A Colorado judge last week ruled that BP wrongfully deducted the costs of gathering, treating and compression (GTC) from payments to royalty owners with interests in mostly coalbed methane wells in the San Juan Basin — a decision that could potentially cost the producer as much as $100 million in damages once interest is calculated and which may have implications for other producers.
Disallows
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CO Judge Disallows BP’s Post-Production Deductions from Payments to Royalty Owners
A Colorado judge earlier this week ruled that BP wrongfully deducted the costs of gathering, treating and compression from payments to royalty owners with interests in mostly coalbed methane wells in the San Juan Basin — a decision that could potentially cost the producer as much as $100 million in damages once interest is calculated and which may have implications for other producers.
October 10, 2003
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