Oil and gas law in the United States

Permianville Royalty Trust Announces Monthly Operational Update

Retrieved on: 
Friday, July 16, 2021

The remaining administrative advances for the prior months will be repaid with any net profits in next months net profits interest calculation.

Key Points: 
  • The remaining administrative advances for the prior months will be repaid with any net profits in next months net profits interest calculation.
  • Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico.
  • In addition, future monthly capital expenditures may exceed the average levels experienced in 2020 and prior periods.
  • Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release.

Kimbell Royalty Partners Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Thursday, July 1, 2021

FORT WORTH,Texas, July 1, 2021 /PRNewswire/ --Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its second quarter 2021 financial results on Thursday, August 5, 2021, before the market opens.

Key Points: 
  • FORT WORTH,Texas, July 1, 2021 /PRNewswire/ --Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its second quarter 2021 financial results on Thursday, August 5, 2021, before the market opens.
  • In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern).
  • A replay will be available through August 12th by dialing 201-612-7415 and using the conference ID: 13720589#.
  • Kimbell (NYSE: KRP) is a leading oil and natural gas mineral and royalty company based in Fort Worth, Texas.

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

Retrieved on: 
Wednesday, June 23, 2021

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."

Permianville Royalty Trust Announces Monthly Operational Update

Retrieved on: 
Friday, June 18, 2021

Total accrued operating expenses for the period were $2.0 million, a $0.1 million decrease month-over-month from the prior period.

Key Points: 
  • Total accrued operating expenses for the period were $2.0 million, a $0.1 million decrease month-over-month from the prior period.
  • Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico.
  • In addition, future monthly capital expenditures may exceed the average levels experienced in 2020 and prior periods.
  • Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release.

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

Retrieved on: 
Tuesday, June 8, 2021

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.

MDM Permian, Inc. - Permian Basin Field Update

Retrieved on: 
Thursday, May 13, 2021

b'Carrollton, Texas--(Newsfile Corp. - May 13, 2021) - MDM Permian Inc. (OTC Pink: MDMP) provides updated information from its field activities in the Permian Basin of Texas on the Lindley 6103 lease, Lindley A lease, and the Oglesby 1-A lease.

Key Points: 
  • b'Carrollton, Texas--(Newsfile Corp. - May 13, 2021) - MDM Permian Inc. (OTC Pink: MDMP) provides updated information from its field activities in the Permian Basin of Texas on the Lindley 6103 lease, Lindley A lease, and the Oglesby 1-A lease.
  • MDM Permian, Inc. owns all other lease rights.\nThe wells on this lease have been fully evaluated by NuTech Energy Alliance.
  • MDM Permian, Inc. owns this well and lease 100% and has no investor partners.\nBased in Carrolton, Texas, MDM Permian, Inc. is a publicly traded energy company with interests in oil and natural gas wells, mineral prospects.
  • The Company\'s business plan includes building value through reserves and production in the Permian Basin of Texas.

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

Retrieved on: 
Thursday, May 6, 2021

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.

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

Retrieved on: 
Tuesday, April 20, 2021

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"

Kimbell Royalty Partners Announces Timing of First Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Wednesday, March 24, 2021

FORT WORTH,Texas, March 24, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its first quarter 2021 financial results on Thursday, May 6, 2021, before the market opens.

Key Points: 
  • FORT WORTH,Texas, March 24, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and natural gas mineral and royalty interests in more than 97,000 gross wells across 28 states, today announced that it will release its first quarter 2021 financial results on Thursday, May 6, 2021, before the market opens.
  • In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern).
  • Additionally, Kimbell today announced its participation in the UBS Global Oil and Gas Virtual Conference on Friday, March 26, 2021, and the World Oilman's Mineral and Royalty Conference on Monday and Tuesday, April 19-20, 2021.
  • Kimbell (NYSE: KRP) is a leading oil and natural gas mineral and royalty company based in Fort Worth, Texas.

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

Retrieved on: 
Friday, March 19, 2021

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.