article thumbnail

WV Supremes Rule on “In-Kind” Royalties & Post-Production Deductions

Marcellus Drilling News

In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases). One of those two was Kaess v. BB Land LLC, a case we were not previously aware of.

Royalty 117
article thumbnail

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.

Royalty 266
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Mexico Gambles on Higher Royalties as Oil Prices Tank

OilPrice

a barrel since Januaryhovering uncomfortably around $68New Mexico lawmakers just gave oil producers something else to stew over: higher royalty rates. The bill raises the maximum royalty rate on the states premium oil and gas leases from 20% to 25%the first change since 1970, when disco was en vogue and the EPA started

Royalty 282
article thumbnail

WV Supreme Court Grants Landowners Second Major Win in a Week

Marcellus Drilling News

In April, MDN told you that the West Virginia Supreme Court was scheduled to hear oral arguments in two important oil and gas royalty cases (see WV Supremes Hear Oral Arguments in 2 Important O&G Royalty Cases). Earlier this week, MDN reported the WV Supreme Court had ruled on the first of the two cases,

Royalty 198
article thumbnail

WV Legislature Advances Bill to Fine Drillers for Royalty Nonpayment

Marcellus Drilling News

Some O&G producers in West Virginia are gaming the system by not paying landowners/rights owners the royalties they are due. The post WV Legislature Advances Bill to Fine Drillers for Royalty Nonpayment first appeared on Marcellus Drilling News. Typically, this does not apply to shale drillers, mostly larger companies.

Royalty 236
article thumbnail

Large Appalachia Mineral/Royalty Packages Available for Bid Now

Marcellus Drilling News

Earlier this week, MDN told you about a mineral/royalty rights purchase made by WhiteHawk Energy, increasing its ownership interest in 475,000 gross acres in the Marcellus Shale for $118 million (see WhiteHawk Energy Doubles Ownership Interest in 475K Marcellus Acres).

Royalty 153
article thumbnail

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

Royalty 52