Oil, Gas and Consumable Fuels
Company Overview of Kerr-McGee Corporation
Kerr-McGee Corporation offers oil and natural gas exploration and production services in the United States. The company acquires leases and concessions, as well as explores, develops, produces, and markets crude oil and natural gas. It explores for oil and gas in onshore in the United States, the U.S. Gulf of Mexico, and offshore China. It also explores in proven hydrocarbon basins worldwide, including the North Slope of Alaska and offshore Angola, Bahamas, Benin, Brazil, Morocco, and Trinidad and Tobago. Kerr-McGee Corporation was formerly known as Kerr-McGee Oil Industries, Inc. and changed its name to Kerr-McGee Corporation in 1965. The company was founded in 1929 and is based in Oklahoma...
123 Robert South Kerr Avenue
Oklahoma City, OK 73102
Founded in 1929
Key Executives for Kerr-McGee Corporation
Chief Information Officer and Vice President
Managing Director of Brazil Operations
Corporate Vice President and Treasurer
Compensation as of Fiscal Year 2012.
Kerr-McGee Corporation Key Developments
Anadarko Petroleum Corporation and Kerr-McGee Corporation Agree to Pay More Than $17 Million to Settle Allegations of Knowingly Underpaying Royalties
Jun 20 11
The Justice Department announced that Anadarko Petroleum Corporation, Kerr-McGee Corporation and affiliates have agreed to pay more than $17 million to settle allegations of knowingly underpaying royalties on natural gas produced from federal land and Indian leases. With Anadarko's settlement, oil and gas companies have paid more than $249 million to settle allegations of shortchanging the government on royalties. Previous settlements in the case, which began in 1996, have involved other industry defendants. The Anadarko settlement arose from a lawsuit filed by whistleblower Harrold Wright under the False Claims Act. Wright is deceased, so his heirs will receive $1.95 million plus interest as their share of the settlement.
Anadarko Petroleum Corporation, Kerr-McGee Corporation Agree to Pay $17 Million to Resolve Allegations of Royalty Underpayments from Federal and Indian Lands
Jun 20 11
Anadarko Petroleum Corporation, Kerr-McGee Corporation and their affiliates have agreed to pay the United States more than $17 million to resolve claims that the companies violated the False Claims Act by knowingly underpaying royalties owed on natural gas produced from federal and Indian leases, and numerous additional administrative claims. Congress has authorized federal and Indian lands to be leased for the production of natural gas in exchange for the payment of royalties on the value of the gas that is produced. Each month companies are required to report to the U.S. Department of the Interior the amount of royalty that is due. This settlement resolves claims by the United States under the False Claims Act that the Anadarko and Kerr-McGee defendants improperly deducted from royalty values the cost of boosting gas up to pipeline pressures and improperly reported processed gas as unprocessed gas to reduce royalty payments, as well as a series of outstanding administrative claims. This settlement arises from a lawsuit filed by Harrold Wright under the False Claims Act. Under the qui tam or whistleblower, provisions of the act, private citizens may file actions on behalf of the United States and share in any recovery.
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