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Posts Tagged ‘Evasion of Royalties’

Shell pays $25 million to settle royalty claims

WASHINGTON, Jan 17, 2012 (Reuters) – Royal Dutch Shell has paid $25 million to the U.S. government to resolve claims that the company underpaid royalties on federal offshore oil and gas leases, the U.S. Interior Department said on Tuesday.

WASHINGTON, Jan 17, 2012 (Reuters) – Royal Dutch Shell has paid $25 million to the U.S. government to resolve claims that the company underpaid royalties on federal offshore oil and gas leases, the U.S. Interior Department said on Tuesday.

The settlement applies to royalty-in-value and royalty-in-kind production from Shell deepwater leases in the Gulf of Mexico between 2000 and 2008.

Interior’s Office of Natural Resources Revenue said audits of Shell’s leases had uncovered “various valuation issues”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

From our archives: Plaintiffs win $66 million from Shell Oil

Royal Dutch Shell evasion of royalties: Plaintiffs win $66 million from Shell Oil after making the mistake of relying on Shell’s “honesty and integrity”:

“Shell told us [in 1995] that if we didn’t want to accept a nuisance value settlement, they would drag the case out and my clients would be dead before they ever got the money,” said Calvert. “They ended up being partly right.”

Sat May 17, 2008

NEWSOK.COM: Shell weighs appeal in royalty case

By Jack Money

Shell Oil Co. is weighing an appeal of a $66 million verdict this month by a Stephens County jury in a royalties payment case, company officials said Friday.

The verdict stems from a case where five women claimed they were owed royalties that had not been paid since the early 1970s.

Background to case

The royalties involved a well on a 20-acre lease in a 640-acre unit between Ardmore and Duncan. The area is one of old production, in which more than 100 wells have been drilled. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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