MMS, Burlington settle gas royalty dispute

09/24/2007
Burlington Resources Oil & Gas Co. has agreed to pay the federal government more than $97.5 million, plus interest, to settle several natural gas royalty issues on federal and American Indian lands, said the US Department of the Interior’s Minerals Management Service, which filed a district court complaint against Burlington under the False Claims Act (FCA).Per the settlement agreement, the accrued interest would be for the period of Sept. 1, 2006, until final payment is made. This will result in a total settlement amount of slightly more than $105 million.“This settlement should serve as a strong reminder that MMS will aggressively pursue all royalties due to the governme...
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