sometimes there is a loophole for operators to make you share burden in "transportation" of the hydrocarbons. When in doubt, its highly recommended you seek competent legal counsel prior to signing or negotiating a lease. If you need an oil and gas royalty calculator, we have an.xls sheetav...
BLM's role in oil and gas measurement is to ensure that volumes and qualities are accurately measured and properly reported, as Federal and Indian royalty is derived from these measurements. BLM's measurement requirements are dictated by Federal laws, from which BLM develops regulations, Onshore ...
CGI was also awarded a two year, $14 million IT modernization contract by the Railroad Commission of Texas. Established in 1891, the RRC has been regulating onshore oil and gas in Texas for over ninety years. The CGI is to help the RRC optimize its regulatory and reporting activity with a...
In other words, you had some very talented oil and gas people (geophysicists and engineers) who were ask to research “weather patterns” to help the company make decisions about how to design facilities to extract oil and gas. That makes sense. What does not make sense is to call them ...
So with a 20% royalty (I have no idea what their nets are) they are getting back $16 before you take out the $8 LOE, $3 G&A, $2 gathering and $5 interest for a loss of $2 per barrel produced. All before you factor in the Drilling and Completion and acreage costs. shallow sand...
Nearly two dozen gas station owners in California sued Shell Oil Co., Chevron Corp. and Saudi Refining Inc., on Tuesday, claiming the companies conspired to fix prices for 23,000 franchise owners nationwide. The case filed in U.S. District Court in San Francisco seeks class-action status ...
BLM's role in oil and gas measurement is to ensure that volumes and qualities are accurately measured and properly reported, as Federal and Indian royalty is derived from these measurements. BLM's measurement requirements are dictated by Federal laws, from which BLM develops regulations, Onshore ...
Aker Solutions’ Matt Corbin concurred. Aker has created around 500 jobs at its Aberdeen subsea business, building components for Statoil’s Åsgard and BP Schiehallion revamp. Aker plans to bring in personnel from other industries and retrain them for oil and gas. Waites asked, ‘what if ...
BLM's role in oil and gas measurement is to ensure that volumes and qualities are accurately measured and properly reported, as Federal and Indian royalty is derived from these measurements. BLM's measurement requirements are dictated by Federal laws, from which BLM develops regulations, Onshore ...