Court blocks feds from collecting Anadarko royalties

01/13/2009 | Wall Street Journal, The

The 5th Circuit Court of Appeals in New Orleans ruled Monday that the federal government cannot collect fossil-fuel royalties from Anadarko Petroleum. The decision may lay the foundation for other companies that won offshore leases between 1996 and 2000, and could prevent the federal government from collecting as much as $10 billion from oil and natural gas production in the Gulf of Mexico.

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