article thumbnail

Chevron sells 70% stake in Haynesville shale assets to Tokyo Gas for $525 million

Oil & Gas 360º

Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. Tokyo Gas and CCI own an approximate 93% and 7% interest in TGNR, respectively. The transaction is anticipated to generate over $1.2

article thumbnail

CanCambria Energy Corp, receives first drilling permit for Kiskunhalas Project in Hungary

Oil & Gas 360º

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.

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 130
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

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% About Sitio Royalties Corp. billion which equates to less than 1.0x mboe/d) Approximately 16.1

Royalty 130
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. Anadarko E&P Onshore, LLC , 520 S.W.3d 3d 39 , 47 (Tex. National Park Service , 630 F.3d 3d 431 , 441 (5th Cir.

Royalty 52
article thumbnail

Who Owns the Empty Space? Texas Supreme Court Affirms Surface Ownership of Salt Caverns in Landmark Ruling

Producer's Edge

Anadarko E&P Onshore, LLC, 520 S.W.3d Second, the Court bluntly stated its view that "[e]mpty space is not a mineral, no matter how economically valuable it becomes," and later stated “despite its apparent complexity, much of this case boils down to the elementary observation that empty space is not salt."

Royalty 52