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2005
Mineral Revenues Stewardship
Award
Winners
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ConocoPhillips During
Fiscal Year 2004, ConocoPhillips submitted more than 359,000 lines of
royalty and production data and paid $153.8 million in royalties to the
MMS Minerals Revenue Management.
ConocoPhillips provided quality
performance by submitting electronic reports and payments with a royalty
reporting accuracy rate of 99.1 percent and a production reporting
accuracy rate of 96.3 percent.
This quality performance was underscored
by ConocoPhillips’ noteworthy cooperation and responsiveness in
proactively resolving reporting, compliance, and enforcement issues.
ConocoPhillips is an international,
integrated energy company operating in more than 40 countries with
approximately 35,800 employees worldwide. It is headquartered in
Houston, Texas.
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Marathon
Oil Company During Fiscal Year
2004, Marathon Oil Company (Marathon) submitted more than 137,000 lines
of royalty and production data and paid $84.1 million in royalties to
the MMS Minerals Revenue Management.
Marathon provided quality performance by submitting electronic reports
and payments with a royalty reporting accuracy rate of 97.9 percent and
a production reporting accuracy rate of 98.1 percent.
This quality performance was underscored by Marathon’s noteworthy
cooperation and responsiveness in proactively resolving reporting,
compliance, and enforcement issues.
Marathon is an integrated energy business with exploration and
production activities in several countries. It is headquartered in
Houston, Texas.
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Wexpro
Company During Fiscal Year
2004, Wexpro Company (Wexpro) submitted more than 28,000 lines of
royalty and production data and paid $26.8 million in royalties to the
MMS Minerals Revenue Management.
Wexpro provided quality performance by submitting electronic reports and
payments with a royalty reporting accuracy rate of 99.9 percent and a
production reporting accuracy rate of 98.8 percent.
This quality performance was underscored by Wexpro’s noteworthy
cooperation and responsiveness in proactively resolving reporting,
compliance, and enforcement issues.
Wexpro manages and develops properties on behalf of Questar Gas, a
retail gas-distribution affiliate. It is headquartered in Salt Lake
City, Utah.
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Kennecott
Energy Company During Fiscal
Year 2004, Kennecott Energy Company (Kennecott) extracted approximately
125.5 million tons of coal from Federal leases in three Western States,
and paid MMS a total of $206 million in mineral revenues.
Kennecott was outstanding in meeting the challenges of MMS’s revised
solid minerals reporting and payment requirements. The company’s nearly
flawless record for reporting acceptance and timeliness rates and its
100-percent timeliness rate for submittal of royalty payments was
achieved by no other company.
In addition, Kennecott provided noteworthy cooperation and
responsiveness in proactively resolving reporting, compliance, and
enforcement issues.
Kennecott is one of the nation’s largest coal-mining companies. It is
based in the Rocky Mountain region of the United States, with
headquarters in Gillette, Wyoming.
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Last Updated:
03/26/2009,
03:15 PM
Central Time
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