Oil and gas law

Canacol Energy Ltd. Provides 2021 Capital and Gas Sales Guidance

Retrieved on: 
Thursday, December 17, 2020
Oil and gas law, Electric power distribution, Firm service, Pipeline transport, Take-or-pay contract, Articles, Business

The corporation's best estimate is that there will be interruptible gas sales demand, and has made allowances for reduced interruptible gas demand and sales due to the ongoing COVID-19 pandemic inherent in its 2021 high end guidance of 190 MMscfpd, including contractual downtime.

Key Points: 
  • The corporation's best estimate is that there will be interruptible gas sales demand, and has made allowances for reduced interruptible gas demand and sales due to the ongoing COVID-19 pandemic inherent in its 2021 high end guidance of 190 MMscfpd, including contractual downtime.
  • At the high end of the guidance range, approximately 80% of the total anticipated gas sales will be take-or-pay, with the remaining 20% being interruptible spot sales.
  • However, given aggressive future production expectations, the Corporations intention is to both actively acquire seismic and drill during 2021.
  • Realized contractual gas sales is defined as gas produced and sold plus gas revenues received from nominated take or pay contracts.

Superior Drilling Products, Inc. Executes Sale-Leaseback Transaction for $4.5 million

Retrieved on: 
Thursday, November 12, 2020
Energy, Natural Resources, Mining, Minerals, Oil, Gas, 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, Drilling, Well drilling, Economy of the United States, Economy, Articles

The transaction is subject to customary due diligence and the Company expects it to close before year end.

Key Points: 
  • The transaction is subject to customary due diligence and the Company expects it to close before year end.
  • Under the terms of the transaction, SDP will sell its facilities for $4.5 million and simultaneously enter into a 15-year lease.
  • After fees, the Company is expected to net approximately $4.2 million in proceeds of which $2.5 million will be used to repay its outstanding mortgage.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.

Dorchester Minerals, L.P. Announces Third Quarter Results

Retrieved on: 
Thursday, November 5, 2020
Expense, Oil and gas law, Articles, Business law, Energy in the United States, Oil and gas law in the United States, Property law in the United States, United States contract law, Royalty payment, Partnership, Depletion, U.S. Securities and Exchange Commission

The Partnerships cash distributions are not comparable to its net earnings due to timing and other differences including depletion.

Key Points: 
  • The Partnerships cash distributions are not comparable to its net earnings due to timing and other differences including depletion.
  • Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 27 states.
  • Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected.
  • These and other factors are set forth in the Partnership's filings with the Securities and Exchange Commission.

Kimbell Royalty Partners to Participate in the Credit Suisse Oil & Gas Royalty Mineral Investor Day

Retrieved on: 
Monday, September 14, 2020
Geology of the United States, Oil and gas law, Kimbell, Expense, Geology of Texas, Oil and gas law in the United States, Energy in the United States, Fort Worth, Texas, Permian Basin, Royalty payment, Permian Basin Royalty Trust, Royalty trust

FORT WORTH,Texas, Sept. 14, 2020 /PRNewswire/ --Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced that it plans to participate in the Credit Suisse Oil & Gas Royalty Mineral Investor Day, a virtual event on Wednesday, September 16, 2020.

Key Points: 
  • FORT WORTH,Texas, Sept. 14, 2020 /PRNewswire/ --Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced that it plans to participate in the Credit Suisse Oil & Gas Royalty Mineral Investor Day, a virtual event on Wednesday, September 16, 2020.
  • 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 96,000 gross wells with over 40,000 wells in the Permian Basin.
  • To learn more, visit http://www.kimbellrp.com .

Revere Resources Announces Launch of RevereNet

Retrieved on: 
Thursday, September 10, 2020
Technology, Construction & Property, Finance, Professional services, Mining, Minerals, Other Construction & Property, Data management, Natural Resources, Residential Building & Real Estate, Mineral rights, Oil and gas law, Property law, Mining, Articles

Revere Resources was founded on the values of fairness and transparency in a traditionally unclear and ever-changing market and industry.

Key Points: 
  • Revere Resources was founded on the values of fairness and transparency in a traditionally unclear and ever-changing market and industry.
  • RevereNet is a free and industry-first tool available to mineral rights owners that provides complete insight into their mineral rights portfolios.
  • Driven by personal experiences of predatory tactics to sell long-time family mineral rights, Revere Resources is guided by one question: "How would you sell your grandma's mineral rights?"
  • Revere Resources aims to have completed databases for Atascosa, McMullen and La Salle counties available by 2021.

