Court has sided with Exxon Mobil Corp. in another dispute with the state of Alabama involving the company's natural gas wells along the Alabama coast. The latest dispute involves $23 million.

In 2007, the Alabama Supreme Court threw out most of a $3.6 billion verdict Alabama had won against the oil company in a dispute over natural gas royalties from the wells. Exxon Mobil ended up paying Alabama more than $121 million in royalties plus interest.

The state's attorneys argued that Exxon Mobil should have paid the state government an additional $23 million in interest. The Alabama Supreme Court disagreed Friday.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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