Oil & Gas: Lyon fined for failure to file production reports

Source:Office of Natural Resources Revenue

The ONRR has fined Lyon Oil Company $113,200 for failure to file production reports. The Department of the Interior’s Office of Natural Resources Revenue (ONRR) announced today that it has assessed Lyon Oil Company a $113,200 civil penalty for failure to file production reports specified in a February 2011 Notice of Noncompliance (NONC). The NONC cited Lyon Oil Company for failure to report production on two wells and for not filing Oil and Gas Operations Reports dating back to 2004.

“It is essential that companies file accurate and timely Oil and Gas Operations Reports to ensure that proper royalties are paid and taxpayer assets are protected,” said ONRR Director Greg Gould. “The recent increase in penalties related to reporting violations is a key part of our effort to focus attention on the importance of accurate reporting and continues to build on the reforms we are implementing at ONRR,” Gould added

Lyon Oil Company, with offices in Cut Bank, Montana, may request a hearing on the penalty. If the company does not request a hearing, the civil penalty payment is due Sept. 18, 2013.

The Office of Natural Resources Revenue, part of the Department’s Office of Policy, Management and Budget, is responsible for collecting and disbursing revenues from energy production that occurs onshore on federal and American Indian lands, and offshore in the Outer Continental Shelf. During Fiscal Year 2012, the agency disbursed more than $12.15 billion to states, American Indian Tribes and individual Indian mineral owners, and to various Federal accounts, including the U.S. Treasury, the Land and Water Conservation Fund, and the Reclamation Fund.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs