Reconciliation (2016)

Every country that participates in EITI reconciles its data.

The 2016 USEITI report looked at calendar year data for 2015. The 41 companies invited to participate are listed here, along with reported payments and reconciliation results for each revenue type. To learn more, review the scope of the reconciliation process or the list of companies included.

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Company participation, reporting, and reconciliation results

    • 41 companies were asked to report
    • 25 companies reported and reconciled $4.83 billion in Department of the Interior revenue
    • 12 out of 38 applicable companies reported -$308 million in corporate income taxes
    • 100% of 21 material variances have been explained

How are the numbers verified?

  • During the USEITI reconciliation process, the Independent Adminstrator compares company reports of payments to government records of revenue received. Here’s how they decide what to review and report:
  • Is there any difference between the amounts reported by the government and the company?
    yes
    no
  • Is the percentage difference greater than the margin of variance
    AND
    Is the dollar amount of the discrepancy greater than the variance floor?
    yes
    no
    • No further reason to review.
    • This is called a material variance, which means the Independent Administrator reviews details about the transaction to understand what happened.
    • The Independent Administrator identified and reviewed just 17 material variances, all of which were fully explained. No material variances were found to indicate significant errors or fraud. Here are some of the common explanations:

      • Differences in accounting systems. Some companies record transactions in their accounting systems differently than the government does, so revenue categories (such as rents, taxes, and royalties) may get lumped differently.
      • Differences in when payments were recorded. For example: a company may have made a payment and recorded it on December 31, and that payment was then recorded by the government on January 2 of the next year.
  • This means that our accounting systems in the United States are working correctly, and that company and government records are in agreement.

Material variance thresholds by revenue type

Variances are only considered material if the percentage difference is greater than the margin of variance the total dollar amount of the difference exceeds the variance floor.

Margin Revenue stream Variance floor
1% Royalties $100,000
Civil penalties $1,000
Taxes $100,000
2% Rents $50,000
Bonuses $100,000
Offshore inspection fees $20,000
BLM bonus and first year rentals $10,000
OSMRE AML fees including audits and late charges $100,000
3% BLM permit fees $10,000
OSMRE civil penalties including late charges $0
Other revenue $50,000
N/A BLM renewables N/A

