2023, Energy and Royalty - Energy Aggregated

Louisiana State Mineral Board to Consider Retaining Third Party Counsel to Pursue Underpayment of Royalty Claims Associated with Natural Gas Production on State Lands and Waterbottoms

The Energy Law

JULY 10, 2023

The Louisiana State Mineral & Energy Board (“Mineral Board”) is the body tasked with overseeing the mineral resources owned by the State of Louisiana. Traditionally, these tasks are handled internally by the Mineral Board’s own staff and counsel. A copy of the Mineral Board’s agenda can be found here.

Royalty

Royalty Natural Gas Gas Operator

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

MARCH 15, 2023

The Texas Supreme Court recently released its opinion in Devon Energy Production Company, L.P. 20-0904, 2023 WL 2438927 (Tex. 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. The lessees paid royalties to the lessors based on their gross proceeds. Sheppard , — S.W.3d

Royalty

Royalty Oil Gas Downstream

Louisiana Supreme Court holds that payment of mineral royalties judgment against LDNR is a matter of legislative discretion, reversing grant of mandamus

The Energy Law

FEBRUARY 28, 2023

3d , 2023 WL 526075, the Louisiana Supreme Court rejected a writ of mandamus that would have compelled the LDNR to satisfy a $4.7 million judgment for reimbursement of mineral royalties. million in mineral royalties attributable to ownership of these banks. 1/1/23), So.

Royalty

Royalty E&A Casing Basin

Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

The Energy Law

APRIL 4, 2023

On Friday, March 31, 2023, Representative Larry Bagley of Louisiana’s District 7 proposed amendments to Louisiana Revised Statutes § 30:10. As was the case in 2012, this proposed amendment would also extend this direct payment requirement to any overriding royalty interests burdening the nonparticipating owner’s lease.

Royalty

Royalty Operator Royalty Interest E&A

Louisiana Senator Proposes Statutory Framework Governing Rights and Obligations of Parties to Renewable Energy Leases

The Energy Law

APRIL 3, 2023

The Louisiana Legislature’s 2023 Regular Session begins on April 10th, and last Friday, Louisiana Senator Allain of District 21 filed SB 154 proposing to enact a statutory framework directly governing the rights and obligations of parties to renewable energy leases. 122); The lessee of a renewable energy lease would be “bound to.

Government

Government Energy Energy Royalty

Ohio Appellate Court Interprets Reservations of NPRIs Involving Double Fractions as Reserving Fixed Royalty Interests

Vorys Energy

JANUARY 2, 2024

Ohio’s Seventh District Court of Appeals recently interpreted two reservations of non-participating royalty interests (NPRIs) involving double fractions, holding that they reserved fixed, rather than floating, royalties. Ohio, LLC , 2023-Ohio-4749. Jeffers , 2023-Ohio-3653, and Crum v. Mooney , 2023-Ohio-4451.

Royalty Interest

Royalty Interest Royalty

Texas Supreme Court Holds that References to “One-Eighth” in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

The Energy Law

MARCH 7, 2023

21-0146, 2023 WL 2053175 (Tex. 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 royalty interest when they executed oil and gas leases.

Royalty

Royalty Oil Gas Royalty Interest

Valor | Energy Connection – Feb. 24, 2025

Valor

FEBRUARY 24, 2025

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses.

Barrel

Barrel Energy Energy Oil

Crum v. Mooney: Calculating Conveyances of NPRIs in Ohio

Vorys Energy

DECEMBER 15, 2023

Mooney , 2023-Ohio-4451, Ohio’s Seventh Appellate District considered whether an 1898 assignment conveyed a fixed or floating royalty. The assignment in question conveyed “the one-half (1/2) part of his royalty Being 1/16 part of all the oil and gas in and under the following described premises.” Recently, in Crum v.

Royalty

Royalty Oil Gas IT

Oil and Gas Industry Tops U.S. Wages in 2024 with $227,000 Annual Average

Oil Gas Leads

MARCH 13, 2025

According to the latest State of Energy Report from the Texas Independent Producers & Royalty Owners Association (TIPRO) , oil and gas workers earned an average annual salary of $227,000 in 2024 an increase of $4,389 from 2023. Booming Energy Markets With global energy demand remaining high, U.S.

