Mineral and Royalty Interests

Sitio Royalties reports fourth quarter and full year 2023 operational and financial results, recent developments, and provides full year 2024 guidance

Sitio Royalties reports fourth quarter and full year 2023 operational and financial results, recent developments, and provides full year 2024 guidance

Oil and Gas 360


Announces Definitive Agreement to Acquire 13,062 NRAS in the DJ Basin for $150 Million(1)

Announces $200 Million Share Repurchase Program and Updated Return of Capital Framework

Closed on Previously Announced Sale of Anadarko and Appalachia

Source: Oil Price

Elliott prepares over $1 billion to invest in metals mining assets

Oil Price


Elliott Investment Management is preparing to roll out a new company with an at least $1 billion war chest to invest in metals mining assets around the world, to take advantage of the energy transition and the currently …

Source: Oil Price

How China is tightening its noose on critical minerals

Oil Price


The historic Inflation Reduction Act (IRA) of 2022 took bold steps towards promoting U.S. production of critical minerals, with a dual-pronged goal of supporting a rapid energy transition and lessening U.S. reliance on China and Russia, two countries …

Source: Oil Price

Mining billionaire slams carbon capture as ‘Falsehood’

Oil Price


Carbon capture has failed for decades and policymakers need real solutions to emissions reductions, not a “complete falsehood” such as CCS, according to Andrew Forrest, the Australian billionaire who is the founder of iron ore producer Fortescue Metals …

Source: White Hawk Energy

WhiteHawk Energy to acquire Marcellus gas assets in $54 million deal

World Oil


(WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. The acquisition increases WhiteHawk’s mineral and royalty ownership in its existing …

Source: Oil Price

U.S. says Chinese minerals control will make energy security more complex

Oil Price


China’s dominance in critical minerals mining and processing will make global energy security in the energy transition “infinitely more complex,” U.S. Secretary of Energy Jennifer Granholm said at a conference on Thursday.

 

“The fuel of this energy …

Sitio Royalties announces $500 million offering of senior notes

Sitio Royalties announces $500 million offering of senior notes

Oil and Gas 360


Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced that its subsidiaries, Sitio Royalties Operating Partnership, LP (the “Partnership”) and Sitio Finance Corp. (the “Co-Issuer” and together with the Partnership, the “Issuers”), …

Source: Oil Price

A critical mineral cartel would be worse than OPEC

Oil Price


In her State of the Union address this week, EC President Ursula von der Leyen made a point about the EU’s growing independence in sectors such as energy, chips, and raw materials.

 

The official stressed the importance …

Source: Oil Price

McKinsey: Key metals shortages could slow the energy transition

Oil Price


Looming shortages of critical metals enabling the energy transition could slow the uptake of renewables and low-carbon solutions, McKinsey & Company warns. Supply of nickel, copper, lithium, cobalt, tin, iridium, and rare-earth element dysprosium faces shortages this decade, …

Source: Oil Price

Petrobras has high hopes for refining, pre-salt discoveries

Oil Price


Brazilian-controlled oil company Petrobras has high hopes for increasing its refining capacity and its Curacao pre-salt discovery, company officials said on Friday.

In a Friday webcast for investors, Petrobras director of industrial processes and products William Franca said …

Source: Oil Price

Tesla launches construction of lithium refinery in Texas

Oil Price


Tesla this week broke ground on a lithium refinery in Texas in the company’s latest move aimed at ensuring a sufficient supply of critical materials for the manufacturing of its cars.

 

It is also part of a …

Kimbell Royalty Partners acquire Midland basin assets for $143 million

Kimbell Royalty Partners acquire Midland basin assets for $143 million

Oil Price


(WO) – Kimbell Royalty Partners, an owner of oil and gas mineral and royalty interests in approximately 16 million gross acres in 28 states, has agreed to acquire mineral and royalty interests from MB Minerals, L.P., a subsidiary …

Source: Oil Price

Latin America looks to capitalize on soaring lithium demand

Oil Price


With the success of the energy transition closely tied to the ability to store solar and wind power, battery manufacturers are zeroing in on Latin America’s so-called lithium triangle of Argentina, Bolivia and Chile.

These three countries alone …

Source: Reuters

Mexico’s Lopez Obrador orders ministry to step up lithium nationalization

Nasdaq


MEXICO CITY – Mexican President Andres Manuel Lopez Obrador on Saturday signed a decree handing over responsibility for lithium reserves to the energy ministry, after nationalizing lithium deposits last April.

