A paid up oil and gas lease is a common lease structure where the lessee (the company leasing the minerals) pays the consideration for the lease up front, rather than making annual “delay rental” payments during the primary term. The structure can simplify administration and reduce missed-payment issues, but it also changes the timing of […]
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of 2021. By 2023, the rate of gas flaring could increase substantially. Starting next year, drilling activity begins to resume in the Permian, assuming WTI stays […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
Spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy, a data update from the Energy Policy Tracker has revealed. Across the group, since the start of the pandemic, governments had pledged at least $160.95 billion in fossil fuel investments, versus $123.75 billion in renewable energy […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
There was a recommendation of the OPEC+ JMMC to ease the oil output cuts by 2 million bbl/d. With that, oil markets maintained their bullish sentiment over the past week. This is as Brent was trading above $43 while WTI was trading above $40. A surge in COVID-19 cases in several counties including the US, […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
In the first major U.S. oil deal since the pandemic hit the industry. Supermajor Chevron announced on Monday that lit had entered into a definitive agreement. It is to buy Houston-based Noble Energy in an all-stock transaction valued at US$5 billion. Under the terms of the deal, Noble Energy shareholders will receive 0.1191 shares of […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
