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WATCHING GOVERNMENT: Lease billing moves online
02/19/2007
The US Minerals Management Service’s proposed budget for fiscal 2008 includes $1.45 million for the first of a 2-year initiative to institute an interactive payment reconciliation and billing system. There’s more to it than leaseholders not getting away with saying the check is in the mail.To a great extent, they can’t do it now. MMS collects fees and royalties not only for its own federal leases but also for those issued by the Bureau of Land Management and American Indian tribes, said Lucy Denett, MMS’s associate director for minerals revenue management. Reconciling payments with outstanding balances can be challenging. It involves close to 29,000 producing oil a...
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