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“Natural Gas Extraction” Job Paid Average Wage of $176,800 in 2024

Marcellus Drilling News

Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the the energy industry in 2024 (full copy below).

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How Many People Did USA Oil and Gas Employ in 2024?

Rigzone

Rigzone takes a look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report.

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Source Rock Royalties announces record annual royalty production & revenue

BOE Report

CALGARY, AB, March 10, 2025 /CNW/ – Source Rock Royalties Ltd. (“Source Rock”) (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces unaudited(1) operational and financial highlights for fiscal 2024 and the fourth quarter of 2024 (“Q4 2024”).

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Hahn v. ConocoPhillips: When is a Stipulation Enforceable?

Oil and Gas Lawyer

On the last day of 2024 the Texas Supreme Court issued its opinion in ConocoPhillips v. 23-0024, putting to rest a long-running dispute between Kenneth Hahn and ConocoPhillips (COP). The opinion deals with a fixed vs. floating NPRI reservation, and a stipulation of interest addressing the reservation.

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Texas Supreme Court: Simple Interest Applies to Late Royalty Payments

Texas Oil & Gas Attorney

In a recent case, the Texas Supreme Court considered whether interest on late royalty payments was supposed to be simple or compound interest. 3d 501, 2024 (Tex. When Samson paid previously unpaid royalties to the Plaintiff, it included simple interest. In Samson Exploration, LLC v. Bordages, 662 S.W.3d

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

Oil Gas Leads

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.

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Free Use of Gas Clauses

Texas Oil & Gas Attorney

The Texas Supreme Court recently considered oil and gas leases that involved the interaction of the “free use of gas” clause and the royalty due on gas used off the leased premises. 3d , 2024 WL (Tex. The leases stated that Hilcorp must pay as royalties on gas. Hilcorp Energy Co.,

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