2023, Gas and Royalty - Energy Aggregated

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

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. The leases contained the following royalty provisions: 3.

Royalty

Royalty Oil Gas Downstream

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

Accordingly, auditing of royalty payments was left to the Mineral Board’s internal accountants, and when an issue arose as to whether royalty payments were made correctly, the Mineral Board’s land personnel and internal counsel would oversee sending demands and pursuing litigation against the State’s mineral lessees and well operators.

Royalty

Royalty Natural Gas Gas Operator

Interest Paid on Past Due Royalties

Texas Oil & Gas Attorney

SEPTEMBER 8, 2023

The Texas Supreme Court is going to hear a case in which the issue is whether the interest to be paid on past due royalties is simple or compound interest. granted September 1, 2023) , the lessors executed a number of oil and gas leases with Samson. In the case of Samson Exploration, LLC v. Bordages, 662 S.W.3d 3d 501 (Tex.

Royalty

Royalty Casing Oil Gas

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. But the history of oil and gas conveyances in Texas shows why this has become such a challenging issue for the state’s judicial branch. Navigators Grp. ,

Royalty

Royalty Oil Gas Royalty Interest

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

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

Oil Gas Leads

MARCH 13, 2025

The oil and gas industry remains a powerhouse in the U.S. 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.

Oil

Oil Gas Engineer Engineering

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

Depletion Allowance for Oil and Gas Overview

Aresco

FEBRUARY 14, 2024

The depletion allowance is a tax provision in the United States designed to account for the reduction of natural resources, such as oil and gas, as they are extracted and sold. For the oil and gas industry, the depletion allowance functions similarly to depreciation for other types of assets.

Oil

Oil Gas Crude Oil Exploration and Production

The Continued Struggle to Rebut the Van Dyke Presumption

Producer's Edge

DECEMBER 3, 2024

Several 2023 decisions rendered by the El Paso Court of Appeals, reflect a trend toward near-automatic application of the presumption. Travis Lattner, Jr., “a non-participating royalty of one-fourth (1/4th) of the landowner’s usual one-eighth (1/8th) royalty on oil and gas produced and saved from said land[.]”

Royalty Interest

Royalty Interest Royalty Casing Instrumentation

Who Owns the Void? Oral Arguments at SCOTX Regarding Underground Storage Rights

Producer's Edge

NOVEMBER 1, 2024

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? As I recently summarized in my annual oil and gas law review (Austin W. Brister & Logan Jones, Oil, Gas & Mineral Law, 9 SMU ANN. 3d 39 , 47 (Tex.

Royalty

Royalty Royalty Interest Casing Oil

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.

Government

Government Energy Energy Royalty

Valor | Energy Connection – Feb. 24, 2025

Valor

FEBRUARY 24, 2025

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S.

Barrel

Barrel Energy Energy Oil

A Primer on CCUS Regulation in Louisiana

The Energy Law

MARCH 28, 2022

Oil and gas related injection wells are considered Class II wells and are regulated by the Underground Injection Control (UIC) program within the Office of Conservation, which has achieved primary enforcement authority under the applicable federal guidelines.

Underground Injection Control

Underground Injection Control Operator Exploration and Production Oil

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

What are Intangible Drilling Costs?

Aresco

NOVEMBER 30, 2023

Intangible Drilling Costs (IDCs) play a crucial role in oil and gas investments, offering significant tax advantages that can enhance profitability for investors. Intangible Drilling Costs (IDC) are a critical element of the financial landscape in the oil and gas industry. What are intangible drilling costs?

Exploration and Production

Exploration and Production Consulting Oil Professional Services

Nigeria Oil Industry Overview

Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.

Oil

Oil Royalty Exploration and Production Government

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 Pipeline

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. Finally, in October 2023, with all the appeals satisfied, the court allowed that the license was valid and reinstated. from 2023 to 2027.

Casing

Casing Exploration and Production Royalty Transportation

Pipeline Expansion = Affordable Energy

Marcellus Shale Coalition

FEBRUARY 26, 2025

In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gas pipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. New England sits adjacent to Pennsylvania and the largest natural gas producing region in the country.

Pipeline

Pipeline Natural Gas Energy Energy

Energy Aggregated

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

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

Trending Sources

Interest Paid on Past Due Royalties

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

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

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

Crum v. Mooney: Calculating Conveyances of NPRIs in Ohio

Depletion Allowance for Oil and Gas Overview

The Continued Struggle to Rebut the Van Dyke Presumption

Who Owns the Void? Oral Arguments at SCOTX Regarding Underground Storage Rights

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

Valor | Energy Connection – Feb. 24, 2025

A Primer on CCUS Regulation in Louisiana

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

What are Intangible Drilling Costs?

Nigeria Oil Industry Overview

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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