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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

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaser’s anticipated post-sales costs.

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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

In addition to financial highlights, Long and McCrea provided details on Energy Transfers efforts to supply natural gas to data centers, power plants and manufacturing facilities, including the recently announced agreement with CloudBurst to provide natural gas to its flagship AI-focused data center in Central Texas. (

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Valor | Energy Connection – Mar. 10, 2025

Valor

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41

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Oil prices fluctuate despite supply boost by OPEC+

Crude Oil Futures

Starting in April, the cartel will boost output by 138,000 barrels per day (bpd)the first such increase since 2022. per barrel, respectively. In China, meanwhile, the National Bureau of Statistics of China, reported that its manufacturing PMI has risen above 50% threshold in February, indicating a growth in manufacturing sector.

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Trump’s steel, aluminum tariffs take effect as US-Canada trade war intensifies

Oil & Gas 360Âş

By closing loopholes in the tariff that have been exploited for years, President Trump will again supercharge a steel industry that stands ready to rebuild America, Steel Manufacturers Association President Philip Bell said in a statement. Canada ships about 4 million barrels of crude to the U.S. tariffs persist.

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