Board of Land Commissioners approves company's request to avoid paying royalties on flared gas

bug


We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


CHEYENNE, Wyoming — The state Board of Land Commissioners has approved a company's request to avoid paying royalties to the state on natural gas that the company has flared in the past year and half.

The board, which is made up of Gov. Matt Mead and the four other elected statewide officials, approved the request by EOG Resources without debate Thursday.

At issue was nearly $300,000 in royalties that the state would have received if the Texas-based company had placed the gas in a pipeline and sold it instead of flaring it.

The Wyoming Tribune Eagle reports that the Board of Land Commissioners has authority to decide if companies have to pay royalties on natural gas flared off of state leases.


Information from: Wyoming Tribune Eagle, http://www.wyomingnews.com

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.