Video & Transcript Research : 'royalties'

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TX

Texas 89th Regular

Energy Resources Mar 31st, 2025

Energy Resources

Transcript Highlights:
  • Ed, I see you registered as president of the Texas Independent Producers and Royalty Owners Association
  • Texas Independent Producers and Royalty Owners Association testifying in support of House Bill 1647.
  • President of the Texas Independent. and the Producers and Royalty Owners Association, T-Pro.
TX

Texas 89th Regular

Public Education May 6th, 2025

Public Education

Transcript Highlights:
  • Grand Falls Royalty probably has some other peers in the state, but it's very unique in several respects
  • In the case of Grand Falls Royalty, with the very severe enrollment fluctuations that they can have from
  • A student goes to Grand Falls Royalty either because they live in a very small town or it actually draws
  • In the case of Grand Falls Royalty, again, with an ADA of about 141, if we plugged in those numbers.
  • numbers, it would be a net annual increase for Grand Falls Royalty ISD of about $300,000.
TX

Texas 89th 2nd C.S.

Energy Resources Mar 31st, 2025

Energy Resources

Transcript Highlights:
  • Ed, I see you registered as, uh, president of Texas Independent Producers and Royalty Owners Association
  • Chairman, committee members again, Ed Longenecker, president of the Texas Independent Producers and Royalty
  • Ed, you're here, president for the Texas Independent Producers and Royalty Owners Association, TEPPRO
WY

Wyoming 2026 Regular Session

Joint Revenue Committee, June 9, 2026 - AM

Revenue

Transcript Highlights:
  • ,<00:39:55.200> abandoned<00:39:55.599> mine<00:39:55.920> reclamation royalties
  • , abandoned mine reclamation royalties, abandoned mine reclamation fees,<00:39:56.800> and<00:
  • It excludes federal taxes and incentives, transmission-related taxes, and state lease royalties.
  • Uh due to data lease royalties.
  • And so we're so federal royalties.
Keywords: 916, all
TX

Texas 89th Regular

Public Health Mar 3rd, 2025

Public Health

Transcript Highlights:
  • So we take royalties. So once they're making money than the state makes money.
  • So, and those royalties go from, you know, they step up 3% 4% 5% depending on how much is coming in and
  • they pay us royalties until they have reached four times the amount of the award that SIPRA has given
  • Now, if they. continue to make royalties after that, then we've got what we call a blockbuster provision
  • So they're they're paying royalties back royalties.
Keywords: 1184, house, all
NM

New Mexico 2026 Regular Session

Senate Chamber Feb 6th, 2026 at 11:27 am

New Mexico Senate Floor Meeting

Transcript Highlights:
  • And some of them are represented today by our royalty here with our young women that are here.
  • And with that, I know she truly is royalty. And with that, I know she truly is royalty.
  • Princess Kenesha is the youngest member of the royalty, and this is her first year serving as a representative
  • President, is my good friend Joletta Vicente, the royalty coordinator, who has held this role for more
  • President is my good friend Joletta Vicente, the royalty coordinator, who has held this role for more
Keywords: 996, all
LA

Louisiana 2026 Regular Session

House of Representatives May 20th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • Members, I want to introduce you to our Tangipahoa Parish Fair royalty. They'll stand.
  • Our 2026 honorees and royalty are Ms.
  • Thank you, ladies and royalty. Welcome to the Capitol.
  • Give it up for our royalty from Washington Parish, Louisiana.
NM

New Mexico 2025 Regular Session

IC - Revenue Stabilization and Tax Policy Dec 15th, 2025 at 09:14 am

Revenue Stabilization & Tax Policy Committee

Transcript Highlights:
  • company pays the land office for these leases when they sign, and then there's also an increased royalty
  • That royalty rate would be why you would expect in the forecast period a slightly higher baseline than
  • course, a lot of these lease sales have been on that type of land, but only the bonus payment, the royalty
  • after the production, the royalty on the production goes to the permanent fund.
Keywords: 996, all
NM
Transcript Highlights:
  • The first half of FY26 yielded record-level bonus payments, and there's also an increased royalty rate
  • through a legislative change in SB 23 that changed the top oil and gas royalty rate on new state land
  • But I just see that everything is on the downturn; the severance tax and the royalty rates are on the
  • That would give me a picture of what our future could look like with royalty sales.
Keywords: 996, all
NM
Transcript Highlights:
  • for sale, uh, for the point or for lease for the point of trying to get that 25%, I think it was royalty
  • haircut on the top for management, and then of course the rest flows directly to NMMI, whereas normal royalties
  • , not revenue, but royalties from those lands go to the permanent fund and they're managed by the SIC
ND

