Morgan Stanley voted down proposal to stop oil and gas lending. Maybe the tide is turning on this lunacy.
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The Permian is projected to produce more oil by itself this year than all other countries except Russia and Saudi Arabia.
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Announcement of combining H2S sour gas treatment with CO2 sequestration project. Creative way to address two problems at once to aid natural gas production.
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Targa acquiring Lucid Energy for $3.55 billion. More midstream consolidation in the Permian.
Earthstone acquiring Titus assets in New Mexico for $627 million.
GSA is selling the last parts of its helium assets near Amarillo, that includes 38,000 acres of mineral rights.
Another Waha to Houston pipeline is being expanded by 500 MCFD. In service date of November 2023.
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Ring Energy acquiring 37,000 acres in Crane County, primarily.
Well this could be big. Enverus has decided to flex its new data monopoly and start charging $1.55 per property per month if you want to download your check stub data through Energy Link. Remember the operators started pushing mineral owners to go to data downloads as a way of saving them money from paper check stubs, which is one of the reasons this market was created in the first place. Data processing companies popped up to sell this as a service, and then Enverus went and bought all of them up. Enverus says they will not charge if you just want a pdf of your check stub.
There are some people with a lot of small interests that this will severely impact. It some cases it could be the fee is larger than the royalty payment, because it is per property. The announcement is-
Hello,
We apologize for any confusion our message last week might have caused about upcoming price adjustments for EnergyLink. PDFs that are currently free will remain free to you. We charge only for data downloaded in digital format or data customization, such as application of your own accounting codes to statement data.
Since Enverus acquired EnergyLink nearly three years ago, we have accelerated our investment in the product, making important upgrades that provide additional value and are helping us create the new energy economy.
Today, EnergyLink provides access to energy’s largest, most comprehensive Royalty Revenue and Joint Interest Billing (JIB) networks and is the only platform where more than 90% of your data can be instantly downloaded in a digital format. This has improved efficiency, allowing customers to download all their data from a single product, while saving time and money. And that’s just a start. Improvements made over the last few years include:
- Integrated from three legacy systems into a single network and software platform, allowing customers to easily access revenue and JIB data in a single location.
- Added EnergyScan, a data digitization service that makes it easy to access 100% of your statement data in a digital format.
- Improved our partner coding functionality and voucher system, enabling easy integration with enterprise accounting systems that can now be applied to all your data.
These investments were made during years of uncertainty and volatility within energy markets. While we are pleased to see commodity prices stabilizing at a healthy level, we are now facing rising costs, from web services to personnel.
To be able to continue providing incredible customer service and implementing important product updates, we are introducing a new fee schedule, effective August 1, 2022.
- Royalty Revenue will be charged at $1.55 per property.
- For Joint Interest Billing (JIB), we are eliminating our charge per operator. JIBs will now be charged at $2.00 per property.
- Annual subscriptions will be honored through their contracted term.
Prices for reports and out of network scanning are also changing. Full details can be found here.
For companies currently under an annual contract, pricing changes will not apply.
If you have any questions about the updated fee schedule, please don’t hesitate to reach out to [email protected].
Thank you for your business. We look forward to serving you for years to come.
Sincerely, Enverus
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Wall Street Journal editorial vz SEC’s draconian draft disclosure rule (greenhouse gas emissions) and SEC’s refusal to answer Senate questions. I wrote a comment to SEC during the public comment period. If SEC adopts the rule as drafted, SEC will burden American oil & gas companies, companies would be forced to fill 10K reports with pages of Scope 3 emissions narrative, encouraging environmental groups to sue oil companies over the SEC-mandated disclosures.
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Devon buying Validus and its Eagle Ford position for $1.8 billion.
Targa building a new cryo plant in the Midland Basin.
Bloomberg article re University Lands - https://www.bloomberg.com/graphics/2022-harvard-university-of-texas-richest-college-oil-endowments/
I’m unable to read the Bloomberg article without subscription. Here is a recent Wall Street Journal article, perhaps similar info.
https://www.wsj.com/articles/harvard-beats-texas-despite-oil-riches-11661274139?st=q3jsz5yyvp9uazq&reflink=desktopwebshare_permalink
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Thanks Wade. Southwestern Energy never informed us there was a change over from their Owner Relations System. Emailed them today since our statement was not posted and they supplied the phone number 855 301-5241 to Energy Link in case anyone reading wants it. Energy Link was very prompt and courteous and the account set up was straight forward. They will send an email when new statements arrive. No charge for PDF downloads.
Colgate and Centennial are now Permian Resources.
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Major consolidation in the mineral buying space. Kimmeridge and Brigham in $4.8 billion merger.
If you ever had any doubt how valuable your minerals are, ask yourself how did these two companies get to be worth $4.8 billion.
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merger of royalty investment companies. Merged firm has interest in 1/3 of wells drilled in the Permian Basin, seriously?? Oil Royalty and Mineral Companies Sitio and Brigham to Merge in $4 Billion Tie-Up - WSJ
@Roy - Woof! That is hard to to pull off.
Succinct explanation of how Obama & Biden administrations surreptitiously kill drilling (also pipelines & infrastructure) by settling environmentalist lawsuits without a fight.
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