The Energy Law

FEBRUARY 22, 2024

22-20226, 2024 WL 137038 (5th Cir. Jan 12, 2024) concerns how three related provisions in an oil and gas lease interact: (1) a royalty clause; (2) a free-use clause; and (3) an off-lease clause. Related to royalty provisions are “free-use clauses” and “off-lease clauses.” Hilcorp Energy Company , —F.4th—,

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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. Wages in 2024 with $227,000 Annual Average appeared first on Oil Gas Leads.

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Producer's Edge

DECEMBER 3, 2024

This article discusses a couple more cases in 2024. 08-23-00153-CV, 2024 WL 2780419, at *1 (Tex. —El Paso May 30, 2024, no pet.), 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[.]

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Texas Oil & Gas Attorney

MAY 17, 2024

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., for all operations hereunder.

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Texas Oil & Gas Attorney

SEPTEMBER 21, 2024

30, 2024), the Court also considered how a salt royalty should be calculated. Myers owns the surface and a 1/8 royalty in the minerals. Underground Services Markham, LLC and United Brine Pipeline Co., 3d , 2022 WL 2163857 (Tex.Civ.App.Corpus ChristiEdinburgh 2022), pet. granted (Aug.

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The Energy Law

MARCH 18, 2024

23-40591, 2024 WL 886951 (5th Cir. 1, 2024), the Fifth Circuit held that an oil-and-gas royalties class action belongs in federal court based on its interpretation that the “principal injuries” prong of the CAFA local controversy exception requires all plaintiffs sustain their principal injuries in the forum state.

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Producer's Edge

NOVEMBER 4, 2024

2: Producers Edge - Fall 2024 Who Owns the Void? Texas Supreme Court Weighs Underground Storage Rights and Royalty Calculations New Business Courts: Strategic Considerations for Oil and Gas Counsel Post-Van Dyke Litigation Roundup Future updates will be sent out once every month or two by email.

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Producer's Edge

JANUARY 27, 2025

07-23-00390-CV, 2024 WL 3249338 (Tex. —Amarillo June 28, 2024, pet. This lease royalty case involved a dispute over whether the lessee was permitted to deduct volumes of gas used off the premises to power post-production activities on other gas produced from the same well. Unitex WI, LLC v. CT Land & Cattle Co.,

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Valor

FEBRUARY 24, 2025

billion in 2024 from $13.4 million barrels per day (bpd) in 2024 to 13.6 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 The EIA forecasts U.S.

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Oil Review Middle East

MARCH 11, 2025

Hunting sees the Middle East as a key area of growth, given the tender activity across the region, according to its 2024 Results statement. Hunting will pay a 15% royalty to the sellers on revenue earned for a period of 15 years, post-completion.

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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. Source: Myjoyonline.com

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The Energy Law

MARCH 10, 2023

3] This percentage will rise steadily over the next few years, starting at 40% for electric vehicles sold prior to 2024 and growing to 80% for vehicles sold after 2026. First, the Advanced Manufacturing Production Credit grants a tax credit equal to 10% of the costs incurred to produce any critical minerals, [1] including lithium. [2]

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The Energy Law

NOVEMBER 28, 2022

Notably, the FYs 2023 and 2024 Environmental Studies Programs seek to identify potential effects on the human and marine environments from potential migration and leaks, fugitive CO 2 emission concerns, and cumulative impacts surrounding the largely uncharted territory of regulating long-term offshore CCS.

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Oil and Gas Investments

NOVEMBER 27, 2024

That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. Brazilian government data (SECEX) from January 16, 2024, shows that Brazil exported about $166.6 Part of the funding for Autazes will come from a royalty agreement with Franco Nevada. Which is a BIG advantage!

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Oil & Gas 360º

MARCH 10, 2025

’s reserves evaluation effective December 31, 2024 for both Whitecap and Veren, respectively, which were each evaluated or audited in accordance with the COGE Handbook and account for drilling locations that have associated proved and/or probable reserves, as applicable.

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Oil and Gas Investments

NOVEMBER 13, 2024

A BIG bank account they raised $16 million ahead of their August 2024 IPO A historical resource (non- 43-101 compliant, but from 2011) of 1.8 And once you are in production, you have so many more financing options available to yougold loans, straight debt, royalties etcyou are not always at the mercy of equity markets.

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