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. In addition to the estate misconception theory, the Court analyzed the “legacy of the one-eighth royalty.” Element Petroleum Props., Dils Co. , 2d 904 (Tex. 11-21-00103-CV (Tex.

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Royalty Royalty Interest Instrumentation Gas 98

The Energy Law

FEBRUARY 19, 2008

Phillips Petroleum Co. , 15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims. The class affirmed the denial of two subclasses, but reversed the denial of a third subclass of royalty claimaints. In Bowden v. 03-0824 (Feb.

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BOE Report

MAY 21, 2025

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 natural gas properties held by Novacor Exploration Ltd.

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Oil & Gas 360º

JULY 14, 2025

NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. NSAI) Netherland, Sewell & Associates, Inc.

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Energy Energy Exploration and Production Management 130

BOE Report

APRIL 10, 2025

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 natural gas properties held by Novacor Exploration Ltd.

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Oil & Gas 360º

MAY 12, 2025

(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). CanCambria Energy Corp.

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Gas Exploration and Appraisal Energy Energy 130

Iraq Business News: Oil & Gas

APRIL 2, 2025

Gulf Keystone Petroleum (GKP) has published details of its payments to governments for the year 2024: Introduction This report sets out details of the payments made to governments by Gulf Keystone Petroleum Ltd and its subsidiary undertakings ('Gulf Keystone') for the year ended 31 December 2024 as required under Disclosure and Transparency Rule 4.3A

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Royalty BBL Exploration and Production Government 45

Valor

JUNE 12, 2025

Federal Royalties : The bill freezes current royalty rates for federal oil and gas leases and blocks increases that had been proposed under the Inflation Reduction Act. Strategic Petroleum Reserve (SPR) : The bill includes measures to require minimum capacity levels and outlines approval processes for drawdowns.

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Gas Oil Royalty Energy 91

The Energy Law

DECEMBER 11, 2006

In BHP America Petroleum Co. Burton , 549 U.S. — (2006), the Supreme Court resolved a legal issue that has been at the center of federal royalty litigation for twenty years: viz. founded upon any contract,” applies to administrative royalty payment orders issued by the Minerals Management Service (MMS). . whether 28 U.S.C.

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Producer's Edge

JUNE 4, 2025

the El Paso Court of Appeals reversed a trial court's summary judgment and held that post-closing "corrections" to overriding royalty assignments were invalid and unenforceable against a subsequent purchaser. —El Paso Jan. 28, 2025, no pet. The sales contracts addressed this extra up-to-5% interest through Section 8.1(iii),

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Oil & Gas 360º

MAY 15, 2025

an independent petroleum consulting firm based in Calgary, Alberta, has evaluated the petroleum and natural gas reserves associated with Strathconas interests in Alberta, British Columbia and Saskatchewan. McDaniel & Associates Consultants Ltd.,

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Valor

FEBRUARY 24, 2025

Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. Total petroleum inventories increased by 0.2 million bpd and 4.7

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Energy Energy Barrel Abandonment 52

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. That was formed in 1977 under the name National Nigeria Petroleum Company. The rate of royalty will rise in tune with oil prices. How did this happen?

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Oil Royalty Exploration and Production Government 52

Oil Gas Leads

MARCH 13, 2025

According to the latest State of Energy Report from the Texas Independent Producers & Royalty Owners Association (TIPRO) , oil and gas workers earned an average annual salary of $227,000 in 2024 an increase of $4,389 from 2023.

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Gas Oil Engineering Engineer 52

Producer's Edge

JUNE 2, 2025

Anadarko Petroleum Corp., Anadarko Petroleum Corporation (“Anadarko”) acquired the remaining 5/6ths of the minerals in the same property by assignment from prior lessees. This particular species of lease washouts is based on two recent cases from the El Paso Court of Appeals – Cimarex Energy Co. 3d 73, 93 (Tex.

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Oil & Gas 360º

MARCH 10, 2025

and/or Canadian governments increases the rate or scope of the tariffs effected on March 4, 2025 , and were subsequently paused on March 6, 2025 , if they come into effect in the future, or imposes new tariffs on the import of goods from one country to the other, including on oil and natural gas, (ii) the U.S.

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Novi

MARCH 11, 2025

The companies that dominated the petroleum age understood that control of oil reserves determined market power. In today’s intelligence revolution, companies recognizing that data is the new black gold will write the next chapter of energy industry leadership.

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Upstream Exploration and Production Operator Oil 52

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

House Bill 137 , tracked by the Permian Basin Petroleum Association (PBPA) as detailed below, establishes the Strategic Water Supply Program. 23 Oil & Gas Royalty Rate Changes (Sen. This session marked the fourth attempt in the past five sessions by the SLO to raise the ceiling for royalty rates on leases. 137, and H.B.

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Oil & Gas 360º

MARCH 11, 2025

The province has announced it will collect bitumen royalties in the form of the heavy oil itself, as opposed to cash, which Albertas arms-length commercial oil and gas agency can then sell.

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Enverus

MARCH 20, 2025

“For each dollar that WTI fluctuates, Albertas royalty revenues vary by approximately $750 million. Strategic Petroleum Reserve might offer some price support. The provincial governments projections for WTI at $68 per barrel in 2025-26 are already conservative, yet still higher than our revised forecasts. Refilling the U.S.

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CNBC: Energy

JULY 3, 2025

The law also slashes the royalties that producers pay the government for pumping oil and gas on federal lands, encouraging higher output. The coal industry is also a big winner from the law, which mandates at least 4 million additional acres of federal land be made available for mining.

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IT Oil American Petroleum Institute Royalty 145

The Energy Law

OCTOBER 26, 2020

became “energy independent” and a net exporter of petroleum products in 2019. Due to the sharp increase in oil and gas production, the U.S. If President Trump is re-elected, his Administration is expected to continue, and may even accelerate, these efforts in support of his America First Energy Plan.

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Gas Oil Royalty Energy 40

The Energy Law

OCTOBER 26, 2020

became “energy independent” and a net exporter of petroleum products in 2019. Due to the sharp increase in oil and gas production, the U.S. If President Trump is re-elected, his Administration is expected to continue, and may even accelerate, these efforts in support of his America First Energy Plan.

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Gas Oil Royalty Energy 40

The Energy Law

OCTOBER 26, 2020

became “energy independent” and a net exporter of petroleum products in 2019. Due to the sharp increase in oil and gas production, the U.S. If President Trump is re-elected, his Administration is expected to continue, and may even accelerate, these efforts in support of his America First Energy Plan.

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Gas Oil Royalty Energy 40