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Oil Firms Brace for Impact as Brazil Revamps Tax Benchmark

OilPrice

Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. The new rules will take effect from September, affecting royalty distribution in November.

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Oil firms brace for impact as Brazil revamps tax benchmark

Oil & Gas 360º

(Oil Price) – Brazil has revised its rules for setting the reference price for crude oil produced in the country in a bid to boost government revenues from royalties paid by oil companies operating in Brazil. The new rules will take effect from September, affecting royalty distribution in November.

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. Pro forma Viper is now clearly a must-own public mineral and royalty company in North America, with attractive size and scale in the Permian Basin. mboe/d) Approximately 16.1

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

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 lessees owned working interests in certain oil and gas leases that were executed in 2007.

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Texas Supreme Court Rules on Modification of NPRIs

Producer's Edge

The Case In this recent case, the Texas Supreme Court resolved whether ratification of a lease or signing of a stipulation agreement could transform a fixed non-participating royalty interest (NPRI) into a floating NPRI. " The Gipses later leased the minerals to ConocoPhillips for a 1/4 royalty. ."

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The Smackover Formation: Unveiling the Lithium Potential

The Energy Law

Formed during the Jurassic period, this geological formation has been tapped for oil and gas, as well as brine for production of bromine, since the 1950s. New advancements in chemical and mechanical extraction techniques have made it possible to separate lithium from brine much more quickly and with lower ecological impact.

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Fifth Circuit to Hold Oral Argument in Sojitz v. UNOCAL in April 2020

The Energy Law

Union Oil Co. UNOCAL also reserved a 3% overriding royalty. 250, Subpart N, as support for the notion that “BSEE’s primary enforcement mechanisms for violations of the decommissioning regulations are civil fines and criminal penalties,” police powers to which Sojitz cannot subrogate. Marubeni Oil & Gas (USA), Inc. ,