Oil & Gas 360º

MARCH 24, 2025

(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). The high-quality operator footprint enhances production visibility and long-term value creation.

Royalty 130

Royalty Basin Spud-in Operator 130

Rigzone

JUNE 18, 2025

million to fund the proposed drilling of Wombat-5 in Petroleum Retention Lease 2 (PRL 2). for the supply of their Rig #1 for drilling the proposed lateral well, with spudding expected to start July. Image by DanielIngelhart via iStock Lakes Blue Energy NL has secured AUD6.5 The placement will raise a total of AUD 6,497,750.25

Energy 62

Energy Energy Spud-in Gas 62

Oil & Gas 360º

APRIL 10, 2025

Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.”

Exploration Well 130

Exploration Well Petroleum Spud-in Exploration and Production 130

Permian Basin Oil and Gas Magazine

APRIL 1, 2025

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. These include assets being developed by Chevron and Civitas Resources, who collectively account for more than half of the wells spudded in 2024. Elk has deployed more than $1.2

Royalty 52

Royalty Royalty Interest Spud-in Basin 52

Oil Gas Leads

MAY 19, 2025

Vicki Hollub, Occidental Petroleum U.S. Mike Wirth, Chevron The Shale Decline Dilemma: You Stop, You Slide Even with advanced tech, decline curves dont disappear. Shale wells lose 3040% of their production in the first year. That means without continuous drilling, output falls off a cliff. Shale is a treadmillyou stop, you slide.

Basin 52

Basin Supply Chain Operator Oil 52

The Energy Law

MARCH 2, 2009

The Court reached this holding based on the wording of the applicable JOAs, which were both based on the American Association of Petroleum Landmen Model Form Operating Agreement 610-1982. By Kevin Connolly On an issue of apparent national first impression, the Houston Court of Appeals, in XTO Energy Inc. Smith Production Inc.,

Operator 40

Operator Operating Interest Spud-in IT 40