Exxon Sabotaged Wells, Should Be Fined, Texas Land Office Says

(Bloomberg) — Exxon Mobil Corp., the largest U.S. oil company, may be fined more than $1 billion for

Under Railroad Commission rules, Exxon Mobil could face fines of $10,000 a day per well, Patterson said in the statement, which he plans to release on Monday. He said those penalties could add up to more than $1 billion on wells the company abandoned in 1991 after a disagreement over royalties with the owners, the O