QEP Pays $1.2M For Keeping Inaccurate Records

DENVER (AP) — Natural gas and oil company QEP Resources Inc. has paid a $1.2 million fine for inaccurate royalty and production reports for oil and gas wells in Colorado and Utah.

The U.S. Department of the Interior said Thursday that the Denver-based company failed to correct reports for 35 leases after assuring the government that it would.

It said the civil penalty was issued against the company in early July and the company is now correcting the reports. They date from March 2008 through December 2009.

QEP operates in the Rocky Mountain region and the Midwest.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

Marijuana In Colorado: Talking With Youth

Listen Live

AM/FM Stations

Featured Shows & Multimedia