North Dakota Mineral Owners Say Oil Companies Unfairly Keep Millions From Checks without Oversight
NORTH DAKOTA, AUG 4 – Oil companies deduct 20% to 50% of royalties from North Dakota mineral owners for pipeline and processing costs, causing families to lose hundreds of millions annually, experts say.
9 Articles
9 Articles
North Dakota royalty owners accuse oil firms of pocketing millions through transport deductions
Mineral owners across North Dakota say monthly checks have shrunk by as much as half since 2015 as producers subtract pipeline and processing costs not spelled out in decades-old leases.Jacob Orledge reports for the North Dakota Monitor in partnership with ProPublica.In short:Royalty statements provided by 18 households show companies withholding 20% to 50% of owed proceeds, adding up to hundreds of millions of dollars each year.While state-owne…
“You Feel Like You’re Being Cheated”: Oil Companies Unfairly Take Millions, North Dakota Mineral Owners Say
Oil companies are holding back a large portion of revenue payments to the people they lease drilling rights from, often with little explanation. But the industry has an outsize influence in the state, and public officials have refused to take action.
TheVoiceOfJoyce Oil Companies cheat North Dakota landowners out of royalties & state lawmakers don’t support them.
Since the oil companies gave Trump a $Billion for his campaign, America has abandoned work on renewable energy. Renewable energy sources don’t create toxic emissions and they do provide twice as many jobs as Fossil Fuel Companies. We abandoned Renewables because Trump made a deal with the Fossil Fuel Industry. “You Feel Like You’re Being Cheated”: Oil Companies Unfairly Take Millions, North Dakota Mineral Owners Say by Jacob Orledge, North Dakot…
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