On the recordSeptember 8, 1999
My friend is correct. To be very specific, I will tell the Senator, the oil companies that are being so defended here have agreed in court to pay up not $1 billion, not $2 billion, but $5 billion to these States; in essence, agreeing that they undervalued. Alaska got $3.7 billion, for example; California, $345 million. By the way, private owners are also complaining, and they have resolved some of the disputes for $194 million.
Source
govinfo.gov




