Aug 2, 2010 8:39 PM by Alison Haynes
BATON ROUGE, La. (AP) - A new audit says Louisiana's natural
resources department isn't doing enough to ensure oil and gas
companies are paying everything they owe the state in mineral
royalties - and could be leaving money uncollected.
The audit says the department isn't regularly reviewing enough
of the royalties paid by smaller companies and isn't using all
available data to ensure that royalty payments are accurate.
The audit was released Monday by Legislative Auditor Daryl
In a written response, the Department of Natural Resources says
it is expanding its review of the royalty payments by the end of
the current fiscal year and is working more closely with other
state offices to beef up its review processes.
3 hours ago