Kerr-McGee to pay $23m in royalties case

Federal ruling: Kerr-McGee

A US federal judge has ordered Kerr-McGee Oil & Gas to pay almost $23 million in penalties for making false royalty claims - with $5.7 million of that to go to the auditor who uncovered the problem.

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login