Post Tagged with: "royalties"

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

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

Alberta Royalty Rates will Remain Largely Unchanged Except for One Change…

Alberta Royalty Rates will Remain Largely Unchanged Except for One Change…

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. …

Clinton Promises to Raise Oil & Gas Royalties on Federal Lands

Clinton Promises to Raise Oil & Gas Royalties on Federal Lands

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 …

A rig site in North Dakota

Virginia Pays Record $4.49 Million in Gas Royalties to Land Owners

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 …

January 12, 2016 - 6:48 pm Closing Bell Story‎, Oil and Gas 360 Articles
Canadian Natural Resources and PrairieSky Form the Largest Royalty Position in Canada

Canadian Natural Resources and PrairieSky Form the Largest Royalty Position in Canada

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 …

New Leadership in Alberta Raising Taxes, Targeting Royalties in the Summer

New Leadership in Alberta Raising Taxes, Targeting Royalties in the Summer

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 …

June 16, 2015 - 3:45 pm Canada, Oil and Gas 360 Articles, Politics & Opinions
DOI Looks to Raise Royalties

DOI Looks to Raise Royalties

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 …

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

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 …

Shale Boom Benefits Keep Piling Up

Shale Boom Benefits Keep Piling Up

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% …

September 17, 2014 - 7:09 pm Fracing, Midstream, Oil and Gas 360 Articles

Colorado Updates its Oil and Gas Royalty Process, Could Reduce Admin Costs for Operators

The Colorado Board of Land Commissioners, or State Land Board, has changed its accounting system and methodology for reporting oil and gas royalties. The new royalty reporting guidelines went into effect on July 1, and all payers are expected to …

July 18, 2014 - 5:14 pm Oil and Gas 360 Articles

Anadarko Earned $600 Million in Oil & Gas Royalties in 2013 – Half from Wattenberg Horizontal Wells

Anadarko Petroleum (ticker: APC) realized royalty revenues in 2013 of approximately $675 million from oil and natural gas and mineral interests and is on pace to eclipse this total in 2014, the company said in a fact sheet released today.…

July 15, 2014 - 6:03 pm Oil and Gas 360 Articles