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The Million Dollar Elm (unknown - 1980s; 2014 - 2024) was the name given to multiple trees in Pawhuska, Oklahoma, known for marking the site of auctions for oil leases to drill in the Osage Nation. The original tree died in the 1980s due to Dutch elm disease and a replacement tree planted in 2014 was felled in April 2024.
Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana and the Andean region that are expected to attract bids from major oil firms despite a global call ...
The rules for obtaining licenses to explore on state mineral rights vary from state to state. Federal onshore exploration licenses are obtained through oral competitive bidding. Oil and gas rights in the offshore US are divided between the state and federal governments (see Offshore oil and gas in the United States). Rights to explore on US ...
DEA Deutsche Erdoel AG was an international oil and gas company headquartered in Hamburg, Germany.It was a subsidiary of L1 Energy.In 2018, DEA owned stakes in oil and gas licenses in various countries and operated natural gas underground storage facilities in Germany.
An estimate of oil and gas mineral rights owned by North Dakota pegs their value at $2.8 billion, an 18% increase from last year, according to an appraisal released Thursday to the state Land Board.
Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes various types of derivatives contracts based on these commodities, such as forwards , futures and options , as well as spot ...
The Mineral Leasing Act of 1920 30 U.S.C. § 181 et seq. is a United States federal law that authorizes and governs leasing of public lands for developing deposits of coal, petroleum, natural gas and other hydrocarbons, in addition to phosphates, sodium, sulfur, and potassium in the United States.
The Minerals Management Service was created on January 19, 1982. [3] In January 1983, Congress passed the Federal Oil and Gas Royalty Management Act with the stated purpose: [11]
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