The Mineral Revenues Stewardship Award recognizes exceptional performances by companies that report production and pay royalties for federal and Indian minerals leases. More than 1,600 companies submit reports of mineral sales and production and pay royalties for minerals that are sold or removed from these leases. Their standards of excellence have saved taxpayers' money, helped us meet our obligation to responsibly manage revenues associated with our Nation's mineral resources, and enhanced the viability of this nation's energy program. In fact, Devon, Yates and MacPherson, are receiving this award for a second time.
Consideration is given only to companies who report electronically.
For royalty reporters, Devon Energy Corporation recorded the lowest error rate of .6 percent for a large company, and North American Resources recorded the lowest error rate of 1.0 percent for a small company. For production reporting, Yates Petroleum Corporation and Yates Drilling Company had the lowest error rate of .2 percent for a large company, and MacPherson Oil Company had the lowest error rate of .2 percent for a small company.