A judge dismissed a federal lawsuit over a law the West Virginia Legislature passed in 2022 that changed the share of oil and gas production to which a royalty owner is entitled. The judge dismissed the lawsuit over Senate Bill 694, finding the Northern West Virginia mineral interest owners who challenged it lacked standing to bring the lawsuit.
One of MDN's favorite organizations is the Pennsylvania Oil and Gas Landowner Alliance (POGLA), an organization representing oil, gas, mineral, and royalty owners throughout the Commonwealth of PA. POGLA will host a conference titled Landowners, Industry & The Legislature, on May 6, 2023, from 8 am to 5 pm in Washington, PA. This event has
TXO Energy Partners (TXO), formerly known as MorningStar Partners, saw its stock climb 13% in recent trading following an initial public offering that raised $100M. Read more here.
Pennsylvania General Assembly enacted Senate Bill 806, which amends Oil and Gas Lease Act of 1979. New act seeks to increase transparency around payment of royalties from oil and natural gas operators to landowners pursuant to their lease agreements.