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Overriding royalty interest

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Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 14–15, 1985
Paper Number: SPE-13762-MS
... of the legal entity requires that no value judgements can be made by the trustee relative to trust assets - thus only true royalty interests, overriding roy- alty interests or net-profits interests actually qualify. The actual practice in the recent past has been to place the 11 net-profits 11 interests...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, October 5–8, 1983
Paper Number: SPE-12023-MS
... and, in exchange, receiving an equity risk type of reward, such as an equity kicker in the form of an overriding royalty interest or a net profits interest. Essentially, the basis of project financing lies in striking an equitable risk/reward profile for all parties to the venture; assumption that the project's...
Proceedings Papers

Paper presented at the Fall Meeting of the Society of Petroleum Engineers of AIME, October 4–7, 1970
Paper Number: SPE-3074-MS
... on typical or "average" industry statistics for finding and developing domestic onshore oil and gas reserves. The types of fund structures compared are (a) All costs paid by investors — operator has straight overriding royalty interest, (b) All costs paid. by investors — operator has back-in interest after...
Proceedings Papers

Paper presented at the SPE Mid-Continent Gas Symposium, May 22–24, 1994
Paper Number: SPE-27937-MS
.... OVERRIDING ROYALTY INTERESTS Where a party owns an overrid- ing royalty, potential liabilities could be as follows: Federal Statutory Liability. A lessee's status where he retains an overriding royalty interest as either an "owner" or "operator" under CERCLA, RCRA or the CWA is undecided. A forceful argument...
Proceedings Papers

Paper presented at the SPE Eastern Regional Meeting, October 21–23, 1987
Paper Number: SPE-17028-MS
..." are the economic reserves before the application of any royalties or overriding interests, and "net economic reserves" are the economic reserves net to the revenue interest associated with the 100.00 percent working interest after the application of any royalties or overriding interests. In effect, the "initial...
Proceedings Papers

Paper presented at the SPE Symposium on Petroleum Economics and Evaluation, March 8–9, 1971
Paper Number: SPE-3318-MS
.... Consequently, any interest in oil and gas properties that is charged with the burden of development and operation can- not be a production payment. Any interest that is a production payment is subject to the interdiction of Section 636. Other interests in oil and gas properties are royalties, overriding...
Proceedings Papers

Paper presented at the SPE Nigeria Annual International Conference and Exhibition, July 31–August 2, 2017
Paper Number: SPE-189095-MS
... making the project viable. Hence, we recommend that government considers a pseudo PSC or an overriding royalty funding arrangement in order to retain its participatory interest in the JV agreement without the obligation of cash call. Given that this funding option will impact the government take as shown...
Proceedings Papers

Paper presented at the SPE Nigeria Annual International Conference and Exhibition, August 6–8, 2018
Paper Number: SPE-193488-MS
... payable is the present day value of the previous exploration cost as determined by both parties. (But this has been amended to payment of overriding royalty interest to the original lease holder). Marginal fields are small fields which cannot produce 10,000 barrels per day and are adjudged not viable...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, February 11–13, 1979
Paper Number: SPE-7731-MS
... (or working capital), tangible and intangible development costs, lease cancellation, dry holes, equity payments, and equipment purchased with property. The model performs a cash flow calculation and offers such options as price escalation, royalties override, production payments, joint interests and split...
Journal Articles
J Pet Technol 5 (07): 17–19.
Paper Number: SPE-953072-G
Published: 01 July 1953
... land. There is a mineral interest, a land- owner's interest, an overriding royalty interest, an operating or lessee interest, sometimes called the working interest, a carried working interest, and a participating interest. Each has a distinctive character determined by the wording of the legal document...
Proceedings Papers

Paper presented at the Annual Technical Meeting, May 7–10, 1979
Paper Number: PETSOC-79-30-31
... of freehold mineral titles. Frequently, however overriding royalties and net profit and revenue interests are simply contractual agreements and not being an interest in land, will not support a statuary mortgage under Section 82 of the Bank Act. It is advisable that, when negotiating and preparing...
Proceedings Papers

Paper presented at the SPE Western Regional Meeting, April 20–22, 2021
Paper Number: SPE-200764-MS
.... Thelandowner can negotiate for as high a royalty as can be arranged. Landowners can also bargain for an overriding royalty. The override is 1/16 taken from the Lessee's interest. Oil royalties may be paid in cash or kind. The Lessor may receive oil from the Lessee and then market the oil. Most landowners...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, October 8–11, 1989
Paper Number: SPE-19675-MS
... 2. Interest;" 3. 11 Royalties (including overriding royalties) whether measured by production or taxable income from the property11 ;4 4. Gains derived from the sale, exchange or other disposition of property other than inventory and other pro~erty held primarily for sale to customers. The above...
Proceedings Papers

Paper presented at the Nigeria Annual International Conference and Exhibition, August 6–8, 2012
Paper Number: SPE-163040-MS
... changed to payment of Overriding royalty interest to the original leaseholder. Marginal fields are small fields which cannot produce 10,000 barrels per day and are judged not viable for development by the leaseholder. The government had six objectives for creating the marginal development...
Journal Articles
J Pet Technol 18 (08): 924–928.
Paper Number: SPE-1432-PA
Published: 01 August 1966
... using overriding royalties rather than cash alone. Introduction Waterfloods are profitable, but expensive. Furthermore, a waterflooding company may invest large sums of money and continue operations for a year or more before early returns first signal success or failure of a venture. Therefore, a sound...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, October 3–6, 1993
Paper Number: SPE-26390-MS
.... Ad valorem taxes are typically not assessed on the royalty or overriding royalty portion of federal, state, school, hospital or other public lands, although the working interest portion is taxable. Indian lands are generally subject to tribal taxation in addition to local government taxation...
Proceedings Papers

Paper presented at the Nigeria Annual International Conference and Exhibition, August 3–5, 2009
Paper Number: SPE-128343-MS
... for Strategy A1). The level of Overriding Royalty Interest accounts for less than 10% of the variations in NPV values for both Strategies. Figure 3-Cumulative Distribution for Strategy A3 NPV Distribution for A1 NPV/C10 Values in Thousands 0.000 0.200 0.400 0.600 0.800 1.000 Mean=20172.6 -10 0 10 20 30 40 50...
Proceedings Papers

Paper presented at the Petroleum Economics and Valuation Conference, March 29–30, 1956
Paper Number: SPE-634-G
... or gas interest as a gift and intentional investment of trust funds in such an undertaking. asset and portfolio management financing oil royalty Upstream Oil & Gas purchaser royalty gas interest institutional investment consideration employment Dallas oil payment University...
Proceedings Papers

Paper presented at the SPE California Regional Meeting, October 20–21, 1960
Paper Number: SPE-1624-G
... even though he never pays therefor, and A many of you already are familiar with the use of I will have to take into his taxable income the pro- most of these devices, particularly overriding duction attributable to his share of the lease in-I royalties and net-profits interests; therefore, I come (less...
Proceedings Papers

Paper presented at the SPE California Regional Meeting, November 17–18, 1966
Paper Number: SPE-1652-MS
... payment) is exist where a party sells a working similar to an overriding royalty interest or royalty, but retains a except that the production payment is specified portion of the minerals. of defined duration whereas an over- A carved-out production payment is riding royalty con%fnues In exi~tence created...

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