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(World Oil) – Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, today announced a new strategic acquisition in the Midland basin. Our focus remains on acquiring top-tier mineral assets in core basins, leased to highly capable operators.
Overview * PrairieSky Q2 oilroyalty production rises 8% yr/yr, setting a record high * Funds from operations fell 9% yr/yr due to lower US$ WTI pricing * Company repurchased 84,020 shares Outlook * Company expects royalty production from Duvernay wells in West Shale Basin in Q3 * PrairieSky anticipates continued annual oilroyalty production [Read (..)
(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. 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.
The Fifth Circuit Court of Appeals decided an interesting case involving recoupment of overpaid oil and gas royalties. Ovintiv (formerly Encana), the operator of the wells on the property, discovered that the Richters had been overpaid approximately $608,000.00 in royalties since 2016. in royalties since 2016.
For Viper, it is a bit riskier as the buyer of assets, but it offers a big upside should oil and gas prices rise. Viper SWOT Viper Energy delivers strong operational results, with Q1 2025 oil production of 31,311 barrels per day and industry-leading gross profit margins of 92.92 Weak natural gas prices ($2.08/Mcf
” Entropy Operational Update Entropy continues its successful operations and scale-up of carbon capture and sequestration operations at the Glacier gas plant. Entropy anticipates Glacier Phase 2 will reach commercial operations by Q2 2026. Register to attend. GJ/Tonne CO 2 captured. About Entropy Inc.
(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025 , featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown. Conference Dates: August 17–20, 2025.
Dallas-based Peregrine Energy Partners said last week it acquired producing and non-producing oil and gas minerals and royalties in six states, including Texas and New Mexico. The newly acquired assets include interests in more than 1,100 producing wells operated by several of the industry’s leading companies.
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.
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.
In June 2025, Keddington produced a total of 992 barrels of oil over 23 days, with an average of 10.4 A technical review by the Operator confirmed that an undrained oil resource exists on the eastern side of the Keddington field. hours of pumping per day and a gross flow rate of 43 barrels daily, the company said.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month.
July 7, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The move comes after oil prices, which rose during the recent Israel-Iran conflict, settled on Friday with Brent at $68.30 This relief for over 61 million travelers is driven by cheap crude oil, as the U.S.
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. The Eagle Ford—where much of the gas is associated with oil production—is particularly sensitive to these variables.
CALGARY, Alberta, July 14, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2025. Total royalty production [Read more]
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.
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.
Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 The proposed rule change, which would mostly affect onshore oil and gas drilling in the U.S. billion per year, it said.
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?
(World Oil) – Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy). In February 2025, NGP and the Elk Range team established Elk Range Royalties III.
Another case interpreting a royalty reservation in an old conveyance has been decided by the 11th Court of Appeals in Eastland: Boren Descendants and Mabee Descendants v. Fasken Oil and Ranch, Ltd. , The deed reserves “an undivided one-fourth (1/4th) of the usual one eighth (18th) royalty.” Fasken Oil and Ranch, Ltd.
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. The transaction has an effective date of January 1, 2025. Herz, Chief Executive Officer of WhiteHawk.
But Giustra brought in a new operating team, and led the initial finance rounds into West Red Lake Gold Mines (WRLG-TSX) —and now, VOILA—they just announced commercial production. So the government needs all the employment, taxes and royalties from this asset. So it’s a known, simple type of asset. Drill core samples (HQ: 63.5
(Oil & Gas 360) –MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. NASDAQ:FANG) (Diamondback), and Sitio Royalties Corp. existing net DUCs and permits with an average lateral length of ~10,800 feet; Diamondback is the largest operator of these net locations with 41.1 mboe/d) Approximately 16.1
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 natural gas, costing the provincial government over $120 million in lost royalties and uncollected corporate taxes.
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.
In Fasken Oil and Ranch, Ltd. 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. Puig, Jr., as his own property free of cost forever.
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.
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.
CALGARY, AB, April 28, 2025 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil focused royalties, announces results for the three-month period and year ended December31, 2024.
While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners.
(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. 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.
Dallas-based Elk Range Royalties said recently it acquired Newton Financial Corp., Concord Oil and Mission Oil. 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.
Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. billion in value to Chevron at current Henry Hub prices through the multi-year capital carry, retained working interest, and overriding royalty interest.
CALGARY, AB, March 10, 2025 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oilroyalties, announces unaudited(1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 (“Q4 2024”).
(World Oil) –Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, have announced a strategic purchase of mineral interests in Ector and Midland Counties, TX, operated by ConocoPhillips.
When oil prices shift, mineral owners may feel the effectsbut not always immediately. 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 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.”
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.”
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.
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.
In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. Dils Co. , 2d 904 (Tex.
When oil prices shift, mineral owners may feel the effectsbut not always immediately. 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.
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
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