Rigzone

JULY 4, 2025

The company said in a media release production resumed following major site upgrades in 2024 and 2025. In 2024, a significant upgrade of the site’s production facilities and bund area was initiated and completed in May. In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4

Exploration and Production

Rigzone

JULY 22, 2025

The assets to be sold had around 36 million barrels of proven and probable reserves as of yearend 2024, according to Tullow. Tullow Oil Gabon holds Tullow’s entire portfolio in the Central African nation, which consists of non-operating stakes. It expects the assets to produce approximately 10,000 barrels of oil per day this year.

Energy

Oilfield Technology

JULY 2, 2025

“Over 1450 bbl of high-quality oil have now been produced and sold from Keddington since recommissioning, contributing meaningful additional revenues, complementing our established cash flow from Wressle in the UK and our growth projects in the USA at Moccasin, the Andrews Field and our Mineral Royalty portfolio.”

Hydraulic Fracturing

Rigzone

JULY 28, 2025

“That is the second lowest quarterly deal value since the start of 2024 and placed 1H25 M&A value at $30.5 billion, a 60 percent drop compared to the first half of 2024,” EIR said in the statement. billion, followed by the Viper Energy Partners - Sitio Royalties deal with a value of $4.06

Upstream

Oil & Gas 360º

JULY 14, 2025

The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. London, Mexico City, and Shanghai.

Energy

Oil & Gas 360º

JULY 23, 2025

The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. London, Mexico City, and Shanghai.

Energy

BOE Report

JULY 14, 2025

CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025. Total royalty production [Read more]

Royalty

Oil & Gas 360º

JULY 23, 2025

billion change hands, which is a 60% decline compared with the same period of 2024. Viper Energy (NASDAQ: VNOM ) followed with its purchase of Sitio Royalties for $4.1 There were $13.5 billion worth of deals disclosed in the quarter ended June 30, marking a 21% drop quarter-over-quarter, Enverus said. billion in June.

Upstream

Rigzone

JULY 16, 2025

The Texas Independent Producers & Royalty Owners Association’s (TIPRO) latest State of Energy report, which was released back in March, stated that the U.S. oil and gas industry employed 2,055,516 professionals in 2024. The total U.S. has cut 47 rigs compared to year ago levels. There were 384,187 direct U.S.

Oil

Marcellus Drilling News

MARCH 12, 2025

Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the the energy industry in 2024 (full copy below).

Natural Gas

Oil & Gas 360º

MARCH 24, 2025

(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.

Royalty

BOE Report

MARCH 12, 2025

CALGARY, Alberta, March 12, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. Freehold or the Company) (TSX:FRU) announces fourth quarter and year-end results for the period ended December 31, 2024. Fourth Quarter 2024 Highlights $77 million in revenue; $61 million in funds from operations ($0.40/share)(1)(3);

Royalty

Oil and Gas Investments

JUNE 11, 2025

So the government needs all the employment, taxes and royalties from this asset. The government has a 3% royalty on the Selebi Mine—they are vested in a re-start as quickly as possible! It was an underground mine, but NEXM plans to re-open it as a lower-grade, open pit mine—a Nov 2024 resource estimate shows 44.2

Exploration and Production

BOE Report

APRIL 28, 2025

CALGARY, AB, April 28, 2025 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period and year ended December31, 2024.

Royalty

Rigzone

MARCH 6, 2025

Rigzone takes a look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report.

Royalty

Oil & Gas 360º

JUNE 3, 2025

NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% About Sitio Royalties Corp. About Viper Energy, Inc.

Royalty

Oil and Gas Lawyer

JANUARY 13, 2025

On the last day of 2024 the Texas Supreme Court issued its opinion in ConocoPhillips v. 23-0024, putting to rest a long-running dispute between Kenneth Hahn and ConocoPhillips (COP). The opinion deals with a fixed vs. floating NPRI reservation, and a stipulation of interest addressing the reservation.

Royalty

BOE Report

MARCH 10, 2025

CALGARY, AB, March 10, 2025 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited(1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 (“Q4 2024”).

Royalty

Oil & Gas 360º

JUNE 27, 2025

(World Oil) – The Bureau of Ocean Energy Management (BOEM) has published a Proposed Notice of Sale (PNOS) for Lease Sale 262, the first of three offshore auctions in the Gulf of America under the 2024–29 Outer Continental Shelf Leasing Program.

Oil

Producer's Edge

MARCH 25, 2025

The lease royalty case Carl v. 2024) on questions certified in Carl as Co-Tr. 2024) involved a dispute over whether the lessee was permitted to deduct volumes of gas used off the premises to power post-production activities on other gas produced from the same well. Hilcorp Energy Co., 3d 894, 896 (Tex. of Carl/White Tr.

Royalty

Producer's Edge

MARCH 25, 2025

The lease royalty case Carl v. 2024) on questions certified in Carl as Co-Tr. 2024) involved a dispute over whether the lessee was permitted to deduct volumes of gas used off the premises to power post-production activities on other gas produced from the same well. Hilcorp Energy Co., 3d 894, 896 (Tex. of Carl/White Tr.

