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BP Fined for False Production Reporting

Posted: Wed Jun 30, 2010 3:22 pm
by Johnny
http://www.denverpost.com/ci_15410244

Mmmm, more evil BP news. Looks like they were trying to screw the Southern Ute this time around. Having personally compiled natural gas royalty reports, it ain't that hard once the formulas are written. You take the ownership report and resulting interest formulas, plug in the production values vs. royalty percentages (always negotiable) and off you go.

Re: BP Fined for False Production Reporting

Posted: Wed Jun 30, 2010 3:56 pm
by Minimalist
The Republicans will defend this as "creative accounting."