A net profits interest is an agreement that provides apayoutof an operation's net profits to the parties of the agreement. It is a non-operating interest that may be created when the owner of a property, typically an oil and gas property, leases it out to another party for development a...
A related concept to net acres is net royalty acres, which represents the royalty interest of a holder in an oil and gas lease. Quite often oil companies lease land, instead of purchasing it, from residents. In such cases, landowners are entitled to a royalty percentage of the revenue deriv...
such as oil, natural gas and precious metals. These rights don't always come with the deed to the house, however, so knowing who owns the mineral rights can be an important part of the homebuying process — especially in states known for mining or drilling. ...
Understand what a lease buyout is, how to use this option, and when it makes sense to buy out a lease for your vehicle so you can use this option skillfully.
The airport already has collected initial bonus in October 2006 from Chesapeake Energy Corp., which entered into a long-term oil-and-gas lease agreement with DFW. It is also working on a commercial development to boost non-aviation revenue....
The average annual change from 2021 to 2050 in consumption of petroleum and other liquids and natural gas is expected to be 0.4% each. Production of crude oil and lease condensate will increase 0.5% annually, while natural gas plant liquids and dry natural gas production will grow 0.9% and ...
For example, in China's energy sector, the total length of oil and gas pipelines is expected to exceed 160,000 km, making it difficult to continue using conventional manual inspection. As such, drone inspection will become a new security assurance method. Unmanned Aerial Vehicles (UAVs) need ...
Purchasing and using accounting software for your business is another tax deductible expense! Self-employed individuals and business owners that use QuickBooks to manage their bookkeeping and other business responsibilities can deduct the software cost on their taxes as it directly helps them run their...
For example, in China's energy sector, the total length of oil and gas pipelines is expected to exceed 160,000 km, making it difficult to continue using conventional manual inspection. As such, drone inspection will become a new security assurance method. Unmanned Aerial Vehicles (UAVs) need ...
What is the purpose of a LACT unit, and how does it work? A Lease Automatic Custody Transfer unit is a piece of equipment used in the oil and gas industry to sample and measure oil for transfer from one company to another. In this article, the experts at DXP will describe how a LACT...