SHARE

The U.S. Office of Natural Resources Revenue has fined a privately held New Mexico oil company over $717,000 for failing to provide production reports.

Production report filings to the government are required for operators with leases on federal lands.

The company, CFM Oil, is based in Artesia, New Mexico.

CFM received a noncompliance notice from the ONRR in April 2013 for failure to report production.

“Despite several contacts by ONRR, CFM did not provide the production reports to ONRR, and still has not provided the required information,” the agency said.

Greg Gould, ONRR Director, said the civil penalty will continue to accrue until the reports are submitted.

“It is unacceptable for energy companies to fail to report production as required by law,” Gould said in a statement.

State records list CFM as the operator of 38 wells on federal leases.

Last production reported was in May of 2012.