Woodlands-based Anadarko agrees to settle lawsuit

June 20, 2011 5:19:27 PM PDT
The Woodlands-based Anadarko Petroleum and one of its subsidiaries have agreed to pay more than $17 million to settle a lawsuit. The oil company was one of many accused of underpaying royalties on natural gas leases on federal and tribal lands.

In total, oil companies have had to pay $249 million to settle similar lawsuits.