article thumbnail

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

Oil & Gas 360º

Receiving approval for our initial appraisal well in the field is a significant milestone for CanCambria and we are excited to be able to commence drilling in the coming months. The Company has submitted its drilling application to the Directorate for its second appraisal well, CC-Ba-E-3, and expects to receive the permit in due course.

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. CanCambrias Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches. for un-risked case. million, discounted at the same 10% rate.

Gas 130
Insiders

Sign Up for our Newsletter

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

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

Producer's Edge

" • More recently in Regency Field Servs., " • The Fifth Circuit similarly held for the surface owner in Dunn-McCampbell Royalty Int., " Given these features, the Court concluded that "the parties intended to create identical royalties for all three categories—oil, gas, and other minerals.

Royalty 52