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Value was heavily driven by just two large transactions – EOG’s purchase of Encino Acquisition Partners in the Utica and Viper Energy Partners rare public mineral merger with Sitio Royalties. Combined, these two transactions accounted for over 75% of second quarter deal value.
In the statement, TXOGA noted that, “since the Covid-low point of September of 2020”, the sector has added 51,200 Texas upstream jobs, which TXOGA pointed out is a 33.7 percent increase and an average growth of 875 jobs per month. It was founded in 1919.
“Value was heavily driven by just two large transactions - EOG’s purchase of Encino Acquisition Partners in the Utica and Viper Energy Partners' rare public mineral merger with Sitio Royalties,” it added. billion, followed by the Viper Energy Partners - Sitio Royalties deal with a value of $4.06
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). In February 2025, NGP and the Elk Range team established Elk Range Royalties III.
Leases awarded through Sale 262 would be limited to exploration and development; areas withdrawn by a 2020 presidential order, portions near the Eastern Gap and the Flower Garden Banks National Marine Sanctuary remain off-limits.
Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. billion in capital since its launch in 2020, including assets in Permian Basin and Eagle Ford in Texas. Elk has deployed more than $1.2
Sheppard is a royalty dispute between several lessees, Devon Energy Production Co., concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. See 13-19-00036-CV, 2020 WL 6164467, at *12 (Tex. 22, 2020, pet. and several lessors, Michael A. Sheppard, et.
With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. But the Court’s sporadic holdings regarding royalty clauses, each so specific to the particular language of the lease, have left lessees on unsteady footing. Heritage Resources , 939 S.W.2d
UNOCAL also reserved a 3% overriding royalty. Oral argument has been tentatively set for the week of April 27, 2020. UNOCAL assigned operating rights in the leases to ATP, who later assigned 20% of those rights to Sojitz. UNOCAL retained rights as to certain depths, but never conducted any lease operations whatsoever at any depth.
The Eastland Court of Appeals addressed, for the first time, the interpretation of a double-fraction royalty reservation in light of Van Dyke. centered on whether a 1933 deed reserved a floating 1/4 royalty interest or a fixed 1/32 interest. The case ( Boren Descendants v. Fasken Oil & Ranch, Ltd. , LEXIS 8405, at *1 (Tex.
A special meeting of the Louisiana State Mineral and Energy Board was held on April 29, 2020, to address the impacts of both COVID-19 and historically low oil prices on operation and maintenance of Louisiana State Leases. The Board approved two proposed resolutions (1. Proposed Enforcement Moratorium Resolution 2.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. As a result, the federal government, which drafted a record-breaking budget of $34 billion for 2020, has had to look for other ways to boost oil revenues.
After the absolute disaster of COVID quarantines in 2020, oil activity and, therefore, mineral rights prices, didnt begin to recover until mid to late 2021, said Garrett Phelan. Selling mineral rights involves getting money up front instead of receiving a monthly royalty check paid across many years. Phelan is CEO of U.S.
The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. The 2020 election is less than two weeks away, and the stark differences between each candidate’s energy policies highlight what this election may mean to the oil and gas industry. away from its reliance on fossil fuels.
The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. The 2020 election is less than two weeks away, and the stark differences between each candidate’s energy policies highlight what this election may mean to the oil and gas industry. away from its reliance on fossil fuels.
The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. The 2020 election is less than two weeks away, and the stark differences between each candidate’s energy policies highlight what this election may mean to the oil and gas industry. away from its reliance on fossil fuels.
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