R oyalty statements are the basic accounting documentation mailed to royalty rights holders, usually on a monthly basis. Royalty statements are often the only connection between a mineral owner and the oil company. Also, revenue checks are sometimes sent by the First Purchaser. In cases where the amount owed the royalty owner is relatively small, revenue distributors are obligated to mail a check only when the amount reaches a minimum threshold. There is no standard format for royalty statements. However, there are a handful of basic data elements that are or should be present on all statements. In creating royalty statements, reputable revenue distributors, of which most certainly are, are guided by good accounting practices, and often influenced by state government statutes. For each producing property, there will be identifying numbers, codes, tract numbers, lease names, well names, county and state names — or some combination of these, all of which serve simply to identify the producing entity.
Eureka Resources’ Solution to Oil and Gas Wastewater Awarded U.S. Patent
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Osama bin Laden became the rabbit in that greyhound race. The hounds are still parked in their Afghan kennel. The Beirut blast happened when the US is a shadow of what it was two decades ago, President Donald Trump is shuffling his feet in the ring but has no punch, Israel’s Prime Minister Benjamin Netanyahu is dancing around a minefield of corruption charges.
French President Emmanuel Macron, facing massive popular protests, looked pathetic turning up in Beirut barely two days after the event, walking around the port area with the authority of old Masters. The French are prone to wear their colonialism on their sleeve. In , when Left Liberals in Paris were writhing in pain at Europe’s indifference towards the Bosnian carnage, a brief exchange with a senior French official has remained with me:. Macron was forthright: “What is now needed is political change; the explosion should be the start of a new era.
The most respected of journalists in Beirut, Robert Fisk has, after talking to many witnesses, distributed damages in appropriate proportion. The sea took 70 per cent of the blast. That’s a revealing figure.
Oil and Gas Industry Continues to Fight Responsibility for Damage it Caused – TAKE ACTION
Millions of people turn to online dating apps or social networking sites to meet someone. But instead of finding romance, many find a scammer trying to trick them into sending money. Read about the stories romance scammers make up and learn the 1 tip for avoiding a romance scam.
Around 7. But just as dating app users are at an all-time high, so is the number of people becoming victims of online dating fraud. Con artists are increasingly creating fake online profiles and tricking people on dating sites into handing over often large sums of money. One of the most common techniques is to build up trust with the person by messaging for weeks or even months before suddenly having an emergency – the fake person being mugged but their daughter needing urgent surgery, for example – and asking for money.
But then they suddenly need money for rent too, then food, then medical fees, and it can quickly escalate. Serious fraudsters sometimes even create further fake profiles and use them to be rude to you, all to make the main fake profile seem more desirable. Scamalytics , a company which runs anti-scammer software for a number of the major dating sites, are trying to reduce online dating fraud by creating profiles of the average male and female con artist.
The male profile is in his late 40s 48 is the most common age with a high income. He is most likely to have a career in engineering, has no interest in politics, a full head of light brown hair, and the photos are often taken at a slight distance. The female profile is in her 20s 29 was the most common age , and also has a high income. She presents herself as a student, also with a degree and no interest in politics.
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We provide specialist materials and equipment management from demand creation to fulfilment. With approximately 1, employees covering eight countries, we serve the energy industries across six continents. In view of the global developments related to the coronavirus COVID, we are providing an update on the way we are responding to the outbreak.
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Kinder Morgan is one of the largest energy infrastructure companies in North America. We own an interest in or operate approximately 83, miles of pipelines and terminals. Our pipelines transport natural gas, gasoline, crude oil, carbon dioxide CO 2 and more. Our terminals store and handle petroleum products, chemicals and other products. The revolutionary shale plays across the United States are creating a tremendous need for more energy infrastructure, which bodes well for us.
We invest billions of dollars each year to grow the company by building new and expanding existing assets to help ensure that a variety of energy products get delivered into the marketplace. In most of our businesses we operate like a giant toll road and receive a fee for our services, generally avoiding commodity price risk.
That’s the spirit that drives our company.
The U. A massive response ensued to protect beaches, wetlands and estuaries from the spreading oil utilizing skimmer ships, floating booms , controlled burns and 1. Numerous investigations explored the causes of the explosion and record-setting spill. Government report, published in September , pointed to defective cement on the well, faulting mostly BP, but also rig operator Transocean and contractor Halliburton.
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Today’s oilfield workers are busier than ever thanks to a shortage of experienced know-how in the industry. Indeed, as this article from September warns, Generation X oil workers those aged in their 40s and 50s are in danger of “burning out” due to their juggling family commitments and an ever-increasing workload. Meanwhile, although Gen Y workers are rapidly becoming the go-to candidates to fill vacant positions in the oil and gas industry, they face a steep learning curve.
One way of lightening Generation X’s load while assisting Gen Y in its learning about the industry is through the increased use of technology. Smartphones are increasingly being used to improve people’s social and working lives through their “apps”. So, Rigzone takes a look at a few of the free smartphone apps that are available for oilfield workers. Schlumberger Oilfield Glossary.
Need to know how to tell an electric submersible pump from a positive displacement pump? Or do you need to get to grips with all the different kinds of drilling fluid you might come across at a well site? Particularly useful for younger workers still learning about the industry, the Schlumberger Oilfield Glossary contains definitions for more than 4, industry terms.
The app is used by simply entering the term or part of the term you are interested in into the search box.
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In a study commissioned by Louisiana Mid-Continental Oil and Gas Association concluded that oil and gas activities contributed to coastal land loss. An oil and gas field in Plaquemines Parish Louisiana. Courtesy restorelouisiananow.
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In nature, gravity is an unseen force that is predictable, measurable and reliable. Gravity has these same qualities, which help ensure continuous operations. Gravity is a single-source supplier of services an operator needs to go non-stop, from planning through production. Gravity has decades of expertise, deep resources, a large fleet of vehicles and high-performance equipment, and an expansive footprint in the major oil and gas producing basins, particularly in the Permian Basin, all of which makes us well-positioned to serve our customers.
Gravity will be there, with a range of power solutions from portable short-term rentals to long-term, installed standby generation. We have custom engineered solutions to improve production with application-specific chemical programs and capillary injection strings. Our senior management team consists of industry veterans, averaging nearly 30 years in the business. We are customer-focused and service-driven – unafraid to find solutions that lead to mutual success.
Our safety culture is ingrained in all of our employees from their first day on the job.