What is your guiding principle when writing agreements?
Royalties
Royalty Clauses For The Lessor – This Battle Is Over
By Charles Sartain | Gray Reed & McGraw, P.C.Sign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Senate Energy and Natural Resources Committee Leadership Change
By Jared Anderson
Louisiana Democrat Mary Landrieu took over as head of the influential Senate Energy Committee yesterday, as outgoing Chairman Ron Wyden took the lead role at the Senate Finance Committee, which was vacated when Max Baucus was confirmed ambassador to China. “Landrieu confirmed that her signature bill to expand the amount of federal offshore oil-and-gas royalty… Keep reading →
Governments of resource-rich countries commonly fill their coffers via royalties, taxes and other fiscal mechanisms that allow them to benefit from their national endowments. But while a well-designed fiscal regime can benefit both producers and residents, excessive government take can force producers to look elsewhere for returns, stifling investment. When governments establish fiscal terms for… Keep reading →
A broad swath of energy industry insiders will be converging on Anchorage for the USAEE North American conference next month, giving the state’s governor an ideal forum to lay out his plans to extract and market the state’s massive gas resources. But geologic features of some of Alaska’s most well-known fields may mean that the… Keep reading →
For Pennsylvanians with natural gas wells on their land, chances are they won’t know if a safety violation occurs on their property. That’s because the state agency charged with regulating the wells — the Department of Environmental Protection (DEP) — does not have to notify landowners if a violation is discovered. Even if landowners inquire about safety violations, DEP records are often too technical for the average person and incomplete. While some landowners would like more transparency around safety issues, as a group they are not pushing for stronger regulations. Landowners, who are paid royalties by the companies that drill on their property, generally want the drilling to proceed.