North Dakota 2025-2026 Regular Session

House Finance and Taxation Apr 15th, 2025 at 09:00 am

Finance and Taxation

Transcript Highlights:
  • about the gas used for electric generation, prime power on site, exempt from tax, but what about royalties
  • No, it would not be exempt from royalty. It's only a similar process to gas used on the lease.
  • You still meter it and account for it and pay for it to the royalty owner, but as you're using it to
Keywords: 908, all
Summary: The Finance and Tax Committee met to consider Senate Bill 2397 and a proposed amendment creating a development incentive well program for North Dakota oil and gas production. Representative Dockter explained the amendment as a way to encourage exploratory and innovative drilling in light of the state’s financial outlook and the growing share of stripper wells. Department of Mineral Resources Director Nathan Anderson and DMR geologist Timothy Nashim presented background on the Bakken and Three Forks formations, with Nashim describing research showing that Middle Three Forks second-bench development can add reserves in some areas but not others, and that roughly 600 additional wells in the strongest area could yield about 250 million barrels of oil. Continental Resources representatives William Houser and John Argo supported the amendment. They said the bill would give a temporary oil extraction tax exemption for certified development incentive wells, limited to 36 months or 300,000 barrels, and would also update tax treatment for gas used in enhanced oil recovery and on-site electric generation. They argued the measure would encourage new technology and testing in existing spacing units, complementing House Bill 1483, which they said focused on geographic expansion into non-Bakken and non-Three Forks areas. Argo said Continental still invests heavily in North Dakota but is shifting rigs elsewhere because of economics, and he urged incentives to spur exploration and preserve the basin’s long-term future. North Dakota Petroleum Council executive director Ron Ness also supported the concept, calling it a targeted, low-risk way to encourage innovation and future barrels. Committee members asked about royalty treatment, the difference from House Bill 1483, pressure maintenance, and how the program would be administered. DMR said the amendment should clarify that the operator bears the burden of proving a well qualifies and that only one incentive well per stratigraphic interval should be certified. No vote was taken; the committee paused to work on revised language and indicated the bill would likely need further adjustment, possibly in conference committee.
WY

Wyoming 2026 Regular Session

House Appropriations Committee, February 23, 2026 PM 2

Appropriations

Transcript Highlights:
  • Section 316, the federal mineral royalties distribution, was also deleted entirely.
  • 00:26:39.679> the<00:26:39.840> federal<00:26:40.159> moral<00:26:40.720> royalties
  • 316, the federal moral royalties 316, the federal moral royalties distribution,<00:26:42.080>
NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Feb 7th, 2026 at 06:52 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • The rules were implemented and resulted in millions of dollars of methane captured and tax and royalty
  • So opponents say no one will buy oil and gas at the rates when we tried to raise the royalty rates.
  • Our state land office commission said the best leases sold at the higher royalty rates, shattering previous
  • Each plume represents lost royalties and severance taxes.
TX

Texas 89th Regular

Energy Resources Mar 3rd, 2025

Energy Resources

Transcript Highlights:
  • President, Texas Independent Producers and Royalty Association, Owners Association. Mr.
  • last year as the handout demonstrated. $27.3 billion were paid in state and local taxes and state royalties
  • And to put that in context, $27 billion in taxes and royalties paid last year. by the Texas oil and natural
  • Payments that are made to royalty owners and working interest owners, ad valorem taxes that are paid
Keywords: 1184, house, all
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Jan 22nd, 2025

