This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This $118 million transaction doubles the Companys present ownership interest in a portion of its Marcellus Shale royalties position (across 475,000 gross unit acres) primarily focused in Washington and Greene counties, Pennsylvania. The transaction has an effective date of January 1, 2025. Herz, Chief Executive Officer of WhiteHawk.
By EDF Blogs By Aaron Wolfe, Ari Pottens , and Scott Seymour EDF economic analysis found that in 2022oil and gas operators across Alberta wasted $671 million in natural gas, costing the provincial government over $120 million in lost royalties and uncollected corporate taxes.
Entropy entered a strategic $300 million investment agreement with Brookfield Asset Management in 2022. Publisher’s Note: Advantage Energy will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Register to attend.
The Texas Supreme Court is going to hear a case in which the issue is whether the interest to be paid on past due royalties is simple or compound interest. App.Beaumont 2022, pet. granted September 1, 2023) , the lessors executed a number of oil and gas leases with Samson. In the case of Samson Exploration, LLC v. 3d 501 (Tex.
Whether a royalty granted or reserved in a deed is a “fixed” or “floating” royalty has resulted in a lot of litigation in Texas. 3d , 2022 WL 17351596 (Tex.Civ.App.Corpus Christi 2022, pet. The question is: does the stipulation of interest change the original fixed royalty into a floating royalty?
While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners.
In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 Now, for just the second time Enverus has tracked, two publicly traded minerals companies are combing with Viper Energy Partners buying Sitio Royalties for $4.1 billion in 2022.
In 2022, in a case decided by the Corpus Christi Court of Appeals , the issue was who owns the right to use underground salt caverns: the mineral owner or the surface owner? 3d , 2022 WL 2163857 (Tex.Civ.App.Corpus ChristiEdinburgh 2022), pet. 30, 2024), the Court also considered how a salt royalty should be calculated.
Ohio’s Seventh District Court of Appeals recently held that an “anti-washout” provision found in multiple assignments of overriding royalty interests covering leases that subsequently expired was not binding on the original lessee’s assignees, which had taken new leases to those same lands, as there was no privity of contract.
Some of these local benefits include the billions paid in royalties to landowners and government entities across Pennsylvania. During the 12 th annual Pennsylvania Oil and Gas Landowner Alliance (POGLA) conference at State College, Welty emphasized the more than $6 billion in natural gas royalties paid in 2022 alone.
The Minister for Lands and Natural Resources, Samuel Abu Jinapor, commended President Akufo-Addo and Vice President Dr. Mahamudu Bawumia for the successful implementation of the Gold for Oil Policy, hailing it as a pivotal strategy that stabilized the local currency and alleviated fuel costs.
The two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework. total CO 2 emissions.
The depletion allowance is a tax provision in the United States designed to account for the reduction of natural resources, such as oil and gas, as they are extracted and sold. For the oil and gas industry, the depletion allowance functions similarly to depreciation for other types of assets.
Oil and gas related injection wells are considered Class II wells and are regulated by the Underground Injection Control (UIC) program within the Office of Conservation, which has achieved primary enforcement authority under the applicable federal guidelines. 1, issue 1, sagetech.org.
In the original Johnson decision, the district court sent shockwaves across the oil and gas industry in Louisiana by finding that post-production costs were not properly deductible against proceeds owed to unleased mineral owners. Chesapeake.
Intangible Drilling Costs (IDCs) play a crucial role in oil and gas investments, offering significant tax advantages that can enhance profitability for investors. Intangible Drilling Costs (IDC) are a critical element of the financial landscape in the oil and gas industry. What are intangible drilling costs?
The so called “Anadarko Washout” involves a washout of oil and gas leases on undivided working interests owned by non-operating mineral cotenants. July 21, 2022) (emphasis added). The Court’s reasoning was simple, and firmly rooted in Texas oil and gas jurisprudence. Anadarko Petroleum Corp., 3d 73, 93 (Tex.
The courts summary states, This dispute concerns whether the mineral lessee or the surface estate holder owns the produced water from oil and gas operations. These leases conveyed to Cactus the produced water from oil and gas operations on the land. Cactus informed COG of its leases. Phelan is CEO of U.S. Why do they sell?
A pre-feasibility study was done on the deposit in October 2022. Part of the funding for Autazes will come from a royalty agreement with Franco Nevada. That is $1M for the option – the purchase price of the royalty will be based on a 12.5% There is also a 2% royalty that will be paid to the Brazilian government.
A PROMISING PHASE II TRIAL Rezolute completed their Phase 2b study, called RIZE, in August 2022. Under this agreement they made a milestone payment of $2M Jan 2022. Once ersodetug is commercialized, they will pay royalties to XOMA and there are $185M of sales related milestone payments. Which ersodetug seems to do.
Key attendees included Saudi Prince and Energy Minister Abdulaziz bin Salman, along with a slew of other oil and gas leaders who discussed energy investment, security and transition. Uninvited but present were also protesters, who called for the closure of the Strait of Hormuz. The conference is attended by invitation and accreditation.
New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants. Energy Information Administration (EIA) analysts have said previously.
New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants. Energy Information Administration (EIA) analysts have said previously.
March 31, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil inches up as investors await Trump’s actions on Russian oil, Iran Summary : Oil prices edged up on Monday, with Brent crude rising 0.59% to $73.19 Read more Peak Permian?
On February 11, 2022, the Biden Administration’s climate change agenda sustained a major blow as Judge James D. In short, the Plaintiff States would suffer increased energy costs, additional regulatory burdens, violation of their procedural rights, and reduced revenue from taxes and royalties as energy production and exploration slowed.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content