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Sensitive financial data and personally identifiable information (PII) are routinely sent to working interest, mineral and royalty owners by USPS and email. P2P offers four subscription options to fit the needs of individual royalty owners, family offices, mineral funds, and even the most sophisticated non-op working interest partners.
Its royalty-focused, asset-light model stands out versus traditional E&Ps like Diamondback, offering high efficiency and lower risk. Viper’s reliance on Diamondback, which operates over 70 percent of its Midland Basin royalty acres, introduces concentration risk and could limit flexibility if Diamondback’s priorities shift.
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 leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d
With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. But the Court’s sporadic holdings regarding royalty clauses, each so specific to the particular language of the lease, have left lessees on unsteady footing. Heritage Resources , 939 S.W.2d
TXOGA noted in its statement that the upstream sector involves oil and natural gas extraction and excludes other industry sectors such as refining, petrochemicals, fuels wholesaling, oilfield equipment manufacturing, pipelines, and gas utilities. It was founded in 1919.
“Over 1450 bbl of high-quality oil have now been produced and sold from Keddington since recommissioning, contributing meaningful additional revenues, complementing our established cash flow from Wressle in the UK and our growth projects in the USA at Moccasin, the Andrews Field and our Mineral Royalty portfolio.”
With access to one of the largest natural gas reserves in the world, the region has seen hundreds of thousands of family-sustaining jobs created across sectors not only in drilling and pipeline operations, but also in manufacturing, construction, engineering, and local service industries.
Underground Services Markham, LLC and United Brine Pipeline Co., 30, 2024), the Court also considered how a salt royalty should be calculated. Myers owns the surface and a 1/8 royalty in the minerals. In this case, Myers-Woodward, LLC v. 3d , 2022 WL 2163857 (Tex.Civ.App.Corpus ChristiEdinburgh 2022), pet. granted (Aug.
LLC sought to enforce a provision in a 1948 mineral lease requiring Unitex WI, LLC and Unitex Oil and Gas, LLC (Unitex) to bury pipelines on the ranch land surface CT Land acquired in 2013. Minerals had been developed from the property over the years, and pipelines existed on the land when CT Land purchased it.
Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 House of Representatives passed Speaker Pelosi’s Energy Bill, H.R.
. — (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. On appeal, the D.C. Amoco Production Co. Watson , 410 F.3d
Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country.
Finally, the regulations will likely address other key issues including transportation pipelines, spacing between lease areas, environmental monitoring requirements, and use of legacy OCS infrastructure for CCS purposes. In addition to BOEM and BSEE, several other administrative agencies are conducting work related to offshore carbon capture.
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%. The EIA forecasts U.S. crude output to grow from 13.2 energy exports.
HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives.
Hunting will pay a 15% royalty to the sellers on revenue earned for a period of 15 years, post-completion. The Organic Oil Recovery process is a proven and innovative enhanced oil recovery technology which optimises reservoir performance and recovery rates.
Despite opposition from environmental activists and political friction with the Greens, the NDP government moved the project forward, securing support from Indigenous communities along the pipeline route and passing enabling legislation with support from the B.C. Help Canada diversify its natural gas markets beyond the U.S.
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.
Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title. 31:210 did not apply, and that the Hills’ argument that La. 31:210 preempts provisions of the Louisiana Civil Code had no merit.
Louisiana Revised Statute 31:210 addresses rental and royalty payments that are owed to parties holding an interest in the leased property when an issue arises as to title. 31:210 did not apply, and that the Hills’ argument that La. 31:210 preempts provisions of the Louisiana Civil Code had no merit.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. All was fine, said the Attorney General. A reality the Governor’s constituents are now forced to face.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. All was fine, said the Attorney General. A reality the Governor’s constituents are now forced to face.
LNG is now 55% of total traded gas, helped by malicious damage to pipelines and the time needed to extend more gas pipelines to Asian consumers. Best results are achieved by aligning interests, and linking taxes to profits, rather than requiring up-front payments, or royalties.
The administrative maneuvers, including mixed signals about the now-shelved Keystone XL pipeline project, undermine business investment and exacerbate global economic instability. “For each dollar that WTI fluctuates, Albertas royalty revenues vary by approximately $750 million. Shale: Plateauing Growth and Higher Costs U.S.
Read more Trump officials are visiting Alaska to discuss a gas pipeline and oil drilling Summary : Three Trump officials visit Alaska to push Arctic oil drilling and an 810-mile LNG pipeline ($44B estimated cost), despite environmental concerns. Weak power demand (-4.4% Read more U.S.
Meanwhile, negotiations to restart Kurdish oil exports through the Iraq-Turkey pipeline stalled due to unresolved payment and contract issues. These leases, governed by the National Environmental Policy Act, have a 10-year term with a 16.67% federal royalty rate.
These include the following: Reverse all of President Trump’s de-regulatory policies and orders over the last 4 years, pledging to make such rules and regulations stronger than before; Eliminate all Industry subsidies for fossil fuels, the majority of which come in the form of tax deductions and incentives on royalty payment relief; Modify royalties (..)
These include the following: Reverse all of President Trump’s de-regulatory policies and orders over the last 4 years, pledging to make such rules and regulations stronger than before; Eliminate all Industry subsidies for fossil fuels, the majority of which come in the form of tax deductions and incentives on royalty payment relief; Modify royalties (..)
These include the following: Reverse all of President Trump’s de-regulatory policies and orders over the last 4 years, pledging to make such rules and regulations stronger than before; Eliminate all Industry subsidies for fossil fuels, the majority of which come in the form of tax deductions and incentives on royalty payment relief; Modify royalties (..)
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