The Energy Law

JULY 10, 2023

Accordingly, auditing of royalty payments was left to the Mineral Board’s internal accountants, and when an issue arose as to whether royalty payments were made correctly, the Mineral Board’s land personnel and internal counsel would oversee sending demands and pursuing litigation against the State’s mineral lessees and well operators.

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Royalty Natural Gas Gas Operator 98

Oil and Gas Lawyer

NOVEMBER 7, 2024

04-23-00106-CV, the San Antonio Court of Appeals was asked to construe a royalty reservation in a 1960 deed: There is saved, excepted and reserved, in favor of the undersigned, B.A. Said interest hereby reserved is Non-Participating Royalty. In Fasken Oil and Ranch, Ltd. Puig, Jr., as his own property free of cost forever. 2d 118 (Tex.

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Casing Royalty Exploration and Production Downstream 130

The Energy Law

MARCH 15, 2023

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

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Royalty Gas Oil Downstream 98

Oil & Gas 360º

MAY 8, 2025

The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas. Additionally, the acquired properties include high-quality non-operated acreage adjacent to and surrounding Permian Resources current position.

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Basin Royalty Operator Utilities 130

Oil & Gas 360º

APRIL 2, 2025

Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. The transaction is anticipated to generate over $1.2

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Royalty Interest Gas Royalty Operator 130

Enverus

JUNE 3, 2025

In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 Now, for just the second time Enverus has tracked, two publicly traded minerals companies are combing with Viper Energy Partners buying Sitio Royalties for $4.1 billion inclusive of net debt.

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Royalty Basin Royalty Interest Upstream 130

Permian Basin Oil and Gas Magazine

MARCH 28, 2025

Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Collectively they own mineral and royalty interests across the Permian Basin in west Texas and Eagle Ford in south Texas. Elk Range buys mineral and royalty interests across multiple U.S. Concord Oil and Mission Oil.

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Royalty Basin Royalty Interest Spud-in 59

Aresco

JULY 17, 2024

Investing in oil and gas royalties involves purchasing the rights to receive a portion of the revenue generated from the production and sale of oil and gas from a particular property or lease. Passive Income : Oil and gas royalties can provide investors with a source of passive income.

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Royalty Gas Oil Exploration and Production 52

Producer's Edge

MARCH 25, 2025

The lease royalty case Carl v. The lease provided for a royalty calculated based on the “market value at the well.” First, the lessor relied on a portion of the royalty clause indicating that royalty was due “on gas … produced from said land and sold or used off the premises.”

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Royalty Gas Downstream Operator 52

Producer's Edge

MARCH 25, 2025

The lease royalty case Carl v. The lease provided for a royalty calculated based on the “market value at the well.” First, the lessor relied on a portion of the royalty clause indicating that royalty was due “on gas … produced from said land and sold or used off the premises.”

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Royalty Gas Downstream Operator 52

Oil Gas Leads

JUNE 13, 2025

The deal adds ~13,320 net acres and 8,700 net royalty acres to PR’s core position in Eddy County , boosting near-term production and providing long-term development upside. The company is already in active trade talks with every relevant Delaware Basin operator , aiming to optimize both legacy and new assets. Permian Resources Corp. (PR)

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Basin Consulting Royalty Completion 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

Dallas-based Elk Range Royalties said recently it closed a deal to acquire 250,000 net royalty acres from affiliates of Occidental Petroleum for $905 million. Charlie Shufeldt, CEO, said March 21, The DJ Basin presents some of the best operator economics in the U.S., Elk has deployed more than $1.2

Royalty 52

Royalty Royalty Interest Spud-in Basin 52

Permian Basin Oil and Gas Magazine

APRIL 4, 2025

Plano-based Mentor Capital said last week it purchased 25.127 net royalty acres in a 71-well producing project in Permian Basin. Mentor said its royalty stream is equivalent to 12.5 And 16 well locations in the Dean and Wolfcamp formations remain in project inventory pending development by major operator Diamondback.

