# Industry news
**URL:** https://www.mineralrightsforum.com/t/industry-news/42345
**Category:** NARO
**Tags:** cleaned
**Created:** [February 28, 2019, 10:25pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345 "2019-02-28T22:25:40Z")
**Posts on this page:** 20
**Page:** 16
### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [August 2, 2023, 2:46am UTC](https://www.mineralrightsforum.com/t/industry-news/42345/304 "2023-08-02T02:46:43Z")
You need to read the article Martha posted about the profit margin on owning minerals and the reasons so many operators are jumping into buying minerals in their own leases.
> [@How the Proceeds of a $70 barrel may be divided](https://www.mineralrightsforum.com/t/how-the-proceeds-of-a-70-barrel-may-be-divided/71774/2):
>
> Yes, that was a very clear explanation of the low cost of owning minerals and the high profit margins. And you were wondering why there are so many mineral buyers out there?
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [August 3, 2023, 8:30pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/305 "2023-08-03T20:30:11Z")
Maybe behind a WSJ paywall, but good article showing how percentage of world surface suffering wildfires is actually declining. To be clear, not a climate denier, but the shrillness and outright hysteria in a lot of press reports makes my eyes glaze over. The strained tie-ins to climate change for any type of news is making people desensitized to the issue, in my opinion.
[The world is not on fire](https://www.wsj.com/articles/climate-change-hasnt-set-the-world-on-fire-global-warming-burn-record-low-713ad3a6)
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### Author:  [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [August 3, 2023, 9:26pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/306 "2023-08-03T21:26:18Z")
I don’t believe that the Oklahoma **Production Revenue Standards Act** would allow for such deductions.
_ **This post is not legal, tax or investment advice. Reading or responding to this post does not create an attorney/client relationship.** _
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### Author:  [@Roy](https://www.mineralrightsforum.com/u/Roy)
#### Post date: [September 18, 2023, 4:00pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/307 "2023-09-18T16:00:16Z")
[SEC climate cudgel](https://www.wsj.com/articles/gary-gensler-sec-climate-disclosure-rule-congress-testimony-ef28eda6)
It is still not too late to urge your congressional representatives to resist this SEC proposed climate disclosure rule submitted for public comment last spring. If adopted, the rule will impose staggering disclosure costs on all public companies, but especially all companies producing hydrocarbons upstream/midstream/downstream. The mandated disclosures will furnish environmentalists with a litigation cudgel to wield against energy companies.
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### Author:  [@Roy](https://www.mineralrightsforum.com/u/Roy)
#### Post date: [October 28, 2023, 1:54pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/308 "2023-10-28T13:54:15Z")
Matador claims success with u-turn wells located along Pecos River in Loving County, Texas where 3 counties Loving, Reeves and Ward meet. Source 3Q23 earnings presentation slide 9.
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [October 30, 2023, 7:39pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/309 "2023-10-30T19:39:49Z")
How much would the four individual wells cost to drill? $10 million seems like an incredible amount of savings.
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### Author:  [@Roy](https://www.mineralrightsforum.com/u/Roy)
#### Post date: [October 31, 2023, 2:28am UTC](https://www.mineralrightsforum.com/t/industry-news/42345/310 "2023-10-31T02:28:11Z")
Matador did not itemize cost savings in this 3Q23 webcast. The two Horseshoe wells are 301-36189 JJ Wheat 2021H, and 301-36226 JJ Wheat 2034H. Matador has not uploaded completion reports to TRRC so I don’t know vertical depth. These are probably upper Wolfcamp, which is 10,900 feet deep there by Pecos River. In 1Q23, Matador said 2 Horseshoe wells instead of 4 lateral wells eliminates drilling and casing 2 vertical wellbores. I assume eliminating two 10,900-foot vertical shafts saves steel/concrete casing of 21,000+ feet of vertical wellbore. Matador said in a webcast that the U-turn is more gradual than the “heel” curve when a vertical shaft turns horizontal; it simply looks radical in diagrams.
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### Author:  [@AJ11](https://www.mineralrightsforum.com/u/AJ11)
#### Post date: [October 31, 2023, 4:36am UTC](https://www.mineralrightsforum.com/t/industry-news/42345/311 "2023-10-31T04:36:42Z")
I wonder if a “serpentine” well with several “U” segments might be next?
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [November 7, 2023, 11:13pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/312 "2023-11-07T23:13:31Z")
Matador reported 2100-2400 BOED on their horseshoe shaped laterals.
