Oil and gas law

Texas Pacific Land Corporation Sets Dates for Second Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Tuesday, July 20, 2021
Energy, Other Construction & Property, Construction & Property, Other Energy, Utilities, Texas Pacific Land Corporation, Oil and gas law, Petroleum geology, Economy of the United States, Petroleum, Companies

Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release second quarter 2021 financial results after the market closes on Thursday, August 5, 2021. A conference call will be held on Friday, August 6, 2021 at 8:30 a.m. Eastern Time.

Key Points: 
  • The playback can be accessed through August 20, 2021.
  • Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin.
  • The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land.
  • The Company also generates revenue from pipeline, power line and utility easements, commercial leases, and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

Permex Petroleum Announces Additional Oil and Natural Gas Royalty Acquisitions in Texas

Retrieved on: 
Wednesday, June 23, 2021
Oil and gas law, Expense, Intellectual property law, Patent law, Royalty payment, Oil and gas law in the United States, Property law, Energy in the United States, Economy of the United States

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), announced today that it has closed on multiple non-operated royalty interest ("RI") acquisitions in 29 oil and gas wells located in the Permian Basin of west Texas, all of which have established long-term production.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCF) ("Permex" or the "Company"), announced today that it has closed on multiple non-operated royalty interest ("RI") acquisitions in 29 oil and gas wells located in the Permian Basin of west Texas, all of which have established long-term production.
  • The recently acquired oil and gas royalty interest properties are located in Howard, Martin, Midland and Reeves counties.
  • "Our strategic business shift to have continuously acquired royalty interest ownership in oil and natural gas properties during the downturn has positioned us for exceptional returns on these investments.
  • We continue to monitor the market for additional non-operating working interest and royalty interest acquisitions and partnerships."

Ohio's H.B. No. 152 Sponsors Amend Forced-Pooling Bill, But Gateway Royalty Says Not Enough

Retrieved on: 
Monday, June 14, 2021
Expense, Intellectual property law, Patent law, Royalty payment, Oil and Gas (Enterprise) Act, Oil and gas law, Property law

Facing public outrage over forcing out-sized costs on mineral owners, oil and gas producers have backed away from the bill, and Ohio's sponsors of H.B.

Key Points: 
  • Facing public outrage over forcing out-sized costs on mineral owners, oil and gas producers have backed away from the bill, and Ohio's sponsors of H.B.
  • 152 have put forward a substitute bill that requires the royalties to be paid on the gross proceeds of the sale of the oil and gas.
  • According to Oldham, "this one sentence royalty provision prevents operators from taking costs through affiliate sales and market enhancement clauses."
  • The royalty percentage for forced-pooled mineral owners should be the average in the leases of the other mineral owners in the unit.

Kimbell Royalty Partners to Participate in the Stifel 2021 Virtual Cross Sector Insight Conference

Retrieved on: 
Tuesday, June 8, 2021
Oil and gas law, Kimbell, Oil and gas law in the United States, Fort Worth, Texas, Economy of the United States, Energy, Economies

FORT WORTH,Texas, June 8, 2021 /PRNewswire/ --Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference.

Key Points: 
  • FORT WORTH,Texas, June 8, 2021 /PRNewswire/ --Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced its participation in the Stifel 2021 Virtual Cross Sector Insight Conference.
  • Management will be hosting virtual one-on-one meetings on Wednesday, June 9, 2021.
  • Kimbell (NYSE: KRP) is a leading oil and natural gas mineral and royalty company based in Fort Worth, Texas.
  • Kimbell owns mineral and royalty interests in over 13 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 97,000 gross wells with over 41,000 wells in the Permian Basin.

Pacific Booker Minerals Inc. Announces Lease Decision Received

Retrieved on: 
Tuesday, May 25, 2021
Oil and gas law, Mineral rights, Property law, eMail, Mineral, Usenet newsgroup, Articles, Natural Resources, Computing

Vancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Pacific Booker Minerals Inc. (TSXV: BKM) (OTC Pink: PBMLF) received the decision from the Chief Gold Commissioner.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Pacific Booker Minerals Inc. (TSXV: BKM) (OTC Pink: PBMLF) received the decision from the Chief Gold Commissioner.
  • He also decided to allow PBM to retain the mineral rights over the formerly occupied lease area.
  • The Company registered a new mineral tenure on the area of the lease and it is in good standing until May 2022.
  • If you would like to be added to or removed from our email newsgroup, please send your request by email to [email protected] .