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Royalty Basin Natural Gas Barrel 52

The Energy Law

AUGUST 1, 2007

By Dana Douglas The Louisiana First Circuit Court of Appeal recently held that an operator is not responsible for payment of a non-operator’s royalties and overriding royalties before payout. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout. In Gulf Explorer, LLC v.

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Royalty Operator Exploration and Production Abandonment 40

BOE Report

APRIL 14, 2025

CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its first quarter operating and financial results for the period ended March31, 2025.

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Royalty Barrel Operator Oil 71

Valor

JUNE 10, 2025

A mineral lease grants an operator the right to explore for and produce oil, gas, or other minerals from your property. In exchange, you can receive a bonus payment upfront and ongoing royalties from production. Royalty Rate : The percentage of production revenue you’re entitled to. What is a Mineral Lease?

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Management Royalty Exploration and Production Operator 52

The Energy Law

MARCH 7, 2023

In the 1920s—the time the deed at issue was executed—lessors commonly reserved a one-eighth royalty interest when they executed oil and gas leases. That rationale led to the Court’s holding that the mere use of one-eighth in a double fraction is some evidence that the parties were operating under the estate misconception theory.

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Royalty Royalty Interest Instrumentation Gas 98

BOE Report

MARCH 24, 2025

The news release detailing PrairieSkys Q1 2025 results will provide operating and financial information. CALGARY, Alberta, March 24, 2025 (GLOBE NEWSWIRE) — PrairieSky will release its Q1 2025 results on Monday, April 14, 2025 after markets close.

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Royalty Management Operator IT 58

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. Heritage Res., NationsBank , 939 S.W.2d

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Royalty Exploration and Production Downstream Transportation 52

Valor

JUNE 11, 2025

Whether you own a single royalty interest or manage a large mineral portfolio, title curative work is essential to ensuring your ownership is properly documented and revenue flows without delay. Without it, operators may not pay royalties, you may not receive tax notices, and your asset’s value could be diminished.

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Management Royalty Interest Royalty Casing 52

Valor

APRIL 17, 2025

The Link Between Oil Prices and Mineral Royalties Mineral royalties are directly tied to the price at which oil and gas are sold, which makes commodity pricing one of the most important factors influencing a mineral owners income. The total gross revenue from that sale becomes the foundation for calculating royalties.

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Royalty Oil Operator Management 71

Oil Gas Leads

JUNE 14, 2025

The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Operators in the basin are prioritizing cash flow and capital returns over aggressive development. shale development.

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Basin Dry Gas BCF Operator 52

The Energy Law

MARCH 31, 2021

While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. after deductions), resulting in lower royalty payments for the royalty owners.

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Royalty Gas Oil Downstream 52

The Energy Law

FEBRUARY 22, 2024

Jan 12, 2024) concerns how three related provisions in an oil and gas lease interact: (1) a royalty clause; (2) a free-use clause; and (3) an off-lease clause. When parties to an oil and gas lease reserve royalties, they stipulate where those royalties are to be valued—sometimes referred to as the “valuation point”—in the royalty clause.

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Royalty Gas Oil E&A 52

Valor

APRIL 17, 2025

The Link Between Oil Prices and Mineral Royalties Mineral royalties are directly tied to the price at which oil and gas are sold, which makes commodity pricing one of the most important factors influencing a mineral owners income. The total gross revenue from that sale becomes the foundation for calculating royalties.

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Royalty Oil Operator Management 64

Rextag

MAY 15, 2025

Permian Resources Corporation, a leading pure-play operator in the Delaware Basin, has reported strong first-quarter 2025 financial and operational results and announced a strategic bolt-on acquisition of APA Corporations Northern Delaware Basin assets for $608 million. Realized Pricing: Oil: $70.48/bbl bbl Natural gas: $1.35/Mcf

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Basin Operator BBL Natural Gas 52

Oil & Gas 360º

MAY 30, 2025

Specifically, the acquisition is accretive on an annualized basis to 2025 EBITDA by 10%, and cash flow from operations and free cash flow by 9%. Accretive financial metrics The transaction is immediately accretive to EOGs net asset value as well as all per-share financial metrics. The indicated annual rate is $4.08.