[Mr. Ed would be proud](https://pboilandgasmagazine.com/matador-reports-initial-production-for-two-horseshoe-wells-in-loving-county/)
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [December 7, 2023, 6:17pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/313 "2023-12-07T18:17:05Z")
Want to know why Waha continues to get overwhelmed with gas supply? Associated gas production in the Permian has tripled since 2018.
[EIA article](https://www.eia.gov/todayinenergy/detail.php?id=61043)
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### Author:  [@Roy](https://www.mineralrightsforum.com/u/Roy)
#### Post date: [December 8, 2023, 12:51pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/314 "2023-12-08T12:51:53Z")
Good article. Permian gas/oil ratio rose from 2.1 to 3.1 in the last five years. Wonder if GOR increase is because operators ceased routine flaring/venting, or maybe the best wells have been drilled?
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### Author:  [@Roy](https://www.mineralrightsforum.com/u/Roy)
#### Post date: [December 11, 2023, 3:25pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/315 "2023-12-11T15:25:15Z")
Permian consolidation continues as Oxy acquires CrownRock aka CrownQuest. 14 remaining top Permian producers, only two big private companies remain, source Permian Resources earnings deck slide 10 3Q23.
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [December 13, 2023, 7:34pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/316 "2023-12-13T19:34:52Z")
Newest trick from pipeline operators to watch for. They negotiate a permanent easement but then argue part of the payment is for immediate damages and therefore 1099-MISC and taxed as ordinary income instead of capital gains. Head this off in negotiating your easements.
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### Author:  [@Roy](https://www.mineralrightsforum.com/u/Roy)
#### Post date: [December 15, 2023, 4:22pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/317 "2023-12-15T16:22:03Z")
Price curve (strip), contango & backwardation explained … oil options/futures thinly traded these days resulting in volatility detached from fundamentals. Pioneer paper 1/5/23 concluded “Futures Curve is Poor Oil Price Predictor”, Morgan Downey’s book “Oil 101” explains the basics. Contango is fairly unusual historically. [https://www.barrons.com/articles/crude-oil-prices-contango-backwardation-80681a5d](https://www.barrons.com/articles/crude-oil-prices-contango-backwardation-80681a5d)
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [December 15, 2023, 4:45pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/318 "2023-12-15T16:45:11Z")
Hart article about “The Great Lithium Rush”. Unfortunately it is behind a paywall, but East Texas people can attest that there is a lot of speculative leasing out there. A lot of options and flippers active.
[Your salt water may be worth something](https://www.hartenergy.com/exclusives/great-lithium-rush-oil-and-gas-companies-turn-prospectors-207520)
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [January 4, 2024, 10:29pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/319 "2024-01-04T22:29:10Z")
Apache is buying Callon in an all-stock deal. Not a lot of overlap in their acreage footprint, so is likely to give Apache more oil window drilling sites.
[Consolidation continues](https://www.upstreamonline.com/finance/apa-buys-permian-player-for-4-5-billion-as-us-shale-spending-spree-continues/2-1-1578825)
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 4, 2024, 10:31pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/320 "2024-01-04T22:31:02Z")
Speaking of Apache, We just received a check for a lawsuit settlement . The check arrived after the cutoff date for cashing it. Three months to get to us. How do we get a new check?
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [January 24, 2024, 10:10pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/321 "2024-01-24T22:10:20Z")
Martha, if you can’t find any help, let me know and email it to me. I have some contacts there.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 25, 2024, 3:10pm UTC](https://www.mineralrightsforum.com/t/industry-news/42345/322 "2024-01-25T15:10:47Z")
Thanks. It was an odd situation. Apache sent the settlement check to an operating company who then sent a copy of the check to us with no cover letter explaining that they would then send our portion to us. Luckily, we caught the fact that the check was made out to the operating company and not to us and it wasn’t a real check. My assistant just sent a picture of the check, so I didn’t know it wasn’t real. Apparently the operating company sent a whole bunch of these out in their envelopes with no explanation. Strange things happen…
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### Author:  [@wade\_caldwell](https://www.mineralrightsforum.com/u/wade_caldwell)
#### Post date: [August 3, 2024, 1:27am UTC](https://www.mineralrightsforum.com/t/industry-news/42345/323 "2024-08-03T01:27:56Z")
Chevron moving headquarters from California to Houston, as the state government in California has succeeded in driving out another Fortune 500 company.
[Last one left turn out the lights](https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c)
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