Industry seeks to set aside MMS rule on royalties

Oil industry associations have asked a federal court for a preliminary injunction blocking a new U.S. Minerals Management Service policy claiming royalties on take or pay gas contract settlements. The Natural Gas Supply Association, Independent Petroleum Association of America, and other groups also have challenged the policy in a lawsuit. The Interior Department agency sent companies a letter requiring them to provide detailed information on gas contract purchase settlements signed since 1980.

Sep 20th, 1993
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