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U.S. Treasury Secretary Attacks Tax Breaks for Oil & Gas Companies

The Energy Law

The Secretary’s comments, made when speaking to the Senate Finance Committee on the proposed budget, reinforced the Obama administration’s stance that new U.S. However, the tax will only affect companies currently using a loophole to avoid paying royalties on the energy supplies they drill. For more information, go to [link]

Oil 40
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30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

During the presentation of the 2024 Budget to Parliament, the Finance Minister highlighted the positive impact of the policy, citing a reduction in the exchange rate from GHS17 to a dollar in November 2022 to GHS12 to a dollar in November 2023. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.

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Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code

The Energy Law

1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] in unpaid royalties and an additional double damages penalty of $484,058.52

Royalty 40
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Strong Dissent Warns of “Devastating Economic Repercussions” of Second Circuit’s Decision in Oil & Gas Case

The Energy Law

T]he opinion will have a most chilling effect on the financing of oil and gas operations, which in turn will have an adverse economic effect on government and business in our state. Tauren Exploration, Inc. , A detailed summary of that decision is available here. Chief Judge Henry Brown, Jr.,

Casing 40
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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360Âş

A joint information circular, which will include details of the transaction, is expected to be mailed to Whitecap and Veren shareholders in mid-April 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Advisors National Bank Financial Inc.

Energy 130
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THE BRILLIANT GOLD STRATEGY IN PLAIN SIGHT–THAT NEXGOLD IS EXECUTING

Oil and Gas Investments

Once production financing is in place, it takes us to the 200,000 ounce a year production level200,000 low cost ounces a yearde-risked. Assuming the $11 million financing that was announced with the deal gets filled, Nexgold will have $18 million gross cash and $12 million gross debt on the balance sheet. Nebari also gets a small 0.6%

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Emerging on the Other Side of the Coronavirus Pandemic: Raising Structured Capital for Small and Mid-Size Businesses

The Energy Law

Investors in these structured debt and equity financings likely will include commercial credit companies making asset-backed loans, private equity, distressed asset investment funds, family offices and other private investors interested in assisting in the survival and success of SMBs. Communications include firm news, insights, and events.