Basin Refinery Royalty 
Valor
FEBRUARY 24, 2025
Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. Refinery inputs averaged 15.4 The EIA forecasts U.S.
Drillers
MARCH 24, 2020
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. For many, stealing crude oil from the pipelines and processing it at one of the many illegal refineries in the region is a means of earning a living. How did this happen?
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