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AUSTIN, Texas (July 8, 2025) — As shifting interest rates, commodity volatility, capital constraints and rising consolidation redefine the minerals and royalties market, Enverus invites journalists and industry professionals to attend its “2025 Mid-Year Minerals Market Outlook” webinar at 1:00 p.m. CT on July 15, 2025.
The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources core New Mexico operating areas. (World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp.
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
Jan 12, 2024) concerns how three related provisions in an oil and gas lease interact: (1) a royalty clause; (2) a free-use clause; and (3) an off-lease clause. When parties to an oil and gas lease reserve royalties, they stipulate where those royalties are to be valued—sometimes referred to as the “valuation point”—in the royalty clause.
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.
Some of these local benefits include the billions paid in royalties to landowners and government entities across Pennsylvania. During the 12 th annual Pennsylvania Oil and Gas Landowner Alliance (POGLA) conference at State College, Welty emphasized the more than $6 billion in natural gas royalties paid in 2022 alone.
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 Royalty Interest, Inc. Part II: The Royalty Calculation Dispute A. 3d 39 , 47 (Tex.
The company holds 100% working interest and 98% net royalty interest across the greater BA-IX mining license at the Kiskunhalas project. The report includes an area of 4,000 net acres with the Development Pending sub-class for Contingent Resources.
While HRT is only 19% utilized today, it has been up to 82% utilized historically during periods of tight pipeline egress, providing Strathcona with a natural hedge against future egress bottlenecks. The HRT acquisition is a continuation of Strathconas countercyclical acquisition strategy focused on core area consolidation.
Carbon capture, utilization, and storage (CCUS) projects involve various legal issues. Like traditional exploration and development, CCUS projects require the operator to secure both the necessary private property rights from landowners as well as regulatory approval from the appropriate administrative agency in order to proceed.
1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] in unpaid royalties and an additional double damages penalty of $484,058.52
The depletion allowance for oil and gas allows businesses engaged in the extraction of these resources to recover some of their capital investment by utilizing a portion of their gross income from the sale of the resources as a tax deduction. Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022.
In response to the depreciation of the Ghana Cedi in the last quarter of 2022, the government introduced the Gold for Oil Programme, utilizing gold produced within the country to purchase oil and alleviate pressure on the local currency.
The Council on Environmental Quality (CEQ) issued a “ Report to Congress on Carbon Capture, Utilization, and Sequestration ” in June of 2021. In addition to BOEM and BSEE, several other administrative agencies are conducting work related to offshore carbon capture.
Given that the value ratio of oil compared to natural gas based on currently prevailing prices is significantly different than the energy equivalency ratio of 1 Bbl : 6 Mcf, utilizing a conversion ratio of 1 Bbl : 6 Mcf may be misleading as an indication of value.
Our ability to execute on the Encino acquisition without diluting our shareholders will be a textbook example of how EOG utilizes its industry leading balance sheet to take advantage of counter cyclical opportunities to enhance the returns of our business and create long-term value for our shareholders.
So the government needs all the employment, taxes and royalties from this asset. The government has a 3% royalty on the Selebi Mine—they are vested in a re-start as quickly as possible! The two largest diamond mines in the world are in Botswana; it’s one of the Top 10 Mining Jurisdictions says The Fraser Institute.
By utilizing this largely untapped water supply for manufacturing and clean energy development, the bill supports economic growth while preserving water supplies for other uses. 23 Oil & Gas Royalty Rate Changes (Sen. From Bills to Laws The following legislation did make it through to the governors desk: S.B. Susan Herrera) H.B.
Given the fact that oil and gas operators often utilize concursus actions in disputes over mineral proceeds/royalties, the Court’s application of Article 4659 ensures that operators can continue to rely on the deposit of funds as satisfying not only their financial obligation to concursus claimants but also to the Court. However, art.
New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants.
New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants.
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