Judge Rules South Dakota Can't Shirk Sinkhole Liability Lawsuit

Retrieved on: 
Friday, May 21, 2021
Minerals, Earth sciences, Oil and gas law, Property law, KARST, Sinkhole, Mineral rights, Gypsum

"You can\'t make millions off mining and retain the ownership of the subsurface estate, but then say you\'re not responsible for the damage caused to homes on the surface.

Key Points: 
  • "You can\'t make millions off mining and retain the ownership of the subsurface estate, but then say you\'re not responsible for the damage caused to homes on the surface.
  • "\nFor generations, the state operated gypsum mines throughout the region and still owns the subsurface mineral rights.
  • "\nThe large sinkholes that opened in April 2020 forced some homeowners in Hideaway Hills to evacuate their homes.
  • v. State of South Dakota et al., No.

InPlay Oil Corp. Announces First Quarter 2021 Financial and Operating Results

Retrieved on: 
Thursday, May 6, 2021
Energy in the United States, Oil and gas law, Oil and gas law in the United States, Property law in the United States, United States contract law, Production, Economy of the United States, Economy, Energy

Management believes these measures are helpful supplementary measures of financial and operating performance and provide users with similar, but potentially not comparable, information that is commonly used by other oil and natural gas companies.

Key Points: 
  • Management believes these measures are helpful supplementary measures of financial and operating performance and provide users with similar, but potentially not comparable, information that is commonly used by other oil and natural gas companies.
  • Adjusted funds flow per boe is calculated by the Company as adjusted funds flow divided by production for the respective period.
  • Operating netback per boe is calculated by the Company as operating income divided by average production for the respective period.
  • Operating income profit margin is calculated by the Company as operating income as a percentage of oil and natural gas sales.

Texas Tech University Student Named Outstanding Graduate Among 68 Recipients for National Landman Scholarship

Retrieved on: 
Monday, May 3, 2021
Philanthropy, Oil, Gas, Mining, Minerals, Training, Energy, Other Education, Natural Resources, University, Fund Raising, Education, Foundation, Other Philanthropy, Landman, Oil and gas law, Petroleum production, AAPL, CPL, Rawls College of Business, Economic taxonomy, Industry economics), LST, AAPL, LST, AAPL

b'Ellarie Sutton of Rocklin, California, has been named the 2021 winner of the prestigious AAPL Outstanding Graduate among graduates from AAPL\xe2\x80\x99s accredited colleges or university programs who are pursuing a career as a landman and have demonstrated great leadership in their work, extracurricular activities and student landmen\xe2\x80\x99s association.

Key Points: 
  • b'Ellarie Sutton of Rocklin, California, has been named the 2021 winner of the prestigious AAPL Outstanding Graduate among graduates from AAPL\xe2\x80\x99s accredited colleges or university programs who are pursuing a career as a landman and have demonstrated great leadership in their work, extracurricular activities and student landmen\xe2\x80\x99s association.
  • Sutton is a graduating senior from Texas Tech University\xe2\x80\x99s Rawls College of Business Energy Commerce program.\nIn addition to the Outstanding Graduate Award, for the 2021-22 academic year, the Landman Scholarship Trust is granting over $297,500 in scholarship awards to 68 graduate and undergraduate students who are engaged in energy-related fields of study in university programs nationwide.\n\xe2\x80\x9cThis year\xe2\x80\x99s scholarship award recipients from AAPL\xe2\x80\x99s accredited programs represent very special attributes,\xe2\x80\x9d said Nancy McCaskell, CPL, chairman of the Landman Scholarship Trust.
  • \xe2\x80\x9cThey are the best and brightest, and they have persevered and excelled despite unprecedented obstacles before them.
  • We look forward to the impact each will make as future leaders in the land and energy profession.

Texas Pacific Land Corporation Sets Dates for First Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Friday, April 23, 2021
Other Energy, Environment, Other Construction & Property, Oil, Gas, Commercial Building & Real Estate, Energy, Construction & Property, Petroleum industry, Midstream, Oil storage, Petroleum transport, Articles, Energy, Oil and gas law

b'The playback can be accessed through May 21, 2021.\nTexas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas.

Key Points: 
  • b'The playback can be accessed through May 21, 2021.\nTexas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas.
  • The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land.
  • The Company also generates revenue from pipeline, power line and utility easements, commercial leases, material sales and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.\n'

Mesa Royalty Trust Announces There Will Be No Distribution for April 2021

Retrieved on: 
Tuesday, April 20, 2021
Oil, Gas, Energy, Oil and gas law, Law, Common law, Equity, Inheritance, Trust law, Royalty payment, Oil and gas law in the United States, Articles, Property law

Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.

Key Points: 
  • Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.
  • The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.\n"