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Exploration and Production Natural Gas Crude Oil Energy 130

The Energy Law

JANUARY 12, 2017

the Third Circuit addressed the question of whether or not a mineral lessee must pay its lessor full lease-basis royalties for production undertaken during the effective period of a conditional allowable but prior to the effective date of a unit order. [1] Anglo-Dutch Energy, L.L.C. , Anglo-Dutch Energy, L.L.C. , Anglo-Dutch Energy, L.L.C. ,

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Royalty IT Gas Education 40

Marcellus Shale Coalition

MAY 12, 2025

With access to one of the largest natural gas reserves in the world, the region has seen hundreds of thousands of family-sustaining jobs created across sectors not only in drilling and pipeline operations, but also in manufacturing, construction, engineering, and local service industries. The program has provided $2.7

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Natural Gas Gas Royalty Manufacturing 104

The Energy Law

JUNE 12, 2017

4] In 2007, Fossil Operating, Inc. Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 5] Chesapeake Operating, Inc. (“Tauren”) and contained a three year primary term as well as a horizontal and vertical Pugh clause. [3]

Royalty 40

Royalty E&P Exploration and Production Operator 40

The Energy Law

MARCH 31, 2021

While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. after deductions), resulting in lower royalty payments for the royalty owners.

Royalty 40

Royalty Gas Oil Downstream 40

Marcellus Shale Coalition

APRIL 10, 2025

At PIT, our microgrid ensures uninterrupted power even when the grid is down, Joe Broadwater, who oversees the power plant at PITs microgrid operator Cordia, told the Pittsburgh Business Times. It did what it was supposed to. Most people didnt even know. Thats exactly the point. The numbers speak for themselves.

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Gas Natural Gas Royalty Consulting 116

Rigzone

JUNE 10, 2025

First-Quarter Results Gran Tierra reported first-quarter total average working interest before royalties (WI) production of 46,647 barrels of oil equivalent per day (boepd), 14 percent higher than the previous quarter and 45 percent higher year over year. Image by EyeEm Mobile GmbH via iStock Gran Tierra Energy Inc.

Exploration and Production 67

Exploration and Production Energy Energy Completion 67

The Energy Law

APRIL 3, 2023

operate the property leased as a reasonably prudent operator for the mutual benefit of himself and his lessor.” When the dispute involves the nonpayment of royalties, the renewable energy lessee would be afforded 30 days to pay the royalties or respond in writing stating a reasonable cause for nonpayment (compare to La.

Government 98

Government Energy Energy Royalty 98

The Energy Law

JUNE 28, 2018

hands a victory to financiers of oil and gas operations and settles a long-running controversy over the amount of damages available for failure to pay mineral royalties. in unpaid royalties, plus an additional double damages penalty of $484,058.52. in unpaid royalties, plus an additional double damages penalty of $484,058.52.

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Royalty E&A Oil Gas 40

Permian Basin Oil and Gas Magazine

MAY 13, 2025

Permian Resources acquired 13,320 net acres and 8,700 net royalty acres from APA Corp. The deal adds about 100 new gross operated, two-mile locations that immediately compete for capital. Most of the inventory (65 percent operated, 99 percent held by production) is in the companys Parkway asset in Eddy County, N.M.

Basin 72

Basin Royalty Crude Oil Operator 72

The Energy Law

MARCH 31, 2021

Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions The Texas Supreme Court recently issued its anticipated decision in BlueStone Natural Resources II, LLC v. For almost a decade, the original lessee to the agreements never subtracted post-production costs from the royalty owners’ royalty payments.

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Royalty Gas Oil Downstream 52