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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. Herz, Chief Executive Officer of WhiteHawk.
Additionally, the court considered that the deed used the word “Grantors” in other parts of the document but switched to “landowner’s usual 1/8 royalty” in the granting clause. By way of background, in 1955 J.D. and Elva Arthur conveyed to W. ” Id.
(Oil & Gas 360) – Publisher’s Note: CanCambria Energy will be presenting at EneCom Denver – The Energy Investment Conference on August 17-20, 2025. The company holds 100% working interest and 98% net royaltyinterest across the greater BA-IX mining license at the Kiskunhalas project.
17, 2023), in which it re-affirmed the axiomatic principle that a text retains the same meaning in the present day as when it was drafted. In the 1920s—the time the deed at issue was executed—lessors commonly reserved a one-eighth royaltyinterest when they executed oil and gas leases. Navigators Grp. , Dawkins , 483 S.W.3d
Charlie Shufeldt, CEO, said March 21, The DJ Basin presents some of the best operator economics in the U.S., Elk Range Royalties buys mineral and royaltyinterests across multiple U.S. basins with a portfolio of more than 300,000 net royalty acres and interests in more than 23,500 producing wells.
James Boldrick is an assignee of an overriding royaltyinterest in property subleased to BTA. BTA, the assignor and creator of Boldrick’s interest, elected non-consent status regarding the well at issue, proposed and drilled by Chevron. The District Court granted summary judgment in favor of BTA and Boldrick appealed.
The current proposed bill, however, would require operators to remit all royalty payments directly to the lessors on behalf of nonparticipating working interest owners prior to well payout, i.e., during the recoupment of costs, and the statutorily authorized risk charge.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% About Sitio Royalties Corp. billion which equates to less than 1.0x mboe/d) Approximately 16.1
This case presents two critical questions: Who owns subsurface caverns created by salt mining operations, and How should in-kind royalties be calculated for salt production? ” The Fifth Circuit, applying Texas law in Dunn-McCampbell RoyaltyInterest, Inc. Anadarko E&P Onshore, LLC , 520 S.W.3d
Ultimately the original lessee lost its lease because it made shut in payments to its lessee, rather than the current royalty owner, to whom those payments were owed. Van Hovenberg (“Van Hovenberg”) conveyed by royalty deed to O.B. Mobley (“Mobley”) “her entire 8/8 RoyaltyInterest” in a 105.8 In 1976, Karin H.
Furthermore, it is the authors’ intention to provide the information contained herein in an objective fashion that presents the practical effects of particular legal decisions without any commentary as to whether a particular decision is legally correct or sound policy. in this matter. [1] 1] Gloria’s Ranch, L.L.C. 10] See id. at 22-33. [11]
In addition, the correction deed used materially similar language to describe the reservation, and then closed by summing up the parties’ intent "that [the royalty holders] shall receive a total royaltyinterest of 1/8 of all the oil, gas, or other minerals (except sulphur) produced from said land."
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