A royalty question
BP has taken the state to court to force arbitration over royalty dispute
BP Exploration (Alaska) has taken the state of Alaska to court, claiming that arbitration procedures must be invoked to settle a dispute over the royalty value of oil produced on the North Slope. Royalties due to the state are calculated using the wellhead value of the oil. That value, essentially,....
[additional news subjects in this story]
Costs disallowed in 2013
State says costs not subject to arbitration
BP: arbitration is required
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $89 per year.
Subscribers log in here to read the entire newspaper (1998 to 09/10/2019)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.