Mineral Revenues Stewardship Award News

Timely payment of royalties and accurate reporting have earned four energy companies the Mineral Revenues Stewardship Award, the Department of the Interior’s Minerals Management Service (MMS) announced today. The oil and gas industry places a high value on the award. “We are recognizing these companies for their exceptional performance in production reporting and timely payment of royalties to the Federal Government,” MMS Director Johnnie Burton said. The award recipients are ConocoPhillips, Shell Exploration and Production Company, XTO Energy Inc., and Foundation Wyoming Land Company. They will be receiving the Stewardship Award during the annual MMS Industry Awards Ceremony on April 17, 2007, in Houston, Texas.