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WhiteHawk Energy acquires natural gas mineral and royalty interests across 475,000 gross unit acres in core of Marcellus shale

Oil & Gas 360º

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. Herz, Chief Executive Officer of WhiteHawk.

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Wasted Gas, Wasted Royalties – How Common-Sense Climate Policy Can Put Money Back in People’s Pockets

Energy Central

By EDF Blogs By Aaron Wolfe, Ari Pottens , and  Scott Seymour EDF economic analysis found that in 2022 oil 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.

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Fixed vs. Floating Royalty Considered by Texas Supreme Court

Texas Oil & Gas Attorney

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?

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Interest Paid on Past Due Royalties

Texas Oil & Gas Attorney

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. The specific language in the lease is: Continue reading The post Interest Paid on Past Due Royalties appeared first on Texas Oil and Gas Attorney Blog.

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Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

The Energy Law

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.

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Viper strikes rare mineral merger with $4.1B Sitio buy

Enverus

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.

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Sixth Circuit Court of Appeals Affirms District Court Decision on Royalty Calculations

Vorys Energy

On February 1, 2022, the United States Court of Appeals for the Sixth Circuit affirmed the lower court’s decision in Zehentbauer Family Land, LP, et al. The Court held that the lessees’ payment of royalties based on amounts they received from sales to their affiliates at the well was proper and followed the language of the lease.

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