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2006
Mineral Revenues Stewardship
Award
Winners The Mineral Revenues
Stewardship Award was established in 1987 to commend exceptional performance
by companies that report production and pay royalties for Federal and Indian
mineral leases. More than 2,500 companies report production and pay
royalties for Federal and Indian mineral leases. In addition to overall
accuracy and timeliness of payments and reports, the four companies
receiving the Stewardship Award this year have also demonstrated noteworthy
cooperation with the Minerals Revenue Management program in resolving issues
related to reporting, compliance and enforcement.
The four companies and examples of their
exceptional performance during fiscal year 2005 are listed below:
Exxon Mobil Corporation
submitted nearly 100,000 lines of royalty and production data and paid
approximately $242.5 million in royalties to MMS. Exxon Mobil
demonstrated quality performance by submitting electronic reports and
payments with a royalty reporting accuracy rate of 98.7 percent, and a
production reporting accuracy rate of 92.1 percent. Exxon Mobil
Corporation, headquartered in Houston, conducts operations in nearly 40
countries and is a leading energy producer both onshore and offshore; |
Rich Rosenburg accepting for ExxonMobil Corporation.
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Kennecott Energy Company
extracted approximately 124 million tons of coal from federal leases in
three western states, and paid MMS a total of $216.4 million in mineral
royalties. Kennecott achieved an error-free record for reporting
acceptance and achieved a 99 percent timeliness rate for submittal of
royalty payments. Kennecott, one of the nation’s largest coal mining
companies, is headquartered in Gillette, Wyoming; |
Matt Branum and Doreen Heuck accepting
for Kennecott Energy Company |
Walter Oil
and Gas Corporation submitted more than 6,400 lines of royalty and
production data and paid more than $76.6 million in royalties to the
MMS. Walter Oil and Gas Corporation maintained quality performance by
submitting electronic reports and payments with a royalty reporting
accuracy rate of 99.5 percent, and a production reporting accuracy rate
of 95.9 percent. Walter Oil and Gas Corporation, headquartered in
Houston, is an independent oil and gas producer and lessee of numerous
Federal leases; and, |
J.C. Walter III accepting for Walter
Oil and Gas Corporation. |
Energen
Corporation submitted more than 47,000 lines of royalty and
production data and paid $25.6 million in royalties. Energen Oil and
Gas Corporation achieved a royalty reporting accuracy rate of 99.2
percent and a production reporting accuracy rate of 97.4 percent.
Energen Corporation, headquartered in Birmingham, Alabama, is a
diversified energy company focusing on natural gas distribution, as well
as oil and gas exploration and production. |
Paul Sparks accepting for Energen
Corporation |
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Last Updated:
07/15/2008,
12:14 PM
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