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
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Companies