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The U.S. Department of Interior's Office of Natural Resources Revenue (ONRR) has fined Roswell, NM-based Yeso Energy Inc. $227,584 for failure to submit production reports for its wells in New Mexico. Yeso was served with a notice of noncompliance by the federal agency in October 2011 for failure to submit reports on certain federal oil/natural gas leases it holds in New Mexico. "Despite repeated contact by ONRR, Yeso still has not provided the production reports for the leases in question," said an ONRR spokesperson, noting that the civil penalty will continue to accrue until the agency receives the required forms from the company. The federal government requires timely and accurate production reports to make sure the government is getting its proper royalties from energy production occurring on federal and American Indian lands, said ONRR Director Greg Gould.

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