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Local oil company fined for failing to report production

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ARTESIA (AP) — The federal government is fining an Artesia oil man more than $700,000 for failing to submit reports on production on its federal leases in New Mexico.

The Department of the Interior’s Office of Natural Resources Revenue said Tuesday it has assessed Louis Fulton, doing business as C.F.M. Oil Company, a $717,136 civil penalty. … For the rest of the story, subscribe in print and on the web.

 

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