Exxon's (XOM) court battle to keep rights to a $1B barrel oil find in the Gulf creates...

|By:, SA News Editor

Exxon's (XOM) court battle to keep rights to a $1B barrel oil find in the Gulf creates uncertainty when (or if) the find it shares with Statoil (STO) can be tapped, analysts say. The government stands to gain $17B in royalties with the massive oil strike if a federal court rules on its side, upping the stakes considerably for it to stay in the fight.