Federal Agency Fines Fracking Company More Than $2.11M For Royalty Errors

(October 20, 2015, 12:39 PM EDT) -- DENVER — The U.S. Department of the Interior (DOI) on Oct. 19 announced that it has penalized hydraulic fracturing company Chesapeake Energy Corp. (CEC) $2,118,900 for “repeated, systemic errors” in the company’s reporting of the royalties related to the amount of natural gas it produced and sold from leases on Indian lands in Oklahoma.

The penalty, issued by the DOI’s Office of Natural Resources Revenue (ONRR), pertains to CEC’s failure to correct unreported and misreported volumes of gas extracted from fracking operations despite a 2011 order...
To view the full article, register now.