article thumbnail

Streaming and royalties in mining: Let the music play on

McKinsey

Renewed growth sentiment among miners’ management teams, combined with the rise of streaming-and-royalty financing over the past ten years, suggests that this particular type of alternative financing could be set for significant expansion over the next decade.

Royalty 116
article thumbnail

Louisiana Legislature to Consider Amendments to Forced Pooling Regime Requiring Operators to Pay Lessors of Nonparticipating Working Interest Owners Directly

The Energy Law

While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners.

Royalty 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

White House Wants to End Royalty-in-Kind Program

The Energy Law

by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash.

Royalty 40
article thumbnail

Jury Finds Oil Royalties Underpaid in False Claims Act Case

The Energy Law

The Associated Press reported today that a federal jury found Kerr McGee liable for additional royalties on crude oil produced from federal properties and sold through Texon. Kerr McGee had denied the allegations and claimed that no additional royalties were owed. Kerr McGee has indicated that intends to appeal the verdict.

Royalty 40
article thumbnail

Texas Supreme Court Again Addresses Royalty Class Actions

The Energy Law

15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims. The class affirmed the denial of two subclasses, but reversed the denial of a third subclass of royalty claimaints. Phillips Petroleum Co. , 03-0824 (Feb. Thus, under its Yzaguirre holding, class treatment was inappropriate.

Royalty 40
article thumbnail

Midyear Outlook: Ohio Soaring to New Oil Heights While Natural Gas on the Rise

Energy Central

“Ohio will likely set a new record for oil production this year,” according to Chief of the Division of Oil and Gas Resources Management for the Ohio Department of Natural Resources Eric Vendel.

article thumbnail

Interior Considers Appeal of Kerr-McGee Decision

The Energy Law

12, 2009), in which the Fifth Circuit held that Interior had violated Section 304 of the Deep Water Royalty Relief Act by imposing "price threshold" requirements that reduce a lessee’s royalty suspension volume below statutory minimums.

Royalty 40