Oxy Says $ 2 Million Gas Royalty Payment Order Must Be Canceled

Law360 (July 22, 2021, 9:01 p.m. EDT) – Occidental Petroleum Corp. on Wednesday urged the Tenth Circuit to overturn an order ordering it to pay $ 2 million in federal gas royalties for leases in northeastern New Mexico, according to a lower court upheld the government’s flawed conclusion that the company had to pay.

In rejecting the Western Unit Oxy USA Inc.’s offer to dodge payments ordered by the Office of Natural Resource Revenue, a New Mexico federal judge said in December that the agency was correct. title on the terms of Oxy’s gas lease to find the number. , instead of relying on obsolete regulations from the 1980s …

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