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Investing in Oil and Gas Royalties Explained

Aresco

Investing in oil and gas royalties involves purchasing the rights to receive a portion of the revenue generated from the production and sale of oil and gas from a particular property or lease. Passive Income : Oil and gas royalties can provide investors with a source of passive income.

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30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

Mahamudu Bawumia for the successful implementation of the Gold for Oil Policy, hailing it as a pivotal strategy that stabilized the local currency and alleviated fuel costs. The government’s investment in exploring green minerals like graphite, manganese, and bauxite was also emphasized to support the green energy transition.

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Depletion Allowance for Oil and Gas Overview

Aresco

For oil and gas, the percentage depletion rate is set at 15% of the gross income from the property, subject to certain limitations and qualifications. This includes expenses related to exploration, development, and extraction. Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022.

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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. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen?

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.

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