Kimbell Royalty Partners declares second quarter 2021 distribution
July 26, 2021
Kimbell Royalty Partners Declares Second Quarter 2021 Distribution PR Newswire …
Oil Profitability Around the World – or – What is the cost to keep their social programs running?
July 24, 2020
RarePetro Oil & Gas 360 Publishers Note: This is an outstanding piece from Kevin about world oil costs and what the countries need to make in order to keep up with their social programs. We have been covering this topic, and Kevin has articulated the points very well. Many countries base their social and military spending almost solely on revenue
Alliance Resource Partners Completes Acquisition of Permian Mineral Interests
August 5, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has completed its previously announced acquisition of oil and gas mineral interests in the Permian Basin from Wing Resources LLC and
Alberta Royalty Rates will Remain Largely Unchanged Except for One Change…
January 3, 2017
New incentives program designed to reward efficient drillers Alberta’s provincial government has decided to leave royalty rates largely unchanged after the leadership ran on a platform that promised to change rates to ensure the province was receiving its fair share. Alberta Premier Rachel Notley said that if the review found the timing was wrong to raise royalty rates, her party
Clinton Promises to Raise Oil & Gas Royalties on Federal Lands
June 2, 2016
Clinton believes the 12.5% federal royalty rate is lagging behind Hilary Clinton promised yesterday that she will raise the royalty rate the government charges companies that extract oil, gas and coal from onshore federal lands from 12.5% if she is elected president. Clinton’s campaign said she would ensure taxpayers are “getting a fair deal” by raising royalty rates, which are
Virginia Pays Record $4.49 Million in Gas Royalties to Land Owners
January 12, 2016
More than $2.5 million came as part of new legislation addressing Coalbed Methane The Virginia Gas and Oil Board approved distributing $4.49 million from the state’s escrow account during 2015, the most in a single year. The payments were the first substantial response to years of litigation between property owners and oil and gas companies over who owned the royalties
Canadian Natural Resources and PrairieSky Form the Largest Royalty Position in Canada
November 9, 2015
PrairieSky to purchase Canadian Natural assets for C$1.8 billion Canadian oil major Canadian Natural Resources (ticker: CNQ) announced today that PrairieSky Royalty (ticker: PSK) will purchase assets from CNR to for the largest fee simple mineral title and royalty positions in Western Canada. PrairieSky will acquire a portion of Canadian Natural’s royalty assets for total consideration of C$1.8 billion (USD$1.36
New Leadership in Alberta Raising Taxes, Targeting Royalties in the Summer
June 16, 2015
Three bills to kick things off The New Democratic Party’s (NDP) Rachel Notley is planning to put three bills before the legislature during its short spring session, set to last just two weeks. The first bill will change laws around political donations from corporations and unions, the second will raise the corporate tax from 10% to 12%, and Notley’s third
DOI Looks to Raise Royalties
April 22, 2015
Drilling on Federal Lands could get more expensive The Department of the Interior (DOI) recently announced a notice of proposed rulemaking that would change the price structure used for royalties on federal lands. The Bureau of Land Management (BLM) is soliciting public comments for the next 45 days on the proposed rulemaking. According to the proposal, the BLM is considering
Cash-Strapped School District Turns to Natural Gas Drilling for Funding
November 12, 2014
District will receive $500,000 up-front payment if gas is found beneath the school property, then 17% royalties Pittsburgh’s East Allegheny School District gave the thumbs up to natural gas drilling on middle school property to raise much needed funds for education, KDKA Television reported yesterday. Under the lease agreement, EQT Corporation (ticker: EQT) will explore 170 acres owned by the
Shale Boom Benefits Keep Piling Up
September 17, 2014
The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% (24.3 Bcf/d from 20.2 Bcf/d). The United States, long dependent on the imports of foreign oil, is now speaking aloud
