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

Royalty 98
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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. 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. How did this happen?

Oil 52
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With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

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 105
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BRAZIL POTASH GRO-NYSE THE MOST COMPELLING BUSINESS CASE IN GLOBAL RESOURCES

Oil and Gas Investments

And its going to get worse, as logistics – transportation costs have become a big burden for foreign potash producers. Which means that if you can produce potash locallywhich by definition means MUCH LOWER transport costswell, you should make A LOT of money. That is a MASSIVE reduction in the cost of transportation.

Casing 52
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Pipeline Expansion = Affordable Energy

Marcellus Shale Coalition

At the end of 2023, for example, New Englanders paid 31% more for natural gas compared to U.S. Federal Policy Changes Fortunately, some relief could be on the way, as President Trump recently signaled support for completing the Constitution Pipeline, which would transport natural gas from Pennsylvania to New England.