Dorchester Minerals, L.P. Announces Second Quarter Results

Retrieved on: 
Thursday, August 6, 2020
Expense, Oil and gas law, Energy in the United States, Oil and gas law in the United States, Property law in the United States, United States contract law, Royalty payment, Net income, Depletion, Profit, Economy, Property law

The Partnership previously declared its second quarter distribution in the amount of $0.226318 per common unit payable on August 13, 2020 to common unit holders of record as of August 3, 2020.

Key Points: 
  • The Partnership previously declared its second quarter distribution in the amount of $0.226318 per common unit payable on August 13, 2020 to common unit holders of record as of August 3, 2020.
  • The Partnerships cash distributions are not comparable to its net earnings due to timing and other differences including depletion.
  • Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located in 27 states.
  • Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected.

Chesapeake Granite Wash Trust Announces Distribution Of $0.0053 Per Common Unit

Retrieved on: 
Wednesday, August 5, 2020
Geology of the United States, Environment of the United States, Oil and gas law, Chesapeake, Geography of the United States, Granite Wash, Washita, Anadarko Basin, Oil and gas law in the United States, Trust law, Royalty payment

The Trust was formed by Chesapeake in June 2011 and owns royalty interests in certain oil and natural gas properties in the Colony Granite Wash play in Washita County, Oklahoma.

Key Points: 
  • The Trust was formed by Chesapeake in June 2011 and owns royalty interests in certain oil and natural gas properties in the Colony Granite Wash play in Washita County, Oklahoma.
  • The Trust is entitled to receive proceeds from the sale of production attributable to the royalty interests.
  • ABOUT CHESAPEAKE GRANITE WASH TRUST:
    Chesapeake Granite Wash Trust (OTC Pink:CHKR) is a Delaware statutory trust formed by Chesapeake to own certain royalty interests in oil, natural gas liquids and natural gas wells in Washita County, Oklahoma producing from the Colony Granite Wash play within the broader Granite Wash formation of the Anadarko Basin.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this news release.

PANHANDLE OIL AND GAS INC. To Announce Fiscal 2020 Third Quarter Results And Host Earnings Call On Aug. 13, 2020

Retrieved on: 
Wednesday, July 29, 2020
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, OKLAHOMA, Economy of the United States, United States

OKLAHOMA CITY, July 29, 2020 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) today announced it will release results for its fiscal 2020 third quarter ended June 30, 2020, on Thursday, Aug.13, 2020, following the close of trading on the New York Stock Exchange.

Key Points: 
  • OKLAHOMA CITY, July 29, 2020 /PRNewswire/ -- PANHANDLE OIL AND GAS INC. (NYSE: PHX) today announced it will release results for its fiscal 2020 third quarter ended June 30, 2020, on Thursday, Aug.13, 2020, following the close of trading on the New York Stock Exchange.
  • Additionally, the Company will host a conference call to discuss the results at 5:00 p.m. EDT on Aug. 13, 2020.
  • Panhandle Oil and Gas Inc. (NYSE: PHX)Oklahoma City-based, Panhandle Oil and Gas Inc. is an oil and natural gas mineral company with a strategy to proactively pursue the acquisition of additional minerals in our core areas of focus.
  • Panhandle owns approximately 258,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico and Arkansas.

Mesa Royalty Trust Announces There Will Be No Distribution for July 2020

Retrieved on: 
Tuesday, July 21, 2020
Oil, Gas, Energy, Oil and gas law, Law, Common law, Equity, Inheritance, Trust law, Royalty payment, Oil and gas law in the United States, Property law, Private 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.

Black Stone Minerals, L.P. Announces Additional Shelby Trough Operational Update

Retrieved on: 
Thursday, June 11, 2020
Other Natural Resources, Other Energy, Mining, Minerals, Oil, Gas, Energy, Natural Resources, XTO Energy, Oil and gas law, DUC, Energy in the United States, Oil and gas law in the United States, Economy of the United States, Energy

Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone, BSM, or the Company) today announced it has entered into a new incentive agreement with XTO Energy Inc. (XTO) with respect to certain drilled but uncompleted wells (DUCs) in the Companys Shelby Trough acreage in San Augustine County, Texas.

Key Points: 
  • Black Stone Minerals, L.P. (NYSE: BSM) (Black Stone, BSM, or the Company) today announced it has entered into a new incentive agreement with XTO Energy Inc. (XTO) with respect to certain drilled but uncompleted wells (DUCs) in the Companys Shelby Trough acreage in San Augustine County, Texas.
  • In addition to the agreement covering the DUCs, Black Stone is actively evaluating alternatives to encourage further development activity in the Shelby Trough in San Augustine through a combination of working with XTO and utilizing the Companys available acreage position and contractual rights to bring in a second operating partner.
  • Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States.
  • The Company owns mineral interests and royalty interests in 41 states in the continental United States.