The Energy Law

JANUARY 24, 2007

The Associated Press reported today that a federal jury found Kerr McGee liable for additional royalties on crude oil produced from federal properties and sold through Texon. Kerr McGee had denied the allegations and claimed that no additional royalties were owed. Kerr McGee has indicated that intends to appeal the verdict.

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The Energy Law

SEPTEMBER 17, 2009

by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash.

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The Energy Law

JUNE 8, 2020

With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. But the Court’s sporadic holdings regarding royalty clauses, each so specific to the particular language of the lease, have left lessees on unsteady footing. Oil & Gas Co. 2d at 120-21.

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Marcellus Shale Coalition

MAY 12, 2025

Some of these local benefits include the billions paid in royalties to landowners and government entities across Pennsylvania. During the 12 th annual Pennsylvania Oil and Gas Landowner Alliance (POGLA) conference at State College, Welty emphasized the more than $6 billion in natural gas royalties paid in 2022 alone.

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Drillers

MARCH 24, 2020

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

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Iraq Business News: Oil & Gas

APRIL 2, 2025

Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A

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Reporting Oil and Gas

NOVEMBER 26, 2023

The Minister for Lands and Natural Resources, Samuel Abu Jinapor, commended President Akufo-Addo and Vice President Dr. Mahamudu Bawumia for the successful implementation of the Gold for Oil Policy, hailing it as a pivotal strategy that stabilized the local currency and alleviated fuel costs.

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The Energy Law

DECEMBER 11, 2006

. — (2006), the Supreme Court resolved a legal issue that has been at the center of federal royalty litigation for twenty years: viz. 2415(a), which imposes a 6-year statute of limitations for Government “every action for money damages. whether 28 U.S.C. On appeal, the D.C. Amoco Production Co. Watson , 410 F.3d 3d 722 (D.C.

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Producer's Edge

APRIL 30, 2025

The Eastland Court of Appeals addressed, for the first time, the interpretation of a double-fraction royalty reservation in light of Van Dyke. Fasken Oil & Ranch, Ltd. , centered on whether a 1933 deed reserved a floating 1/4 royalty interest or a fixed 1/32 interest. The case ( Boren Descendants v. LEXIS 8405, at *1 (Tex.

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Producer's Edge

MAY 19, 2025

May 16, 2025), the Texas Supreme Court resolved two significant issues affecting mineral owners and surface owners: (1) who owns the empty caverns created by salt mining operations, and (2) how to calculate royalty payments on produced salt. Despite this substantial production, USM did not pay Myers any royalty. Can a Cavern Be Owned?

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The Energy Law

JUNE 18, 2015

The 5-4 decision, authored by Justice Hecht, is the latest in a series of cases from high courts across the country addressing the sharing of “post-production costs” between royalty owners and oil and gas lessees.

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Producer's Edge

DECEMBER 3, 2024

Oil, gas, and other minerals that have not been extracted from the ground are treated as real property, to which the Texas UCC does not apply. Instead, the property laws of Texas govern perfection. Real property is not subject to the Texas UCC. But what about perfection?

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Oil & Gas 360º

MAY 30, 2025

(Oil & Gas 360) – Publisher’s Note: EOG Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. Pro forma production totals 275,000 barrels of oil equivalent per day creating a leading producer in the Utica shale play. Register to attend.

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. million acres in Alberta. The combined company will continue to pay Whitecap’s annual dividend of $0.73

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The Energy Law

SEPTEMBER 23, 2008

Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 House of Representatives passed Speaker Pelosi’s Energy Bill, H.R.

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The Energy Law

MAY 24, 2007

BTA Oil Producers , No. James Boldrick is an assignee of an overriding royalty interest in property subleased to BTA. BTA sought a declaratory judgment that it has no obligation to account for the overriding royalty interest. By Marie Carlisle: Boldrick v. 11-06-00029-CV, 2007 WL 865811 (Tex. Eastland March 22, 2007).

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Oil Gas Leads

MARCH 31, 2025

But it wasnt until Premier John Horgans NDP government introduced tax and regulatory incentives in 2018 that Shell and its global partners approved the final investment. billion in provincial natural gas royalties over the next three years (up from just $600 million last year).

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The Energy Law

SEPTEMBER 12, 2008

By Jonathan Hunter: In a highly anticipated decision, the Tenth Circuit held this week that the district court had subject matter jurisdiction over a qui tam action filed by an MMS auditor concerning royalty payments on crude oil produced from offshore federal leases. The court also ruled that “Mr.

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Valor

FEBRUARY 24, 2025

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region.

