Colo. U.S. Attorney: XTO Agrees to Pay $16 Million to Resolve Natural Gas Royalty Underpayments to the United States
November 02, 2023
November 02, 2023
DENVER, Colorado, Nov. 2 -- The U.S. Attorney for the District of Colorado, Cole Finegan, issued the following news release:
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 di . . .
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 di . . .