Oil companies reach tentative $185 million settlement in underpaid royalty lawsuitThe agreement will end a case that alleged the oil companies underpaid royalties by under valuating oil extracted from federal and American Indian lands by The Associated Press
Four major oil companies have reached tentative agreements with U.S. prosecutors who had accused them of cooperating in schemes to shortchange the government by millions of dollars.
The tentative settlement, filed Sept. 10 in federal court in Lufkin, involved about $185 million in payments and woul....
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Lawsuit filed in 1996 Royalty issues go back two decades
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