Examples of the 1974 Regulations in a sentence
According to plaintiff, there can be no dispute that the systematic undercollection of royalties and mismanagement of proceeds that the Osage II court found in the Tranche One trial months also characterize the activities of the government during the entire period that the 1974 Regulations were in place–from July 22, 1974 to August 13, 1990, Osage II, 72 Fed.
There is nothing in the 1974 Regulations that specifies that only lease prices offered by oil refiners qualify to set royalty rates; prices offered or paid by companies involved in exchanges or reselling such as Koch were equally valid.
The Reliability of the Koch DataFor the time period when the 1974 Regulations governed and price controls were no longer in effect, plaintiff’s expert Mr. Reineke performed calculations similar to those described in Part III.A.1.a above, but also relied on a set of offered-price data that plaintiff obtained from Koch Industries, Inc.
An offer was not required to have been accepted to be used to calculate royalty values under the 1974 Regulations (although it appears from the purchase agreements identified to the Top 50 lists that an overwhelming majority of the offers resulted in agreements).
The “Price Control” Breach: July 1974 to December 1980During a portion of the time period when the 1974 Regulations governed, covering approximately six and one-half years, prices for crude oil were subject to price and allocation controls.
Seventh, Mr. Martin argues that, because Koch characterized its Top 50 prices as offered prices “if the lease operator had a full tank of oil ready to sell on that day,” the prices were “conditional offers,” not formal offers in compliance with the 1974 Regulations.
Approximately 70 percent of my practice is workers' compensation related where I practice before the Workers' Compensation Hearings Division, Workers' Compensation Board and Appellate Courts.
The prices may not have resulted in sales on each day; however, by the terms of the 1974 Regulations that were in effect during this time period, the fact that the price was “offered” is all that matters.
In particular, defendant challenges all of the Tribe’s damages calculations related to the government’s alleged failure to collect royalties due under the leases and regulations on a monthly basis, based upon the “highest offered price” pursuant to the 1974 Regulations.
In any case, the 1974 Regulations do not require that purchases at the highest offered price exist, merely that the offers have been made.In addition, the fact that more than 98% of the Koch Top 50 offered prices are corroborated by documented transactions supports, rather than detracts from, the authority of the Koch Top 50 data.