from which the overriding royalty interests were carved. The net overriding royalties above are collectively referred to as the “Royalties.” The properties and interests from which the Royalties were carved and which the Royalties now burden are collectively referred to as the “Underlying Properties...
Texas Oil and Gas Association said last week that in addition to producing a record amount of state and local taxes and state royalties in fiscal year 2024, the U.S. leads the world in emissions reductions. With Texas out front, emissions dropped between 2015 and 2022 by 42 percent in key...
The Permian Basin’s energy industry contributed nearly $7 billion in tax revenues and royalties, up to 550,000 direct and in-direct jobs and $91 billion toward local and state GDP in 2019, the PSP outlined in its latest report. From 2015 to 2019, individual average wages in the Permian...
The future of tight oil output in the US will depend in large part on future development of Permian Basin resources in Texas and New Mexico. I have developed nine scenarios for future Permian basin tight oil output based on 3 levels of technically recoverable resources (TRR) and 3 different ...
For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties. January 14, 2025 Langford Enters Midland Basin with Murchison Oil and Gas Deal Langford Energy Partners closed on an ac...
Occidental’s U.S. business is focused in the Permian Basin of West Texas and Southeast New Mexico, one of the largest and most active oil basins in the United States, accounting for approximately 16 percent of the total U.S. oil production, said Clint Williamson, manager of communications ...
Thesubtextbehind ital l isthatatightfocusonwel lcosts isnecessarytomaketightoi lworklong-term in the Permian Basin. “Right now in these resource plays it’s all being driven by execution–getting your costsdown,”noted Richard Little,vice presidentforthe southern division of EPEnergy. ...
Texas immigration policies could have major economic consequences, experts say Immigration policy continues to be a highly debated issue across the U.S. and in West Texas, where federal enforcement measures are causing concern among undocumented communities. Local MISD expands robotics program to ...
This summer, after months spent working its way out from under crippling debt, Ring Energy Inc. emerged as the buyer of Stronghold Energy II Royalties LP’s assets in the Permian’s Central Basin Platform. The $465 million deal, layered with cash, stock and contingency payme...
OneEnergy Partners II Holdings LLC acquired Midland, Texas-based Trainer Partners Ltd., which OneEnergy COO Ahmad Salman described as “one of the last family-run oil and gas companies in the Permian Basin.” As of the end of 2021, Trainer Partners owned one of the last ind...