Marathon Oil

Stephanie Joyce

    

The Wyoming Supreme Court has decided an oil and gas company is liable for paying royalties and the costs of cleanup even though it sold its wells.

Pennaco Energy, a subsidiary of Marathon Oil, had sold its coal-bed methane wells in the Powder River Basin to High Plains Gas. High Plains subsequently went out of business without paying surface owners any royalties and without cleaning up the wells.

Governor Matt Mead is wrapping up a trip to Texas where he's been meeting with officials of some of the nation's largest energy companies to try to drum up support for the University of Wyoming's School of Energy Resources.

Renny MacKay is spokesman for Mead in Cheyenne. MacKay says Mead and UW officials have been in Houston and Dallas since Tuesday.

MacKay says they've been meeting with representatives from such energy firms as Exxon, Mobil and Marathon Oil Corp. He says Mead is due back in Wyoming on Wednesday afternoon.