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Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S.
(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.
(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas.
(World Oil) –Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, have announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips.
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% billion as of March 31, 2025.
Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Elk Range buys mineral and royalty interests across multiple U.S. Concord Oil and Mission Oil.
Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. Mentor said its royalty stream is equivalent to 12.5 The post Mentor Capital purchases royalty acres in 71-well project in Permian Basin appeared first on Permian Basin Oil and Gas Magazine.
Midland-based Permian Resources last week revised 2025 guidance after making a bolt-on acquisition in northern Delaware Basin. Permian Resources acquired 13,320 net acres and 8,700 net royalty acres from APA Corp. The post Permian Resources acquires Delaware Basin assets from APA Corp. for $608 million.
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. Charlie Shufeldt, CEO, said March 21, The DJ Basin presents some of the best operator economics in the U.S., Elk has deployed more than $1.2
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.
million judgment for reimbursement of mineral royalties. In 2006, a group of landowners filed a class action lawsuit against the State of Louisiana through the Louisiana Department of Natural Resources (“LDNR”) concerning the ownership of riverbanks in the Catahoula Basin. 1/1/23), So.
Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. million shares repurchased in April 2025 ($10.52
TSXV: CCEC ) ( FSE: 4JH ) is pleased to announce that it has been granted its first drilling permit from the Hungarian Mining Directorate for the CC- Ba-E-2 appraisal well at its 100% owned Kiskunhalas tight gas project in Hungarys Pannonian Basin. (Oil & Gas 360) – CanCambria Energy Corp.
Permian Resources (NYSE: PR), based in Midland, TX, is doubling down on its position in the Permian Basin with a $608 million acquisition of prime acreage in southeast New Mexico from APA Corp (parent of Apache).
Texas Independent Producers and Royalty Owners Association said April 18 that upstream employment in the Texas oil and gas industry declined in March. The post TIPRO reports decline in Texas upstream employment for March appeared first on Permian Basin Oil and Gas Magazine. Austin-based TIPRO cited data from U.S.
the El Paso Court of Appeals reversed a trial court's summary judgment and held that post-closing "corrections" to overriding royalty assignments were invalid and unenforceable against a subsequent purchaser. —El Paso Jan. 28, 2025, no pet. The sales contracts addressed this extra up-to-5% interest through Section 8.1(iii),
The flurry of merger and acquisition (M&A) activity over the last two years has changed the minerals landscape in the Permian Basin, along with most producing basins in the United States. Regarding the bolt-ons and consolidation of acreage, Lee noted that Ovintiv recently divested its Uinta Basin assets in order to buy others.
billion in provincial natural gas royalties over the next three years (up from just $600 million last year). Massive Economic and Market Impacts The opening of LNG Canada is expected to: Generate $3.3 Help Canada diversify its natural gas markets beyond the U.S. Support long-term development of Alberta and Saskatchewans gas resources.
MSC President Welty: A robust MSC membership is a reflection of the competitiveness of the basin, particularly here in Pennsylvania. But we are under constant threat from our detractors and policies that are not conducive to development and related opportunities.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The proposals got approved as amendments to the 1993 Deep Offshore and Inland Basin Production Sharing Contractin October. on frontier and inland basin projects.
Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. The EIA forecasts U.S. crude output to grow from 13.2
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
LOCATION-LOCATION-LOCATION The Autazes project is located along the Amazon Potash Basin, in NW Brazil, about 100 miles from the city of Manaus. The mine is expected to have a life of 23 years at this rate based on drilling only a VERY small portion of this potentially massive potash basin. Which is a BIG advantage!
Energy companies with decades of operational history across diverse basins and conditions possess an irreplaceable asset that even well-funded competitors cannot replicate. Proprietary Data: The Ultimate Competitive Moat In this new landscape, proprietary data becomes your most defensible competitive advantage.
In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on natural gas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet. Jonathan Fritz at the roundtable.
House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. 23 Oil & Gas Royalty Rate Changes (Sen. This session marked the fourth attempt in the past five sessions by the SLO to raise the ceiling for royalty rates on leases. 137, and H.B.
In a blow to Pennsylvania landowners, a judge recently dismissed a lawsuit aiming to overturn the Delaware River Basin Commission (DRBC)s ban on natural gas development within the watershed that robs private property owners of their right to realize the benefits of the energy beneath their feet. Jonathan Fritz at the roundtable.
And the lone infrastructure success for the Appalachian Basin, the Mountain Valley Pipeline (MVP), actually took an act of Congress to complete and become operational.
natural gas producers and investment firms are gearing up for more activity in Louisianas Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. (BOE Report) – U.S. Aethon is exploring an IPO or asset sales, given demand for its product.
Read more US drilling activity rises, led by Permian Basin surge Summary : The U.S. oil rig count increased by 6 to 582 in late January, driven by growth in the Permian Basin, which saw a gain of 5 rigs, reaching 303. Despite the increase, Texas and New Mexico experienced modest growth, with 277 rigs in Texas and 106 in New Mexico.
And the lone infrastructure success for the Appalachian Basin, the Mountain Valley Pipeline (MVP), actually took an act of Congress to complete and become operational.
Alaska leaders seek 90% of federal oil royalties as state revenues suffer from low oil prices, while supporting ConocoPhillips’ Willow oil project. While Delaware Basin permits rose 28% to 127, analysts expect sustained lower activity as operators adjust to oversupply concerns and OPEC+ output cuts easing. Read more U.S.
The Permian Basin saw the largest decline, losing three rigs and dropping to 297, the lowest level since February 2022. Geology and water say were close Summary : Some Permian Basin areas have hit geological limits, with the gas-to-oil ratio rising from 34% in 2014 to 40% in 2024, signaling production constraints.
The Interim Storage Partners license was challenged by Fasken Land and Minerals, a Texas-based oil and gas extraction organization, and the nonprofit Permian Basin Coalition of Land and Royalty Owners and Operators. Texas and New Mexico later joined the challenge, arguing the facility posed environmental risks to the states.
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