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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

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

Royalty 98
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Lithium Extraction May Soon Turn Produced Water Into Produced Profits

The Energy Law

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] 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]

E&P 105
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With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

The CEQ report noted that royalty rate reduction credits for carbon capture could potentially create financial incentives for investment and recognized the need to address long-term liability after a storage site has been closed.

Offshore 105