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Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil NaturalGas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)
Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) has highlighted new employment figures showing an increase in upstream employment in Texas in the month of May. Producers last month also paid $227 million to the state in naturalgas production taxes, up 26 percent from May 2024.
Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. million in Q1 2025 gains—especially by locking in higher naturalgas prices than the market. Weak naturalgas prices ($2.08/Mcf by year-end 2025, assuming stable prices.
TXOGA noted in its statement that the upstream sector involves oil and naturalgas extraction and excludes other industry sectors such as refining, petrochemicals, fuels wholesaling, oilfield equipment manufacturing, pipelines, and gas utilities.
Commingling is currently restricted to license areas that have “identical mineral ownership, royalty rates and revenue distribution”, the DOI said. “These requirements create unnecessary barriers in many areas of the West where mineral ownership is complex and varied.
. (“Entropy”), a subsidiary of Advantage Energy Ltd. (“Advantage”), has entered into a definitive agreement to purchase an interest in three carbon hubs from a Canadian oil and naturalgas producer for $20 million and contingent payments of approximately $15 million (subject to adjustment) based on commercial milestones (..)
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SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard (..)
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. To contact the author, email rocky.teodoro@rigzone.com WHAT DO YOU THINK?
The report underscores a clear pivot: naturalgas 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. Even though 2025 gas production is still expected to increase modestly , momentum is expected to reverse in 2026. “We
Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and naturalgas employment, wages and other key economic factors for ?the TIPROs State of.
This $118 million transaction doubles the Companys present ownership interest in a portion of its Marcellus Shale royalties position (across 475,000 gross unit acres) primarily focused in Washington and Greene counties, Pennsylvania. Herz, Chief Executive Officer of WhiteHawk.
The West Virginia Supreme Court was scheduled to hear two significant oil and gasroyalty disputes during a morning session today. Both cases center on whether naturalgas companies can deduct post-production costs from royalty payments and, if so, under what circumstances. The first case,
Pennsylvanias economy moves on naturalgas and lawmakers must consider the fundamental role of this home-grown energy resource in policies going forward. Heres what he has shared: A Catalyst for Economic Growth Over the past decade, the naturalgas industry has been a transformative force in Pennsylvania.
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.
You cant live in todays modern society without the benefits of naturalgas development. Most notably, PITs cutting-edge microgrid , backed predominately by naturalgas, ensures seamless airport operations even in the face of grid failures that cripple other major transportation hubs while keeping energy costs and emissions low.
By EDF Blogs By Aaron Wolfe, Ari Pottens , and Scott Seymour EDF economic analysis found that in 2022 oil and gas operators across Alberta wasted $671 million in naturalgas, costing the provincial government over $120 million in lost royalties and uncollected corporate taxes.
BOEM estimates the broader Gulf outer continental shelf holds about 48 billion barrels of undiscovered oil and 141 Tcf of naturalgas. To encourage industry interest, the agency is proposing a 16 ⅔ percent royalty rate for both shallow- and deepwater tracts, the lowest deepwater rate since 2007.
(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. About Sitio Royalties Corp.
TIPRO's new workforce data still indicated strong job postings for the Texas oil and naturalgas industry', the Texas Independent Producers and Royalty Owners Association said.
Investing in oil and gasroyalties 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 gasroyalties can provide investors with a source of passive income.
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 percent of oil and gas revenues for its acreage.
With a world-class microgrid backed by regionally produced naturalgas, travelers through the Pittsburgh International Airport (PIT) can rest assured grid failures wont keep them from reaching their destination. Naturalgas isnt just a fuel its the cornerstone of modern energy security. And naturalgas is delivering.
million gross unit acres of premier naturalgas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale. WhiteHawk will add approximately 1.8
Hunter MMS has announced proposed amendments to its deep gasroyalty relief regulations under the Energy Policy Act of 2005. The additional relief will only be available in years when the annual NYMEX naturalgas price is at or below $4.47/MMBtu MMBtu expressed in 2006 dollars. Click here to read the Notice.
Sheppard is a royalty dispute between several lessees, Devon Energy Production Co., concerning a novel royalty term that may have a huge impact on the way oil and gasroyalties are paid in the future. The royalty clause at issue required the lessees to pay to the lessors 1/5th of the “gross proceeds” as a royalty.
Ross, a mineral interest owner, brought a breach of contract, unjust enrichment, and fraud action against naturalgas lessee, Shell. He further alleged that Shell sent him royalty statements containing false representations that the royalties were based on actual sales prices. February 25, 2010, no pet.
In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 In response to today’s announcement that Viper Energy, a subsidiary of Diamondback Energy, would acquire Sitio Royalties Corp for $4.1 billion inclusive of net debt. billion in 2022.
After years of planning, political negotiation, and construction, the LNG Canada export terminal in Kitimat is nearly operational and it could mark a turning point for Canadas naturalgas industry. billion in provincial naturalgasroyalties over the next three years (up from just $600 million last year).
15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gasroyalty claims. The class affirmed the denial of two subclasses, but reversed the denial of a third subclass of royalty claimaints. Phillips Petroleum Co. , 03-0824 (Feb. Thus, under its Yzaguirre holding, class treatment was inappropriate.
“Ohio will likely set a new record for oil production this year,” according to Chief of the Division of Oil and Gas Resources Management for the Ohio Department of Natural Resources Eric Vendel.
Bakersfield, CA, May 21, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (Trio or the Company), a California-based oil and gas company, today is pleased to announce that it has closed on the balance of certain petroleum and naturalgas properties held by Novacor Exploration Ltd.
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.
(TSXV: CCEC) (FSE: 4JH) ( CanCambria or the Company ) is pleased to announce the results of the Companys independent resource evaluation for the Kiskunhalas tight-gas project in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE). billion cubic feet (BCF) naturalgas and 66.5
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.
Bakersfield, CA, April 10, 2025 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: TPET) (Trio or the Company), a California-based oil and gas company, today is pleased to announce that it has closed on certain petroleum and naturalgas properties held by Novacor Exploration Ltd.
Immediate returns-enhancing benefits: significantly expands EOGs contiguous liquids-rich acreage, adds premium-priced gas exposure, and increases working interest The acquisition expands EOGs core acreage in the volatile oil window, which averages 65% liquids production, by 235,000 net acres for a combined contiguous position of 485,000 net acres.
Our focus remains on leveraging advanced technologies and a data-driven approach to commercialize this significant recoverable gas resource and capitalize on strong naturalgas pricing in Hungary and across Europe.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant naturalgas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
Regulatory Revisions : Provisions reduce the administrative review period for environmental assessments related to oil and gas activity, in alignment with NEPA (National Environmental Policy Act) reforms.
The term Oil and naturalgas sales, net of blending is calculated by deducting purchased product and blending costs from oil and naturalgas sales and sales of purchased product. McDaniel & Associates Consultants Ltd., Boe may be misleading, particularly if used in isolation.
We will continue to work tirelessly with our partners and pragmatic policymakers to stop these attacks on Pennsylvania workers, royalty owners, and consumers, and focus on solutions to leveraging naturalgas to move Pennsylvania forward. ###
Texas Independent Producers and Royalty Owners Association said April 18 that upstream employment in the Texas oil and gas industry declined in March. It represents a decline of 900 in the services sector and increase of 200 jobs in oil and gas extraction. Austin-based TIPRO cited data from U.S.
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