Remove 2030 Remove Gas Remove Royalty
article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

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. Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S. million bpd in 2025, while gas production is expected to rise to 104.6 GW capacity. Read more U.S.

Barrel 52
article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Hunting will pay a 15% royalty to the sellers on revenue earned for a period of 15 years, post-completion. For Hunting, the business will be margin accretive and strongly position the company to reach its Hunting 2030 Strategy targets in the medium term as commercialisation accelerates.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. 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 52
article thumbnail

Lithium Extraction May Soon Turn Produced Water Into Produced Profits

The Energy Law

billion and is expected to double by 2030 as demand for electric vehicles and grid storage batteries increases. American oil and gas producers may soon be poised to capitalize on this demand, as produced water from some areas contains appreciable levels of dissolved lithium. 1] 26 U.S.C. § 45X(b)(1)(M). [2] 2] 26 U.S.C. § 30D(e)(1). [4]

E&P 105
article thumbnail

Pipeline Expansion = Affordable Energy

Marcellus Shale Coalition

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.

article thumbnail

Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S.

Oil 40
article thumbnail

Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

But the oil and gas industry stands to be impacted regardless of the election outcome in November, and those impacts will have wide-reaching effects on the U.S. oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S.

Oil 40