Oil

Oil Gas Engineer Engineering

30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

NOVEMBER 26, 2023

During the presentation of the 2024 Budget to Parliament, the Finance Minister highlighted the positive impact of the policy, citing a reduction in the exchange rate from GHS17 to a dollar in November 2022 to GHS12 to a dollar in November 2023. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.

Crude Oil

Crude Oil Oil Government Exploration and Production

A Primer on CCUS Regulation in Louisiana

The Energy Law

MARCH 28, 2022

It is currently anticipated that primacy for Louisiana will be granted in late 2022 or early 2023. The order creating the unit will also name a unit operator and allocate unit costs in the same proportion that unit production is allocated.

Underground Injection Control

Underground Injection Control Operator Exploration and Production Oil

Depletion Allowance for Oil and Gas Overview

Aresco

FEBRUARY 14, 2024

The depletion allowance is an important tax benefit for the oil and gas industry as it helps to incentivize investment in the exploration and extraction of natural resources, which in turn contributes to domestic energy production and the economy. Disclaimer The above general discussion is provided for background information only.

Oil

Oil Gas Exploration and Production Crude Oil

What are Intangible Drilling Costs?

Aresco

NOVEMBER 30, 2023

IDCs are tax-deductible expenses in the United States and are designed to incentivize domestic energy production. This category includes lease acquisition fees, rentals, and royalty payments to property owners and mineral rights holders. Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022.

Exploration and Production

Exploration and Production Consulting Oil Professional Services

With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

NOVEMBER 28, 2022

The two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework. In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS.

Offshore

Offshore Operator E&A Transportation

BRAZIL POTASH GRO-NYSE THE MOST COMPELLING BUSINESS CASE IN GLOBAL RESOURCES

Oil and Gas Investments

NOVEMBER 27, 2024

billion of agricultural products in 2023, and Brazil ranks first in production for many of the worlds highest-demand and potash-intensive crops, like soybean and sugarcane. Following that, they will receive a mining concession from the Brazilian Ministry of Mines and Energy. from 2023 to 2027. Which is a BIG advantage!

Casing

Casing Exploration and Production Royalty Transportation

Pipeline Expansion = Affordable Energy

Marcellus Shale Coalition

FEBRUARY 26, 2025

Healey, in a political understatement for the ages, said she was deeply troubled by the rising energy costs and looming energy crisis. Yet, the critical energy infrastructure to move clean, affordable natural gas to market is at full capacity, with expansions and new builds of pipelines blocked by poor political decisions.

Pipeline

Pipeline Natural Gas Energy Energy

Energy Aggregated

Louisiana State Mineral Board to Consider Retaining Third Party Counsel to Pursue Underpayment of Royalty Claims Associated with Natural Gas Production on State Lands and Waterbottoms

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

Trending Sources

Louisiana Supreme Court holds that payment of mineral royalties judgment against LDNR is a matter of legislative discretion, reversing grant of mandamus

Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

Louisiana Senator Proposes Statutory Framework Governing Rights and Obligations of Parties to Renewable Energy Leases

Ohio Appellate Court Interprets Reservations of NPRIs Involving Double Fractions as Reserving Fixed Royalty Interests

Texas Supreme Court Holds that References to “One-Eighth” in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

Valor | Energy Connection – Feb. 24, 2025

Crum v. Mooney: Calculating Conveyances of NPRIs in Ohio

Oil and Gas Industry Tops U.S. Wages in 2024 with $227,000 Annual Average

30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

A Primer on CCUS Regulation in Louisiana

Depletion Allowance for Oil and Gas Overview

What are Intangible Drilling Costs?

With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

BRAZIL POTASH GRO-NYSE THE MOST COMPELLING BUSINESS CASE IN GLOBAL RESOURCES

Pipeline Expansion = Affordable Energy

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