Like most commodities, crude oil is produced in widely differing “qualities.” For example, much of the crude oil produced in the field contains sulfur – sometimes in very high quantities. To refine this high-sulfur crude oil obviously costs more than for what is termed “sweet crude oil” and this incremental refining cost is deducted from [...]
As if mineral and royalty interest owners didn’t already have enough to worry about with declining oil and gas prices, high ad valorem taxes, delays in royalty payments and bankrupt oil and gas Operators, now comes the Romanian scientist Virgiliu Pop, with his latest scholarly work on who owns the land and minerals on, in [...]
1) Have your property surveyed for mineral content. Look under Natural Resources in the U.S. Government Offices section of your phone book for a geologic survey. 2) Separate the various types of minerals evident on your property. Instead of leasing the rights to all minerals to one company, specify which minerals they can claim. Have an [...]