article thumbnail

Affirmative Defenses Are Insufficient to Rebut the Van Dyke Presumption

Producer's Edge

centered on whether a 1933 deed reserved a floating 1/4 royalty interest or a fixed 1/32 interest. Specifically, the deed’s language reserved “an undivided one-fourth (1/4th) of the usual one-eighth (1/8th) royalty.” Fasken Oil & Ranch, Ltd. , 11-22-00365-CV, 11-23-00001-CV, 2024 Tex.

article thumbnail

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. NYSE:STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 About Sitio Royalties Corp. billion, including Sitios net debt of approximately $1.1

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CanCambria Energy Corp announces resource evaluation report for the Kiskunhalas tight-gas project, southern Hungary

Oil & Gas 360º

The company holds 100% working interest and 98% net royalty interest across the greater BA-IX mining license at the Kiskunhalas project. The report includes an area of 4,000 net acres with the Development Pending sub-class for Contingent Resources.

Gas
article thumbnail

Who Owns the Void? Oral Arguments at SCOTX Regarding Underground Storage Rights

Producer's Edge

The deed severed the mineral estate from the surface estate, with Myers-Woodward LLC (“Myers”) now owning the surface estate and a 1/8th non-participating royalty interest in minerals. ” The Fifth Circuit, applying Texas law in  Dunn-McCampbell Royalty Interest, Inc. 3d 39 , 47 (Tex.