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The company is about to complete a transformative “Drop Down” transaction with parent company Diamondback Energy (FANG) that promises to significantly reshape Viper’s production profile in 2025. It was finally signed in January 2025 and will complete in Q2 2025. Weak natural gas prices ($2.08/Mcf
Royalty and non-op management is drowning in inefficiencies. But here’s the reality: royalty and non-op management today face the same core problems: Administration bottlenecks: How can address changes be handled or direct deposit be set up quickly? The reality? Address changes turn into endless paperwork. If this resonates.
Dallas-based Peregrine Energy Partners said last week it acquired producing and non-producing oil and gas minerals and royalties in six states, including Texas and New Mexico. The newly acquired assets include interests in more than 1,100 producing wells operated by several of the industry’s leading companies.
Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “continue”, “demonstrate”, “expect”, “may”, “call for”, “can”, “will”, “believe”, “would” and similar expressions and include (..)
The deal adds ~13,320 net acres and 8,700 net royalty acres to PR’s core position in Eddy County , boosting near-term production and providing long-term development upside. (PR) has announced a $608 million bolt-on acquisition from APA Corp. enhancing its footprint in New Mexico’s northern Delaware Basin.
By Dana Douglas The Louisiana First Circuit Court of Appeal recently held that an operator is not responsible for payment of a non-operator’s royalties and overriding royalties before payout. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout. In Gulf Explorer, LLC v.
Bakersfield, CA, May 21, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (Trio or the Company), a California-based oil and gas company, today is pleased to announce that it has closed on the balance of certain petroleum and natural gas properties held by Novacor Exploration Ltd.
The completion of the transaction, expected in the third quarter, is subject to certain customary conditions precedent, including consent from the North Sea Transition Authority with respect to the change of control of GTNSL, according to the release. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.
In 2024, a significant upgrade of the site’s production facilities and bund area was initiated and completed in May. A technical review by the Operator confirmed that an undrained oil resource exists on the eastern side of the Keddington field.
the Third Circuit addressed the question of whether or not a mineral lessee must pay its lessor full lease-basis royalties for production undertaken during the effective period of a conditional allowable but prior to the effective date of a unit order. [1] Anglo-Dutch Energy, L.L.C. , Anglo-Dutch Energy, L.L.C. , Anglo-Dutch Energy, L.L.C. ,
Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 10] Gloria’s Ranch amended its petition to include a claim for failure to pay royalties on production in Section 15 (from the unit well drilled by Chesapeake).
This case presents two critical questions: Who owns subsurface caverns created by salt mining operations, and How should in-kind royalties be calculated for salt production? ” The Fifth Circuit, applying Texas law in Dunn-McCampbell Royalty Interest, Inc. Part II: The Royalty Calculation Dispute A. 3d 39 , 47 (Tex.
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S.
The company holds 100% working interest and 98% net royalty interest across the greater BA-IX mining license at the Kiskunhalas project. The complete resource evaluation can be downloaded from SEDAR+. The report includes an area of 4,000 net acres with the Development Pending sub-class for Contingent Resources. CanCambria Energy Corp.
In particular, statements, express or implied, concerning (i) EOGs future financial or operating results and returns, (ii) EOGs ability to replace or increase reserves, increase production, generate returns and rates of return, replace or increase drilling locations, reduce or otherwise control drilling, completion and operating costs and capital expenditures, (..)
Updated Guidance and Long-Range Plan Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company producing approximately 120 Mbbls / d (100% oil, 95 Mbbls / d thermal, 25 Mbbls / d conventional) with a 50-year 2P reserve life index and positive net cash (including marketable securities).
TETRA recently completed the drilling and sampling operations of an additional test well in the Evergreen Unit with very encouraging results. royalty on gross revenues from the lithium that Standard Lithium produces and sells from the TETRA option acreage. TETRA is the operator of the Evergreen Unit.
1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] in unpaid royalties and an additional double damages penalty of $484,058.52
Hunting will pay a 15% royalty to the sellers on revenue earned for a period of 15 years, post-completion. The Organic Oil Recovery process is a proven and innovative enhanced oil recovery technology which optimises reservoir performance and recovery rates.
Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. on other countries and responses thereto could have a material adverse effect on the Canadian, U.S. on other countries and responses thereto could have a material adverse effect on the Canadian, U.S.
The terminal is already 95% complete , and the startup timeline points to a mid-2025 launch for exports. billion in provincial natural gas royalties over the next three years (up from just $600 million last year). Alberta, and Saskatchewan direct access to global markets , including Asia.
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! Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Drill core samples (HQ: 63.5
In this new paradigm, vertical AI solutions are transforming the energy industry by completely automating data workflows from end to end. Unlike previous transitions that merely changed where work happened, this shift is fundamentally changing who (or what) performs the work.
royalty on Goldboro that Nexgold can re-purchase at their option. million M&I ounces do NOT include any new ounces that could be added from the 1200 metre drill program just completed. Nebari also gets a small 0.6% Goldborodrilled down to 500m so farremains wide open at depth.
The resulting settlement agreement required Anadarko to pay Cimarex for its 1/6th co-tenant share of the value of production, less Cimarex’s 1/6th share of the reasonable drilling completion and operations costs.
A PROMISING PHASE II TRIAL Rezolute completed their Phase 2b study, called RIZE, in August 2022. They plan to enroll in H125 and complete the trial in H126. Once ersodetug is commercialized, they will pay royalties to XOMA and there are $185M of sales related milestone payments. Which ersodetug seems to do. of revenue by 2031.
Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments. The consent decree neither defines the term “responsible corporate official.”
Given the fact that oil and gas operators often utilize concursus actions in disputes over mineral proceeds/royalties, the Court’s application of Article 4659 ensures that operators can continue to rely on the deposit of funds as satisfying not only their financial obligation to concursus claimants but also to the Court. However, art.
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. We are going to get this done, and once we start construction, were looking at anywhere from nine to 12 months, if you can believe it, the President said.
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. We are going to get this done, and once we start construction, were looking at anywhere from nine to 12 months, if you can believe it, the President said.
While Biden’s exact position on oil and gas production could still use some clarification (he has flip-flopped at least twice on whether he is opposed to fracking), he does not advocate for a complete ban on the use of fossil fuels.
While Biden’s exact position on oil and gas production could still use some clarification (he has flip-flopped at least twice on whether he is opposed to fracking), he does not advocate for a complete ban on the use of fossil fuels.
While Biden’s exact position on oil and gas production could still use some clarification (he has flip-flopped at least twice on whether he is opposed to fracking), he does not advocate for a complete ban on the use of fossil fuels.
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed. at 38-40. (2)
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed. at 38-40. (2)
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed. at 38-40. (2)
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