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Landowners Should Keep a Close Eye on Market Enhancement Costs

Landowners Should Keep a Close Eye on Market Enhancement Costs
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Oxy Says $2M Gas Royalty Payment Order Must Be Undone

ADVERTISEMENT Oxy Says $2M Gas Royalty Payment Order Must Be Undone Law360 (July 22, 2021, 9:01 PM EDT) Occidental Petroleum Corp. on Wednesday urged the Tenth Circuit to wipe out an order that it pay $2 million in federal gas royalties for leases in northeastern New Mexico, saying a lower court rubber-stamped the government s erroneous conclusion that the company needed to pay up. In rejecting Occidental unit Oxy USA Inc. s bid to dodge the payments ordered by the Office of Natural Resource Revenue, a New Mexico federal judge in December said the agency had appropriately relied on the terms of Oxy s gas lease to come up with the figure, instead of relying on outdated regulations from the 1980s..

Bridgestone part of Louisiana environmental cleanup settlement

Bridgestone part of Louisiana environmental cleanup settlement Bridgestone part of Louisiana environmental cleanup settlement Print SULPHUR, La. A handful of companies, including Bridgestone Americas Inc., will pay a total of $5.5 million to the federal government to cover past environmental cleanup costs in Louisiana. An agreement between the companies and the U.S. Department of Justice outlines the settlement, called a consent decree, that requires the Nashville, Tenn.-based tire maker and subsidiaries to pay an undisclosed portion of the past costs to remove hazardous substances allegedly released into the environment. Named in a complaint and settlement are Bridgestone Americas Inc., Bridgestone Americas Tire Operations L.L.C. and Firestone Polymers L.L.C.

Bridgestone part of Louisiana environmental settlement

Bridgestone part of Louisiana environmental settlement Bridgestone part of Louisiana environmental settlement Print SULPHUR, La. A handful of companies, including Bridgestone Americas Inc., will pay $5.5 million to the federal government to cover past environmental cleanup costs in Louisiana. An agreement between the companies and the U.S. Department of Justice outlines the settlement, called a consent decree, that requires Bridgestone and subsidiaries to pay an undisclosed portion of the past costs to remove hazardous substances allegedly released into the environment. Named in a complaint and settlement are Bridgestone Americas Inc., Bridgestone Americas Tire Operations L.L.C. and Firestone Polymers L.L.C.

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