House Appropriations & Finance

Transcript Highlights:
  • And talk a little bit about severance taxes and rents and royalties.
  • Of severance or royalty revenues, both oil and gas related. Dollars go to the general fund in blue.
  • these sources—a decline of over 200 million dollars from 23 to 25 in severance and 1.1 billion in royalties
  • Currently, we estimate three billion in school tax and four billion in royalties to reach the Severance
ND
Transcript Highlights:
  • Royalty owners: it extends the well life and sustains royalty income that may otherwise be lost.
  • But I left out Alaska on purpose because much of that is royalties to the state of Alaska.
  • I just know that Alaska has many of the royalties.
  • I just know that Alaska has many of the royalties.
  • So if you said 20 to 25% of a royalty right there, 10% tax, they bring it all in as a tax. so.
Keywords: 908, all
Summary: The committee met to continue its tax reform and relief study agenda, approved the December 3, 2025 minutes, and announced a new subcommittee to examine property tax statement issues with counties, auditors, and the tax office. Representative Headland was named chair, Senator Rummel vice chair, and Representatives Dressler and Dr. Dr. and Senator Patton were also assigned. The chair noted the group may need an additional meeting and thanked staff and attendees. A major portion of the meeting focused on economic development incentives. The Department of Commerce presented on the Renaissance Zone program and TIF districts, describing Renaissance Zones as locally tailored tools that combine local property tax relief with state income tax incentives. Commerce said the program has supported thousands of projects since 1999 and cited examples from Beach and Mandan showing increases in property and taxable value, business retention, housing, and downtown revitalization. Committee members raised concerns that smaller rural communities often lack the staff and expertise to apply, and Commerce said it provides outreach through conferences, office hours, and one-on-one assistance. League of Cities and local officials from Bismarck and Ellendale echoed the capacity issue, discussed how the programs have worked in their communities, and suggested possible reforms or more targeted support for small towns. Ellendale’s mayor also described two TIF districts, one for industrial infrastructure in Oaks and one for housing infrastructure tied to a data center project in Ellendale. The committee then turned to stripper oil taxation. The Tax Department gave a comparison of oil and gas tax structures in selected states, noting that most have some form of stripper or marginal well provision, while Alaska does not appear to have a specific stripper-well exemption. Members asked for more detail on definitions and North Dakota’s annual adjusted rate. The Department of Mineral Resources followed with a detailed presentation on North Dakota stripper wells, explaining the statutory thresholds, the 12-consecutive-month production test, and the fact that once a well qualifies it remains on stripper status even if production later rises. DMR said about 11,332 stripper wells are active, representing roughly 54% of wells and about 16% of state production, and emphasized that stripper status can extend well life, preserve tax revenue, and reduce orphaned wells. Committee members and industry witnesses discussed refracs, the economics of keeping marginal wells active, and the competitive disadvantage created by North Dakota’s oil price discount. No votes were taken on these informational items.
OK

Oklahoma 2026 Regular Session

Health and Human Services Oversight REVISION 2: Delayed until 11:30 AM

Health and Human Services Oversight

Transcript Highlights:
  • actually get to make a drug and sell it, the state gets recognition for that and gets to collect royalties
  • The state gets recognition for that and gets to collect royalties for the amount of money they put in
TX
Transcript Highlights:
  • Last year alone, the industry paid $27.3 billion in state and local... local taxes, and state royalties
  • if it now becomes an injection well, even though you're not extracting anything out. and taking a royalty
  • TLMA is a statewide advocacy organization representing land and mineral and royalty owners. in all 254
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Sep 23rd, 2025

Transcript Highlights:
  • taking into account on our permanent funds the amount that we're losing by the feds reducing the royalty
  • Royalty rate? Yes, Mr. Chair. It was in the short-term revenue estimate last month.
  • Lower royalty rate, and in the feds reducing that royalty rate, we can think of that as more foregone
  • Let's raise royalties; let's do that.
WY

Wyoming 2026 Regular Session

Senate Floor Session-Day 5, February 13, 2026-PM

Wyoming Senate Floor Meeting

Transcript Highlights:
  • Chairman, I'm bringing you section 316, Federal Mineral Royalties Distribution. The FMR same here.
  • Section uh the JC added section 324. royalties over $200 million for the 2728 royalties over $200 million
  • and um, from 50% to 87 a.5% royalty and um, from 50% to 87 a.5% based<02:47:16.240> off<02:47
  • <02:49:47.520> And that we have on the royalty share.
  • And that we have on the royalty share.
Keywords: 916, all