Reported payments by company and revenue type

Payments reported by government (gov) and by company (co) Variance percentage (bold indicates material variances)
Shell E&P Company
Royalties $535,415,811 gov
$478,190,688 co
10.7% *
* A variance of $57,225,123 (10.69%) was identified for Shell E&P Company for the ONRR-Royalties revenue stream. Payment transactions totaling $57,605,231 were identified as paid by Shell E&P Company in December 2014 and recorded by ONRR in January 2015.
Bonus $37,887,325 gov
$37,887,325 co
0%
Rents $24,771,195 gov
$24,755,972 co
<1%
Offshore Inspection Fee $2,898,700 gov
$2,898,700 co
0%
Other Revenue $455,533 gov
$442,974 co
2.8%
AML Fees $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Permit Fees $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Corporate Income Tax $-239,325,651 gov
$-242,478,106 co
1.3% *
* A variance of $3,152,455 (1.32%) was identified for Shell E&P Company for the IRS-Federal Corporate Income Taxes revenue stream. Payment transactions for tax refunds totaling $1,578,450 were identified as paid by the IRS in 2015, but Shell E&P Company did not include these specific transactions in its submission since these refunds were not related to activities in extractive industries. Payment transactions for tax refunds totaling $4,730,905 were not identified as paid by the IRS to Shell E&P Company since these tax refunds were related to an overpayment made by a separate taxpayer in 2014, who was a member of Shell E&P Company in 2015.
ConocoPhillips
Royalties $155,308,934 gov
$155,310,033 co
0%
Bonus $30,435,859 gov
$30,362,934 co
<1%
Rents $22,797,376 gov
$22,686,512 co
<1%
Permit Fees $555,040 gov
$590,510 co
6.4% *
* The variance amount is the net result of ConocoPhillips making year-end payments in CYs 2014 and 2015 while BLM recorded them in CYs 2015 and 2016.
Bonus & 1st Year Rental $497,462 gov
$497,462 co
0%
Offshore Inspection Fee $108,500 gov
$131,361 co
21.1% *
* A variance of $22,861 (21.07%) was identified for ConocoPhillips for the ONRR Offshore Inspection Fees revenue stream. A $17,000 payment was reported by ConocoPhillips as part of the ONRR-Offshore Inspection Fees revenue stream, but ONRR recorded it as ‘on account’ for ConocoPhillips, and is not included in the payments reported by ONRR. Payments totaling $877 were reported as part of the ONRR-Offshore Inspection Fees revenue stream by ConocoPhillips, but identified by ONRR as part of the ONRR-Other Revenues revenue stream.
AML Fees $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Other Revenue $-7,460,211 gov
$-7,463,497 co
<1%
Corporate Income Tax N/A gov
did not report co
N/A
Hess Corporation
Royalties $121,879,024 gov
$121,879,890 co
0%
Bonus $8,292,948 gov
$8,295,948 co
<1%
Rents $2,289,484 gov
$2,320,328 co
1.4%
Other Revenue $461,116 gov
$464,102 co
<1%
Offshore Inspection Fee $398,500 gov
$398,500 co
0%
Permit Fees $266,260 gov
$266,260 co
0%
AML Fees $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Corporate Income Tax N/A gov
did not report co
N/A
Cloud Peak Energy Resources, LLC
Royalties $112,318,349 gov
$112,318,349 co
0%
Bonus $69,406,946 gov
$69,406,946 co
0%
AML Fees $22,197,745 gov
$22,197,745 co
0%
Corporate Income Tax $9,806,299 gov
$9,806,299 co
0%
Permit Fees $221,088 gov
$220,228 co
<1%
Rents $100,997 gov
$100,997 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Offshore Inspection Fee $0 gov
$0 co
0%
Other Revenue $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Ultra Resources Inc.
Royalties $107,727,673 gov
$99,204,910 co
7.9% *
* A variance of $8,522,763 (7.91%) was identified for Ultra Resources Inc. for the ONRR-Royalties revenue stream. Payment transactions totaling $7,462,352 were identified as paid by Ultra Resources Inc. in December 2014 and recorded by ONRR in January 2015. Payment transactions totaling $1,062,556 were identified as paid by Ultra Resources Inc. in January 2016 and recorded by ONRR in December 2015. Additionally, payment transactions totaling $1,179 were identified as paid by Ultra Resources Inc. in 2015 and recorded by ONRR in 2014.
Permit Fees $1,094,310 gov
$1,074,810 co
1.8%
Other Revenue $76,907 gov
$45,690 co
40.6%
Rents $6,006 gov
$9,908 co
65.0%
AML Fees $0 gov
$0 co
0%
Bonus $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Offshore Inspection Fee $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Corporate Income Tax N/A gov
$0 co
N/A
Concho Resources, Inc.
Royalties N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
QEP Resources, Inc.
Royalties N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
EPL Oil & Gas, Inc.
Royalties N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
Statoil
Bonus $69,413,541 gov
$69,413,541 co
0%
Royalties $58,944,352 gov
$58,629,414 co
<1%
Rents $7,454,512 gov
$7,532,317 co
1.0%
Offshore Inspection Fee $419,487 gov
$427,841 co
2.0%
Permit Fees $78,450 gov
$78,450 co
0%
AML Fees $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
Corporate Income Tax $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Other Revenue $-3,492,933 gov
$-3,449,925 co
1.2%
W&T Offshore, Inc.
Royalties $64,564,832 gov
$64,564,832 co
0%
Offshore Inspection Fee $4,344,700 gov
$4,344,700 co
0%
Rents $1,394,703 gov
$1,394,703 co
0%
Bonus $284,000 gov
$284,000 co
0%
ONRR Civil Penalties $170,000 gov
$170,000 co
0%
AML Fees $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
Corporate Income Tax $0 gov
$-60,532 co
100%
OSMRE Civil Penalties $0 gov
$0 co
0%
Permit Fees $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Other Revenue $-4,968,640 gov
$-4,968,640 co
0%
Oxy USA, Inc.
Royalties N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
EOG Resources, Inc.
Royalties N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
Talos Energy LLC
Royalties N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
Stone Energy Corporation
Royalties $46,672,034 gov
$46,672,041 co
0%
Rents $1,701,632 gov
$1,701,632 co
0%
Bonus $1,555,555 gov
$1,555,555 co
0%
Offshore Inspection Fee $1,047,000 gov
$1,047,000 co
0%
Other Revenue $753,862 gov
$753,862 co
0%
ONRR Civil Penalties $40,000 gov
$40,000 co
0%
AML Fees $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Permit Fees $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Corporate Income Tax N/A gov
$-7,187,950 co
N/A
Alpha Natural Resources, Inc.
Bonus $42,129,612 gov
$42,129,612 co
0%
Royalties $26,797,927 gov
$26,797,927 co
0%
AML Fees $16,478,459 gov
$16,442,458 co
<1%
Permit Fees $93,519 gov
$93,389 co
<1%
Rents $47,388 gov
$38,796 co
18.1%
Bonus & 1st Year Rental $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Offshore Inspection Fee $0 gov
$0 co
0%
Other Revenue $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Corporate Income Tax N/A gov
did not report co
N/A
Continental Resources, Inc.
Royalties N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
Murphy Oil USA Inc.
Bonus N/A gov
did not participate co
N/A
Royalties N/A gov
did not participate co
N/A
Rents N/A gov
did not participate co
N/A
Offshore Inspection Fee N/A gov
did not participate co
N/A
AML Fees N/A gov
did not participate co
N/A
Bonus & 1st Year Rental N/A gov
did not participate co
N/A
ONRR Civil Penalties N/A gov
did not participate co
N/A
OSMRE Civil Penalties N/A gov
did not participate co
N/A
Permit Fees N/A gov
did not participate co
N/A
Renewables N/A gov
did not participate co
N/A
Other Revenue N/A gov
did not participate co
N/A
Corporate Income Tax N/A gov
did not participate co
N/A
Red Willow Offshore, LLC
Royalties $482,510 gov
$482,510 co
0%
AML Fees $0 gov
$0 co
0%
Bonus $0 gov
$0 co
0%
Bonus & 1st Year Rental $0 gov
$0 co
0%
ONRR Civil Penalties $0 gov
$0 co
0%
OSMRE Civil Penalties $0 gov
$0 co
0%
Offshore Inspection Fee $0 gov
$0 co
0%
Other Revenue $0 gov
$0 co
0%
Permit Fees $0 gov
$0 co
0%
Renewables $0 gov
$0 co
0%
Rents $0 gov
$0 co
0%
Corporate Income Tax N/A gov
N/A co
N/A