During an event in Sonora, Lopez Obrador signed the …

Source: Reuters

Saudi Arabia looks to invest in mining assets to secure critical minerals

Oil Price


Saudi Arabian Mining Company (Ma’aden) has signed an agreement with the Saudi sovereign wealth fund, the Public Investment Fund, to set up a joint company that will invest in mining assets abroad to secure strategic minerals.

Under the …

Source: Oil Price

Iran claims oil, petrochem exports hit highest since 2018

Oil Price


Iran’s exports of crude oil, condensates, and petrochemical products hit their highest level in the Iranian month of November since 2018, when the U.S. reimposed sanctions on the Islamic Republic’s oil industry, Petroleum Minister Javad Owji said.…

Source: CNBC

China ‘played a great game’ on lithium and we’ve been slow to react, industry CEO says

CNBC


China is leading the way when it comes to lithium — and the rest of the world has not been quick enough to respond to its dominance, according to the CEO of American Lithium.

 

Speaking to CNBC’s …

Source: Oil Price

Looming copper shortage could slow the global energy transition

Oil Price


The pace of the energy transition could be slowed by a looming shortage of copper, analysts and top copper producers say.

 

“There is going to be a very significant shortage in copper,” Richard Adkerson, chairman and CEO …

Source: Reuters

U.S. steps away from flagship lithium project with Berkshire

Reuters


In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment.

 

A …

Source: slb.com

Schlumberger partners with Gradiant to sustainably produce battery-grade lithium compounds

World Oil


Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds.

 

As part of Schlumberger’s NeoLith Energy direct …

Searchlight Minerals Clarkdale Slag Project update

Searchlight Minerals Clarkdale Slag Project update

Oil and Gas 360


HENDERSON, Nev.Sept. 23, 2022 /PRNewswire/ — This project update summarizes the results of the most recent testing of Searchlight Minerals (SRCH) Clarkdale Project located in Clarkdale, AZ.  Searchlight Minerals is focused on developing and …

Brigham Minerals, Inc. announces core Midland Basin acquisition

Brigham Minerals, Inc. announces core Midland Basin acquisition

Oil and Gas 360


Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals,” “Brigham,” or the “Company”), today announced it has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests

Source: Reuters

Global miners must overcome labour shortages, inflation pain to meet targets

Nasdaq


Global mining companies must overcome COVID-related labour shortages and soaring production costs if they are to meet annual production targets, analysts said after downbeat quarterly reports.

London-listed Anglo American AAL.L and Antofagasta ANTO.L are among those to have either …

Source: Bloomberg

Biden poised to use cold-war powers to boost battery metals

Bloomberg


President Joe Biden is poised to invoke as soon as this week Cold War powers to encourage domestic production of critical minerals for electric-vehicle and other types of batteries, according to people familiar with the matter.

The White House …

Desert Peak Minerals and Falcon Minerals Corporation to combine in $1.9 billion all-stock merger, creating a premier, shareholder returns-driven mineral and royalty consolidation company

Desert Peak Minerals and Falcon Minerals Corporation to combine in $1.9 billion all-stock merger, creating a premier, shareholder returns-driven mineral and royalty consolidation company

Oil and Gas 360


Combined Company will own over 139,000 Net Royalty Acres, normalized to a 1/8th royalty equivalent, over 105,000 of which are located in the Permian Basin. Projected to produce approximately 13,500 – 14,500 barrels of oil

Source: Reuters

U.S. miners decry mineral royalty plan floated in Congress

Nasdaq


U.S. mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric …

Fort Worth oil and gas firm backs new blank check company

Fort Worth oil and gas firm backs new blank check company

Dallas Business Journal


A Fort Worth-based oil and gas mineral and royalty company announced it formed subsidiary Kimbell Tiger Acquisition Corporation, a new SPAC, to take an energy business public. The newly incorporated special purpose acquisition company will look to …

Source: Reuters

Energy transition metals poised for uneven, explosive run higher

Reuters


LONDON/HANOI – Buoyed by powerful demand expectations as the world moves away from reliance on fossil fuels, prices of many industrial metals rocketed, but future price rises are likely to be limited to a select few energy transition ingredients.…

Source: Reuters

Cenovus sells Marten Hills royalty interest for more than $100 million

 

Calgary, Alberta (May 18, 2021) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has sold its gross overriding royalty (GORR) in the Marten Hills area of Alberta to Topaz Energy Corp. for gross cash proceeds of $102 million. The …

Kimbell Royalty Partners declares first quarter 2021 distribution

Kimbell Royalty Partners declares first quarter 2021 distribution

Kimbell Royalty Partners Declares First Quarter 2021 Distribution PR Newswire …