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Another Look at Recent Rulings by WV Supremes re Royalty Deductions

Marcellus Drilling News

The West Virginia Supreme Court recently issued two 3-2 decisions reinforcing that oil and gas producers generally cannot deduct post-production costs from royalty payments to mineral owners unless lease agreements explicitly permit such deductions. BB Land LLC on “in-kind” royalty.

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WV Supremes Rule on “In-Kind” Royalties & Post-Production Deductions

Marcellus Drilling News

In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases). One of those two was Kaess v. BB Land LLC, a case we were not previously aware of.

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New Mexico Gambles on Higher Royalties as Oil Prices Tank

OilPrice

a barrel since Januaryhovering uncomfortably around $68New Mexico lawmakers just gave oil producers something else to stew over: higher royalty rates. The bill raises the maximum royalty rate on the states premium oil and gas leases from 20% to 25%the first change since 1970, when disco was en vogue and the EPA started

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Diamondback Unit to Buy Sitio Royalties in $4-Billion All-Stock Deal

OilPrice

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S.

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WV Supreme Court Grants Landowners Second Major Win in a Week

Marcellus Drilling News

In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases). Earlier this week, MDN reported the WV Supreme Court had ruled on the first of the two cases,

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WV Legislature Advances Bill to Fine Drillers for Royalty Nonpayment

Marcellus Drilling News

There are deadbeats in every industry, including (unfortunately) the oil and gas industry. Some O&G producers in West Virginia are gaming the system by not paying landowners/rights owners the royalties they are due. Typically, this does not apply to shale drillers, mostly larger companies.

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Mesa Royalty Trust Announces Trust Income for June 2025

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