John Brown, IT Lead for Business Applications at Northwestern Energy added, ‘We have been using Excalibur for ten years to compute royalties and lease rentals. To stay current and simplify our internal processes we are now using the Excalibur Online service. We expect this to save costs on f...
Africa Energy is part of the Lundin Group of Companies.Africa Oil Corp. (TSX:AOI.TO) is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana....
Insurance companies won’t voluntarily adopt the per-mile basis because any firm that did would bear all the costs of doing so, but its competitors would reap most of the benefits. Therefore, public policy measures requiring all insurance companies to offer per-mile insurance (at least as a c...
I know in Alberta there have been oil companies that have gone bankrupt in recent years, leaving their orphaned wells abandoned which have apparently caused health issues for land owners. Don't get me wrong, if I owned land and could make good money by allowing oil companies to drill on ...
And then, really equally important is helping oil and gas companies shift their exploration and especially their extraction so that even when they are producing a barrel of oil it is a more climate-friendly barrel. It is cleaner oil, the process itself it isn’t giving off the methane that...
The US oil rig count over just the last six weeks is down over 45% and continues to decline as every shale producer, including major oil companies, cut back on drilling. Exxon (400K), Chevron (200k), and ConocoPhillips (260K) alone are cutting back production by hundreds of thousands ...
it will be due to geology as much as due to a lack of lease sales. It’s a question to me of how many substantial prospects are there out there that industry has missed. The Gulf of Mexico has had annual area-wide lease sales for most of the years going back to 1983. (Before 198...
The lease usually has a provision that same is in effect for a period of time, “and as long thereafter as oil or gas is produced.”. The lessee, being the oil producer, cannot shut the wells down for an indefinite period of time, otherwise the lessor may file suit to cancel the ...
So, if I sell $100k of oil from the lease, I can take a $15k percentage depletion deduction. However, I can only take percentage depletion on the first 1,000 BOEPD I produce, so the deduction is targeted to small producers. I cannot take both cost and percentage depletion on the ...
U.S. gas prices have hit theirhighest level everfor springtime, at $3.96 a gallon for regular on average. Yep, higher even than the record surge in 2008, as oil companies reap near-record profits. So what does that have to do with the price of silver?