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New state rule could clarify oil, gas royalties
14 hours ago ago from INDenverTimes
Energy industry and mineral owner representatives hope a new state rule will help improve transparency and reduce disputes on how oil and gas production is reported for royalty purposes. The rule, passed Nov. 30 by the Colorado Oil and Gas Conservation Commission, provides a process for people receiving royalties from oil and gas leases to seek clarification from companies about issues surrounding payments. The agency passed the ...
Related contentIBM Acquires Lombardi Software
20 hours ago ago from Austin Entrepreneur Network
IBM today announced it has signed a definitive agreement to acquire Lombardi , a privately held software company based in Austin, Texas. Financial terms were not disclosed (but you can speculate in the comments). Lombardi, a leading provider of Business Process Management (BPM) software and services, helps organizations automate and integrate business processes to increase efficiencies and reduce costs. Organizations are struggling to ...
Related contentUnderfoot, Out of Reach, Part Six: Where are the gas royalties?
14 hours ago ago from Oil and Gas Industry News for Mineral Owners
In one 80-acre square in Buchanan County, a gas company sucked up 1.6 billion cubic feet of coalbed methane gas in 2 years enough to satisfy the heating and cooking needs of about 18,000 homes for a year. Some of the gas in that unit dubbed W-8 by state regulators is the property of owners who are not getting paid for it, including Buchanan County, which owns 14 acres. The producer, CNX Gas Co., should have been making royalty payments ...
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