2023 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 Blog

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. 20-0904, 2023 WL 2438927 (Tex. Sheppard , — S.W.3d

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 Blog

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

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 Blog

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

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

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

The Energy Law Blog

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

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 Blog

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

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

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

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

The Energy Law Blog

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

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? ” The Fifth Circuit, applying Texas law in Dunn-McCampbell Royalty Interest, Inc. Part II: The Royalty Calculation Dispute A. 3d 39 , 47 (Tex.

Royalty

Royalty Royalty Interest Casing Oil

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. The oil and gas industry remains a powerhouse in the U.S. Why Are Oil & Gas Wages So High?

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

Valor | Energy Connection – Feb. 24, 2025

Valor

FEBRUARY 24, 2025

billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. onshore wind farms and spinning off offshore wind assets. The companys profits fell to $8.2

Barrel

Barrel Energy Energy Oil

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. According to it, oil companies operating in Nigeria would owe an additional royalty to the government when oil prices pass the $35-per-barrel threshold.

Oil

Oil Royalty Exploration and Production Government

A Primer on CCUS Regulation in Louisiana

The Energy Law Blog

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

Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022. Crude Oil Investing: A Guide for Accredited Investors Investing in Oil and Gas Royalties Explained What are Tangible Drilling Costs? For more information, please visit www.irs.gov.

Oil

Oil Gas Crude Oil Exploration and Production

What are Intangible Drilling Costs?

Aresco

NOVEMBER 30, 2023

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. Securing these rights is fundamental as it grants the legal authority to access and develop subsurface resources.

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 Blog

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

At the end of 2023, for example, New Englanders paid 31% more for natural gas compared to U.S. A reality the Governor’s constituents are now forced to face. The results of past political choices are bearing out in the form of unnecessarily higher prices, supply shortages, and grid instability.

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

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

Interest Paid on Past Due Royalties

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

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

Crum v. Mooney: Calculating Conveyances of NPRIs in Ohio

The Continued Struggle to Rebut the Van Dyke Presumption

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

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

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

Valor | Energy Connection – Feb. 24, 2025

Nigeria Oil Industry Overview

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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