West Virginia’s natural gas industry is “anxiously awaiting” Republican Gov. Jim Justice’s signature on co-tenancy legislation that would modernize the mineral law and better accommodate unconventional development in the state.
Articles from Mineral
Drillinginfo, a software-as-a-service, or SaaS analytics provider for the oil and gas industry, is allying with software platform provider MineralSoft to expand mineral rights management offerings. The joint venture would allow the Austin, TX-based companies to analyze for mineral owners in real time computer mapping, royalties, revenue, expense, volume data and investment performance. No financial details were disclosed. Drillinginfo in 2016 acquired GlobalView Software and its flagship product MarketView, which allows prices to be monitored while trading. It also in 2016 bought production forecasting assets from Ponderosa Energy, a division of Ponderosa Advisors LLC. In January Drillinginfo also launched a suite of oilfield services software to improve real-time interaction between rig and permit reports.
Parsley Energy Inc. has added more seasonings to its Permian Basin holdings in West Texas, agreeing Monday to pay almost $290 million for mineral rights and acreage in Pecos and Reeves counties.
The North Dakota Supreme Court heard oral arguments last Thursday for a case of a mineral owner suing a Bakken producer for payment of royalties for flared natural gas volumes. It has the potential to spur other future action by royalty owners in the state.
Two controversial proposals for the robust Bakken oil patch in North Dakota came to an end Monday with more of a whimper than a bang, according to the three-member Industrial Commission.
Cargoes from and to the U.S. oil and gas patch are filling up a lot more rail cars than they were one year ago, according to data from the Association of American Railroads (AAR), continuing a trend of increasing rail crude oil movement that began in 2009.
The drilling rights to an estimated 13,000 acres in New York’s Southern Tier will be released and litigation dropped as part of a major settlement reached Monday by Chesapeake Energy Corp. and about 200 landowners.
West Virginia’s legal system continues to struggle with surface rights issues, with the state’s Supreme Court of Appeals finding recently that the term “surface” means just what it says and does not include underground resources.
Calgary-based Talisman Energy Inc. last year cut debt by $750 million, stabilized its balance sheet and is now focused on two core areas: the Americas and the Asia-Pacific region, said CEO Hal Kvisle.
Encore Energy Inc., acting in its capacity as lease advisor to mineral rights owners in eastern Ohio’s portion of the Utica Shale, announced Wednesday that it was currently shopping multiple tracts of “add-on” acreage to operators in the play.