US natural gas royalty case results in $600K settlement

 


ALBUQUERQUE, N.M. (AP) — The U.S. government has reached a settlement with a Texas-based company over money owed on natural gas production on leased lands in New Mexico.

Federal prosecutors say they recovered $600,000 to settle allegations that Great Western Drilling Corp. underreported and underpaid royalties due from July 2010 through June 2016.

They say the company received a lower sales price from its third-party purchasers because those purchasers paid another company for the transportation, compression and processing of the gas.

Officials say Great Western Drilling did not credit the fed...



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