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New Mexico Gambles on Higher Royalties as Oil Prices Tank

OilPrice

While West Texas Intermediate (WTI) oil prices have slipped nearly $3.50 a barrel since Januaryhovering uncomfortably around $68New Mexico lawmakers just gave oil producers something else to stew over: higher royalty rates.

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Diamondback Unit to Buy Sitio Royalties in $4-Billion All-Stock Deal

OilPrice

Viper Energy, a subsidiary of Diamondback Energy, will buy mineral and royalty company Sitio Royalties Corp in an all-equity deal valued at around $4.1 Sitio is a pure-play mineral and royalty company that acquires quality oil and gas mineral and royalty interests in productive U.S.

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WV Legislature Advances Bill to Fine Drillers for Royalty Nonpayment

Marcellus Drilling News

There are deadbeats in every industry, including (unfortunately) the oil and gas industry. Some O&G producers in West Virginia are gaming the system by not paying landowners/rights owners the royalties they are due. Typically, this does not apply to shale drillers, mostly larger companies.

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WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases

Marcellus Drilling News

The West Virginia Supreme Court was scheduled to hear two significant oil and gas royalty disputes during a morning session today. Both cases center on whether natural gas companies can deduct post-production costs from royalty payments and, if so, under what circumstances. The first case,

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Diamondback subsidiary Viper acquires Sitio Royalties in $4.1 billion deal

Permian Basin Oil and Gas Magazine

Midland-based Viper Energy, subsidiary of Diamondback Energy, said Tuesday it agreed to acquire Sitio Royalties in an all-equity transaction valued at $4.1 Viper is now clearly a must-own public mineral and royalty company in North America with attractive size and scale in the Permian Basin.” The agreement, which includes Sitio’s $1.1

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Elk Range Royalties closes $905 million acquisition of DJ Basin assets

Oil & Gas 360º

(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.

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Two Decisions by Eastland Court of Appeals on Fraction-of-Royalty Issue

Oil and Gas Lawyer

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.

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