DOJ Likely To Appeal Kerr-McGee Oil Royalty Ruling

Law360, New York (March 6, 2009, 12:00 AM EST) -- The U.S. Department of the Interior has said it is optimistic the U.S. Department of Justice will challenge a federal appellate court opinion allowing oil company Kerr-McGee Corp. to waive royalty payments, costing the government an estimated $157 million in forgone revenue from Kerr-McGee and billions more in royalties from other U.S. oil companies.

Secretary of the Interior Ken Salazar told reporters in a media roundtable briefing Friday that there was a “good chance” the government would appeal a January opinion from the U.S. Court of...
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