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Company: QEP Energy Company
Current Parent Company:
Diamondback Energy
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $1,207,800
Year: 2012
Date: September 30, 2012
Offense Group: government-contracting-related offenses
Primary Offense: federal leasing royalty violation
Secondary Offense: data submission deficiencies
Violation Description: Company knowingly maintained inaccurate oil and gas volume information pertaining to 953 royalty and/or production reports on 35 leases for as many as 22 months.
Level of Government: federal
Action Type: agency action
Agency: Interior Department Office of Natural Resources Revenue
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.