A recent lawsuit brought by the Osage Tribe of Oklahoma pitted wind leases against the rights of mineral owners. After years of litigation, the federal courts ruled that the wind farm must be dismantled because it interferes with the mineral rights of the tribe. Unlike many tribes, the minerals are held by the tribe and even in Oklahoma,… Read More »
The following excerpt from a mineral deed in Custer County, Oklahoma shows you how to calculate the actual price per acre that a mineral deed is conveying. Note also that commonly, the prices will be something from about 3 to 5 times the offer to lease. Caveat – leases usually offer lower per acre pricing if higher royalty… Read More »
Two thought processes here is Trump knows that low energy costs (from all sources) is a boost to the economy. He has no incentive to make the oil business highly profitable. But Trump also has the incentive to not see that the oil industry thrives. High prices are only one side of the equation. Lowering costs is the… Read More »
The big boogieman is Roundup® – the classic name for the generic glyphosate. It is a widely used herbicide. Without such herbicides crop production would be severely curtailed. However, the EPA and others repeatedly have tested glyphosate and found it to be safe. Glyphosate deteriorates rapidly especially in soil and has a half life that is often… Read More »
The EPA is corrupt. It needs a complete revamping. The Biden administration is a major source of this corruption, and the top employees need to be removed, and frankly, prosecuted. From Oilprice website Back in December, Project Veritas filmed an EPA official who said that the agency was in a rush to distribute billions of dollars to climate… Read More »
Antimony is not commercially mined in the US and China is pressuring us as a supplier. This is a critical mineral in the production of arms for military use around the world. A New Resource War Is Looming as America Runs Out of Ammo | OilPrice.com You see, Western powers have embarked on a $100 billion spending spree… Read More »
Today is classic pseudo science. USA Today headlines blare out “Vast deposit of ‘white gold’ in Arkansas could be stunningly valuable”. Nothing so idiotic as a cub reporter with zero knowledge in an industry. https://www.usatoday.com/story/news/nation/2024/10/23/lithium-deposit-under-arkansas-could-fix-global-ev-battery-problem/75808246007/ Arkansas may be home to a vast resource that could reshape the world’s energy needs: a valuable battery component called lithium that’s been… Read More »
Department of Energy and Environment will oversea a hearing with an administrative judge over royalty payments to the Lithium mineral owners in October. The O & G Comm. will then meet Nov. 4-5 to decide. from https://www.arkansasonline.com/news/2024/oct/02/prehearing-regarding-lithium-royalties/ “An Arkansas Oil and Gas Commission spokesperson confirmed Wednesday the prehearing for the lithium royalties application, where applicants and objectors to… Read More »
This is what Kamala wants to do…God help us all. •Higher taxes to make “corporations and the wealthiest Americans pay their fair share.” Without defining “fair,” she endorses the $5 trillion in tax hikes in Mr. Biden’s budget, including a 25% tax on the unrealized capital gains on top earners. As far as we can tell, she differs… Read More »
Lithium producers are arguing that they cannot afford high royalties (like the normal 12.5% paid oil and gas) and want lithium royalties to be limited to 2% or less. Or, use the lease system to pay royalty like the bromine producers do. They pay a flat per acre charge of around $60/acre per year. That metric was set… Read More »