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The Energy Law

MARCH 28, 2022

Oil and gas related injection wells are considered Class II wells and are regulated by the Underground Injection Control (UIC) program within the Office of Conservation, which has achieved primary enforcement authority under the applicable federal guidelines.

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The Energy Law

AUGUST 8, 2017

A vigorous dissent by Judge Bleich warns that, if maintained, the original opinion could have both “[d]evastating economic repercussions” for the lending industry, and “[s]erious and harmful impact on the oil and gas industry.” Tauren Exploration, Inc. , A detailed summary of that decision is available here. Chief Judge Henry Brown, Jr.,

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The Energy Law

MARCH 11, 2020

Union Oil Co. UNOCAL also reserved a 3% overriding royalty. 2003) (“the regulations govern the parties’ joint and several liabilities vis-à-vis the Government not amongst themselves”) and Total E&P USA, Inc. Marubeni Oil & Gas (USA), Inc. , Sojitz Energy Venture, Inc. of California , 394 F. 3d 687 (S.D.

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The Energy Law

JUNE 12, 2017

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

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The Energy Law

NOVEMBER 28, 2022

The CEQ report noted that royalty rate reduction credits for carbon capture could potentially create financial incentives for investment and recognized the need to address long-term liability after a storage site has been closed. total CO 2 emissions.

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The Energy Law

NOVEMBER 7, 2014

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.

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Oil and Gas Investments

NOVEMBER 27, 2024

Brazilian government data (SECEX) from January 16, 2024, shows that Brazil exported about $166.6 Part of the funding for Autazes will come from a royalty agreement with Franco Nevada. That is $1M for the option – the purchase price of the royalty will be based on a 12.5% Which is a BIG advantage!

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Oil and Gas Investments

JUNE 11, 2025

of government approvals already in place. The Botswana government owned and operated it then, and despite producing 40 million tonnes over that time, never did much exploration ever—they just used all that cash flow for general revenue. So the government needs all the employment, taxes and royalties from this asset.

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The Energy Law

MARCH 26, 2019

1] The dispute in Johnson involved a group of unleased mineral owners (“UMOs”) who filed suit against a unit operator for deducting a litany of post-production costs against their share of production proceeds from an oil and gas unit in the Haynesville Shale. [2] Chesapeake Louisiana, LP. [1] 2] The UMOs argued that La.

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The Energy Law

MARCH 30, 2017

which governs notarial acts of correction: A. (1) 14] The Second Circuit’s decision in regard to this issue does not represent a departure from the viewpoint that most in the oil and gas industry have towards notarial acts of correction. 12] In its analysis, the Court first looked to the pertinent language of La. However, art.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

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Iraq Business News: Oil & Gas

JUNE 22, 2025

The company, which announced a fundraising in March , said that it has submitted a proposal to undertake contractor obligations on a relinquished block from Iraq's 4th Bid Round , and has also prepared an updated development plan for the Merjan oil field. Oil explorers are not yet attracting strong investor interest in western markets.

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Valor

FEBRUARY 3, 2025

February 3, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil prices ease as US tariffs on Mexico paused for a month Summary : Oil prices edged lower after initially rising by more than $1, as the U.S. Stay tuned for weekly updates to keep you well-informed.

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The Energy Law

APRIL 7, 2020

For Securities questions, please contact John Anjier , and for Corporate Governance, please contact Nina Skinner. Should you have any questions regarding Capital Structuring and Tax please contact John Bradford.

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Oil & Gas 360º

MARCH 28, 2025

I think everyone is really going to jump back into the Haynesville, said George Whittington, managing partner at Proven Resources, who told Reuters last week the energy investment firm is raising a $25 million fund to acquire mineral and royalty rights in the basin. Operators say they will move more carefully than in the past to avoid a bust.

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Enverus

MARCH 20, 2025

Shale and Alberta Oil Among these developments are OPEC+’s decision to unwind cuts; Brent, the world’s benchmark crude oil trading in the low $70s per barrel; and the increasing global trade uncertainty given President Donald Trump’s tariff tactics. Click here to listen to the full radio segment. Consequences for U.S.

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Valor

MARCH 31, 2025

March 31, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oil inches up as investors await Trump’s actions on Russian oil, Iran Summary : Oil prices edged up on Monday, with Brent crude rising 0.59% to $73.19 crude output is expected to reach 13.61

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Oil & Gas 360º

MARCH 5, 2025

Supreme Court grappled on Wednesday over whether the Nuclear Regulatory Commission has the authority to license nuclear waste storage facilities amid objections brought by the state of Texas as well as oil industry interests. government and fire thousands of workers. government, told the justices. ” Gorsuch asked.

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