Chesapeake Fined $765,000 For Underpaying Royalties on Federal Lands

From News OK:

The U.S. Department of the Interior said Tuesday it has fined Chesapeake Energy Corp. $765,000 for underpaying oil and natural gas royalties on federal lands.
Chesapeake denied the claims and said it will request a hearing on the matter.
Chesapeake spokesman Jim Gipson said the issue relates to payments totaling less than $500.
“Chesapeake does not believe that it knowingly or willfully submitted inaccurate royalty reports,” Gipson said.
Read the rest here. 

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