Oil and gas earnings: Crude price spike prompts analyst calls for ‘much stronger’ Q3
West Texas Intermediate (WTI) crude (CL=F) prices averaged US$82.10 for the three months ended Sept. 30.
Entries by Ranger Land and Minerals
Leasing oil and gas in California: State-specific considerations
Unlock the complexities of leasing oil and gas rights in California. Explore state-specific factors, regulatory challenges, and environmental considerations.
How to calculate oil and gas royalty payments
Learn how to calculate oil and gas royalty payments – a crucial guide for landowners and investors. Understand methods, factors, and key considerations.
The taxation of overriding royalty interests: What you need to know
The taxation of ORIs hinges on whether the income generated is classified as ordinary income or capital gains. It a complex subject that requires careful consideration.
Oil and Gas Prices are Climbing Again as Supply Risks Multiply
Global energy prices are finishing the week the way they started. It is shooting higher as a cocktail of risks to supply has put investors on edge. Yes! The oil and gas prices are climbing again. The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 […]
Royalty-free lease terms Offered by Alaska to try to stimulate new Cook Inlet natural gas development
To try to entice investment in new natural gas development in Southcentral Alaska’s Cook Inlet basin, state officials are trying something new: a waiver of royalties in the upcoming annual lease sale. Have you heard about Royalty-free lease terms before? The Alaska Division of Oil and Gas last week announced five upcoming lease sales that include the […]
U.S. crude oil inventories increase by 10.2 million barrels
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 10.2 million barrels. It is from the previous week. At 424.2 million barrels, U.S. crude oil inventories are about 3% below the five-year average for this time of year. This is according to the EIA crude oil and petroleum weekly storage […]
Oil and gas investment to top $818 billion in 2023 as energy crisis powers record spending
Following the energy crisis that affected most global energy markets last year, and the commodity-related fallout from Russia’s invasion of Ukraine, oil and gas industry players are eyeing a new bullish outlook for energy prices, with sector investment following suit. In BloombergNEF’s “base-case” scenario, which considers the current state of play, money flowing into oil […]
Oil prices jump more than 4% in the wake of Hamas attack on Israel
Oil prices jump with more than 4% on Monday as the Israel-Hamas conflict extended into its third day following a surprise attack on Israel by Palestinian militants Hamas. Global benchmark Brent settled 4.2% higher at $88.15 a barrel, while the U.S. West Texas Intermediate gained 4.3% to $86.38 per barrel. At dawn on Saturday during a major […]
Middle East Gas Giants Look To Capitalize On Booming Demand
Global gas, specifically the Middle East gast giants, demand is projected to rise in the next decade. This is influencing a 12.5% surge in production between 2023 and 2030. However, Rystad Energy forecasts that even in scenarios of 1.9 and 2.5 degrees Celsius warming. This is with the rapid growth in renewable energy sources. The […]
