DOI Falls Short On Oil Lease Royalty Collection: Report

Law360, New York (April 15, 2010, 2:15 PM EDT) -- The U.S. Government Accountability Office has found that the Department of the Interior is failing to keep accurate tabs on royalty payments to the federal government by companies leasing public lands for oil and natural gas extraction, costing taxpayers potentially billions in lost revenue.

The GAO released a report Wednesday that said the DOI's internal mechanisms for measuring oil and gas royalty payments were “both ineffective and inefficient,” failing to keep pace with current field technologies and continuing to fall behind as limited oversight, gaps in...
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