royalities http://wyomingpublicradio.net en Settlement Money For Tribal Members Finally In Sight http://wyomingpublicradio.net/post/settlement-money-tribal-members-finally-sight <p>Long-awaited money from a settlement on the Wind River Indian Reservation in Wyoming is finally on its way.</p><p>The federal government is paying the tribes $157 million for underpayment of royalties on oil and gas development and improper management of royalties that were paid. Northern Arapaho spokesman Mark Howell says some people don’t have bank accounts and there were concerns they would not be able to cash their checks.</p> Thu, 17 Apr 2014 22:34:54 +0000 Irina Zhorov 56992 at http://wyomingpublicradio.net Settlement Money For Tribal Members Finally In Sight Oil And Gas Producer Fined For Late Production Reports http://wyomingpublicradio.net/post/oil-and-gas-producer-fined-late-production-reports <p>The federal Office of Natural Resources Revenue, or ONRR, has fined a Wyoming oil and gas producer $204,362 for not submitting timely production reports for its federal leases. Matrix Production Company was issued two notices of noncompliance before ONRR levied the penalties. ONRR spokesman, Patrick Etchart, says the production reports are used to keep companies in check.&nbsp;&nbsp;&nbsp;</p> Wed, 02 Apr 2014 16:17:36 +0000 Irina Zhorov 56227 at http://wyomingpublicradio.net Oil And Gas Producer Fined For Late Production Reports Trona industry sees reduction in federal royalty rate http://wyomingpublicradio.net/post/trona-industry-sees-reduction-federal-royalty-rate <p>The federal royalty rate for trona was recently reduced from 6-percent to 4%. Industry has been pushing for royalty reductions for over a decade. But Powder River Basin Resource Council’s Jill Morrison says if anything, the royalty should be increased.</p><p>“Our position has always been that minerals are a finite resource. Once they’re removed they’re gone and we have that one chance to tax those minerals and get that fair market value because that’s what’s going to help balance our budget, both at the state and national level,” says Morrison.</p> Wed, 04 Dec 2013 01:15:19 +0000 Irina Zhorov 50773 at http://wyomingpublicradio.net Trona industry sees reduction in federal royalty rate Report: US government getting shortchanged by undervalued coal lease sales http://wyomingpublicradio.net/post/report-us-government-getting-shortchanged-undervalued-coal-lease-sales <p></p> Wed, 12 Jun 2013 00:23:19 +0000 Irina Zhorov 42154 at http://wyomingpublicradio.net Report: US government getting shortchanged by undervalued coal lease sales