Royalty

Texas Oil & Gas Attorney

MAY 9, 2025

3d 544 (2024) , the Texas Supreme Court addressed a case where the Plaintiff claimed that two leases had terminated because a shut in royalty payment was made late. The leases in question had a pretty standard shut in royalty clause that allowed a payment of $50.00 In Scout Energy Management, LLC v. Taylor Properties, 704 S.W.3d

Royalty

Producer's Edge

APRIL 30, 2025

Court Interprets “Free of Cost Forever” Royalty Language Broadly In this case ( Fasken Oil & Ranch, Ltd. 04-23-00106-CV, 2024 WL 4608591 [Tex. 30, 2024, no pet. 30, 2024, no pet. Background: 1960 Deed and Royalty Dispute The dispute arose from a 1960 deed where B.A. —San Antonio Oct.

Royalty

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

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. These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024.

Royalty

Texas Oil & Gas Attorney

JUNE 14, 2024

In a recent case, the Texas Supreme Court considered whether interest on late royalty payments was supposed to be simple or compound interest. 3d 501, 2024 (Tex. When Samson paid previously unpaid royalties to the Plaintiff, it included simple interest. In Samson Exploration, LLC v. Bordages, 662 S.W.3d

Royalty

BOE Report

APRIL 14, 2025

CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its first quarter operating and financial results for the period ended March31, 2025. Total [Read more]

Royalty

Iraq Business News: Oil & Gas

APRIL 2, 2025

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

Enverus

JUNE 3, 2025

In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 billion inclusive of net debt. billion in 2022.

Royalty

Producer's Edge

APRIL 30, 2025

08-23-00216-CV, 2024 WL 4528917 [Tex. 18, 2024, no pet. 18, 2024, no pet. The 1996 Assignment and Unit Agreement Michael Cass owned a 2.125% overriding royalty interest in certain leases that were part of the North Pembrook Spraberry Unit. Case Overview This recent case ( Rock River Minerals, LP v. Pioneer Nat.

Royalty

Rigzone

MARCH 6, 2025

The company said its working-interest oil production before royalties in the Manora field in the Gulf of Thailand has increased from 2,144 bpd in December 2024 to 2,866 bpd.

Field

The Energy Law

FEBRUARY 22, 2024

22-20226, 2024 WL 137038 (5th Cir. Jan 12, 2024) concerns how three related provisions in an oil and gas lease interact: (1) a royalty clause; (2) a free-use clause; and (3) an off-lease clause. Related to royalty provisions are “free-use clauses” and “off-lease clauses.” Hilcorp Energy Company , —F.4th—,

Royalty

Producer's Edge

DECEMBER 3, 2024

This article discusses a couple more cases in 2024. 08-23-00153-CV, 2024 WL 2780419, at *1 (Tex. —El Paso May 30, 2024, no pet.), Travis Lattner, Jr., “a non-participating royalty of one-fourth (1/4th) of the landowner’s usual one-eighth (1/8th) royalty on oil and gas produced and saved from said land[.]

Royalty Interest

Oil Gas Leads

MARCH 13, 2025

According to the latest State of Energy Report from the Texas Independent Producers & Royalty Owners Association (TIPRO) , oil and gas workers earned an average annual salary of $227,000 in 2024 an increase of $4,389 from 2023. Wages in 2024 with $227,000 Annual Average appeared first on Oil Gas Leads.

Gas

Producer's Edge

APRIL 30, 2025

The Case In this recent case, the Texas Supreme Court resolved whether ratification of a lease or signing of a stipulation agreement could transform a fixed non-participating royalty interest (NPRI) into a floating NPRI. 23-0024, 2024 WL 5249570 (Tex. " The Gipses later leased the minerals to ConocoPhillips for a 1/4 royalty. ."

Royalty

Texas Oil & Gas Attorney

MAY 17, 2024

The Texas Supreme Court recently considered oil and gas leases that involved the interaction of the “free use of gas” clause and the royalty due on gas used off the leased premises. 3d , 2024 WL (Tex. The leases stated that Hilcorp must pay as royalties on gas. Hilcorp Energy Co., for all operations hereunder.

Gas

Producer's Edge

APRIL 30, 2025

The Eastland Court of Appeals addressed, for the first time, the interpretation of a double-fraction royalty reservation in light of Van Dyke. 11-22-00365-CV, 11-23-00001-CV, 2024 Tex. 5, 2024, no pet. centered on whether a 1933 deed reserved a floating 1/4 royalty interest or a fixed 1/32 interest. —Eastland Dec.

Royalty Interest

Oil & Gas 360º

MAY 15, 2025

million in common shares of Tourmaline Taken together, the disposed assets generated $149 million of operating earnings in 2024 (12% of total Strathcona YE 2024 operating earnings, excluding interest and other corporate items) and had a YE 2024 proved PV-10 before-tax of approximately $2.3 (Tourmaline) for $291.5

BBL