XTO Energy Inc. has agreed to pay $16 million to resolve False Claims Act allegations that it knowingly underpaid royalties owed on natural gas produced from federal and Native American lands. The settlement resolves allegations that the company improperly deducted costs necessary to put the gas in marketable condition, deducted costs of transporting carbon dioxide and failed to pay royalties on carbon dioxide. Read More
XTO Agrees to Pay $16 Million to Resolve Natural Gas Royalty Underpayments to the United States
Related Posts
Chairman of Multinational Investment Company and Company Consultant Convicted of Bribery Scheme at Retrial
A federal jury in Charlotte, North Carolina, convicted the founder and chairman of a multinational investment company and a company consultant yesterday after a retrial… BronChairman of Multinational Investment Company and Company Consultant Convicted of Bribery Scheme at Retrial
Foreign National Sentenced for Cocaine Trafficking
A national of the Dominican Republic was sentenced yesterday to 15 years and four months in prison for his role in an international conspiracy to… BronForeign National Sentenced for Cocaine Trafficking
Seven Sinaloa Cartel Members and Associates Sentenced to Prison for Trafficking Fentanyl, Methamphetamine, and Cocaine
Seven members and associates of the Sinaloa Cartel have been sentenced to prison for their role in a drug trafficking conspiracy involving fentanyl, methamphetamine, and… BronSeven Sinaloa Cartel Members and Associates Sentenced to Prison for Trafficking Fentanyl, Methamphetamine, and Cocaine