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Viper SWOT Viper Energy delivers strong operational results, with Q1 2025 oil production of 31,311 barrels per day and industry-leading gross profit margins of 92.92 Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. Weak natural gas prices ($2.08/Mcf
TXOGA President Todd Staples said in the statement, “in these times of geopolitical uncertainty and military conflict, Texas remains not only a supplier of barrels but a builder of confidence” “It is encouraging to see job growth and for Texas and America to be seen as a stable trading partner. It was founded in 1919.
2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d
per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5
Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 House of Representatives passed Speaker Pelosi’s Energy Bill, H.R.
Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country.
HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. and www.strathconaresources.com. Boe may be misleading, particularly if used in isolation.
Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.
4 million barrels daily in Spring 2025, with export growth constrained by contractual terms and OPEC+ agreements. LNG is now 55% of total traded gas, helped by malicious damage to pipelines and the time needed to extend more gas pipelines to Asian consumers. An updated Merjan oil field development proposal has been prepared.
Shale and Alberta Oil Among these developments are OPEC+’s decision to unwind cuts; Brent, the world’s benchmark crude oil trading in the low $70s per barrel; and the increasing global trade uncertainty given President Donald Trump’s tariff tactics. Consequences for U.S. shale and Alberta producers.
Oil prices jump despite OPEC+ announcing another sharp production hike Summary : OPEC+ announced a 411,000-barrel-per-day production hike for July, its third consecutive increase, aiming to regain market share and pressure U.S. Stay tuned for weekly updates to keep you well-informed. Weak power demand (-4.4% Read more U.S.
per barrel and WTI gaining 0.68% to $69.83, as investors reacted to President Trump’s threats of 25%-50% secondary tariffs on Russian oil buyers and possible military action against Iran over its nuclear program. A high water-to-oil ratiofour barrels per barrel of oilis also driving up costs, challenging long-term output.
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