Plains Exploration & Production Pays $900,000 Civil Penalty
August 13 2010 - 12:01PM
Dow Jones News
The agency that collects revenue for oil and gas production on
federal lands said that Plains Exploration & Production Co.
(PXP) has paid almost $900,000 to resolve allegations that it
failed to comply with a request to submit production reports.
The Houston company "repeatedly failed to comply with requests"
to submit monthly oil and gas operations reports for Pogo Producing
Co., which Plains acquired in November 2007, the Bureau of Ocean
Energy Management, Regulation and Enforcement said in a
statement.
A Plains spokeswoman referred calls to spokesman Scott Winters,
who could not immediately be reached.
The agency said that it put Plains on notice that the company
was out of compliance with reporting requirements following the
acquisition. When Plains failed to comply with that notice, the
agency said, it ordered an $838,272 civil penalty. The company
ultimately paid $899,200 because penalties continued to accrue, the
agency said.
Plains has now submitted all the required monthly production
reports, the agency said.
-By Siobhan Hughes, Dow Jones Newswires; 202-862-6654;
siobhan.hughes@dowjones.com
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