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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
With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. But the Court’s sporadic holdings regarding royalty clauses, each so specific to the particular language of the lease, have left lessees on unsteady footing. Heritage Resources , 939 S.W.2d
Underground Services Markham, LLC and United Brine Pipeline Co., 30, 2024), the Court also considered how a salt royalty should be calculated. Myers owns the surface and a 1/8 royalty in the minerals. appeared first on Texas Oil and Gas Attorney Blog. In this case, Myers-Woodward, LLC v. granted (Aug. Carter , 808 S.W.2d
With access to one of the largest natural gas reserves in the world, the region has seen hundreds of thousands of family-sustaining jobs created across sectors not only in drilling and pipeline operations, but also in manufacturing, construction, engineering, and local service industries.
Finally, the regulations will likely address other key issues including transportation pipelines, spacing between lease areas, environmental monitoring requirements, and use of legacy OCS infrastructure for CCS purposes. In addition to BOEM and BSEE, several other administrative agencies are conducting work related to offshore carbon capture.
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 energy exports.
Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title. The Blog/Web Site should not be used as a substitute for legal advice from a licensed professional attorney in your state regarding a particular matter.
Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title. The Blog/Web Site should not be used as a substitute for legal advice from a licensed professional attorney in your state regarding a particular matter.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. All was fine, said the Attorney General. A reality the Governor’s constituents are now forced to face.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. All was fine, said the Attorney General. A reality the Governor’s constituents are now forced to face.
The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. “For each dollar that WTI fluctuates, Albertas royalty revenues vary by approximately $750 million. Click here to listen to the full radio segment.
Read more Trump officials are visiting Alaska to discuss a gas pipeline and oil drilling Summary : Three Trump officials visit Alaska to push Arctic oil drilling and an 810-mile LNG pipeline ($44B estimated cost), despite environmental concerns. Weak power demand (-4.4% Read more U.S.
Meanwhile, negotiations to restart Kurdish oil exports through the Iraq-Turkey pipeline stalled due to unresolved payment and contract issues. These leases, governed by the National Environmental Policy Act, have a 10-year term with a 16.67% federal royalty rate.
As part of his plan to transition from fossil fuels to renewable sources of energy, Biden intends to offer research investments and tax incentives to accelerate the development of carbon capture and sequestration technologies (“CCS”), a process discussed in a recent blog post. Communications include firm news, insights, and events.
As part of his plan to transition from fossil fuels to renewable sources of energy, Biden intends to offer research investments and tax incentives to accelerate the development of carbon capture and sequestration technologies (“CCS”), a process discussed in a recent blog post. Communications include firm news, insights, and events.
As part of his plan to transition from fossil fuels to renewable sources of energy, Biden intends to offer research investments and tax incentives to accelerate the development of carbon capture and sequestration technologies (“CCS”), a process discussed in a recent blog post. Communications include firm news, insights, and events.
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