US Could Be Out $157M In Anadarko Royalty Relief Win

Law360, New York (January 13, 2009, 12:00 AM EST) -- The U.S. Department of the Interior is weighing its options after a federal appeals court rejected its bid to collect roughly $157 million in royalties on eight Anadarko Petroleum Corp. offshore oil and gas leases, in a case that centers on royalty relief that some have said will cost the government billions in forgone revenues.

The U.S. Court of Appeals for the Fifth Circuit handed down a nine-page ruling affirming the U.S. District Court for the Western District of Louisiana's decision to grant Kerr-McGee Oil and...
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