Kay County company pays $175,000 to settle case
Ponca City Now - June 12, 2015 8:07 am
OKLAHOMA CITY (AP) – Federal prosecutors say a Kay County company has agreed to pay $175,000 to settle claims involving debt owed to the government involving Indian oil and natural gas leases.
Oklahoma City U.S. Attorney Sanford Coats said Thursday that Case Sales Company, Incorporated held five Indian oil and gas leases for wells in the Anadarko area. Coats says the company was required to comply with certain reporting requirements to the U.S. Department of Interior for each well it operated.
But prosecutors allege that from 2004 through 2009, Case failed to submit timely and accurate reports. As a result, the agency assessed a civil penalty against the company.
In reaching the settlement, Case and others did not acknowledge liability and the government did not make any concessions regarding the legitimacy of the claims.