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GKP outlines Payments to Govts for 2024

Iraq Business News: Oil & Gas

Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A

Royalty 45
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When Contract Language Costs Millions: Court Strikes Down Post-Closing Assignment 'Corrections'

Producer's Edge

the El Paso Court of Appeals reversed a trial court's summary judgment and held that post-closing "corrections" to overriding royalty assignments were invalid and unenforceable against a subsequent purchaser. —El Paso Jan. 28, 2025, no pet. The sales contracts addressed this extra up-to-5% interest through Section 8.1(iii),