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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%).

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

20-0904, 2023 WL 2438927 (Tex. 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. Sheppard , — S.W.3d This became a point of contention with the lessors.

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Bank of Ghana to gradually phase out Gold for Oil policy

Reporting Oil and Gas

The Bank of Ghana (BoG) has announced that it will gradually phase out the Gold for Oil policy, implemented in February 2023 to stabilize fuel prices. Meanwhile, the Bulk Oil Storage and Transportation Company Limited (BOST) has denied claims that it has imported manganese-laden fuel under the Gold for Oil policy.

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Nigeria Oil Industry Overview

Drillers

While in the past it used to transport the most oil to the United States, now Nigerian oil goes mostly to Asia, Europe, and South America. According to its OPEC file , the West African nation is home to 36.97 The country exports most of the oil it produces even though it has a refining capacity of almost 450,000 BPD.

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Louisiana’s Sabine River Authority Not Entitled To Sovereign Immunity

The Energy Law

Plaintiffs alleged that despite advance knowledge of the likelihood for significant downstream flooding, SRA-L decided to open spillway gates freeing water from the reservoir into the Sabine River to alleviate elevated reservoir volumes from a cataclysmic rain storm in March of 2016. 1] Perry Bonin, et al., Sabine River Auth.,

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RARE GEOLOGY GREAT ECONOMICS LOW CAPEX

Oil and Gas Investments

He already has deals with several downstream partners, including a large Canadian division of Glencore, and in the US with GKN Powder Metallurgy, with 16,000 employees and 31 manufacturing plants. First Phosphate has rapidly moved the project to feasibility study ready.They drilled 21 holes in 2023 and 99 holes in 2024.