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re: Diving deeper on Standard Lithium?

Posted on 5/17/24 at 1:04 pm to
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2041 posts
Posted on 5/17/24 at 1:04 pm to
Would love to see a ruling from AO&G that since Exxon suggested it, they can operate for the next 5 years with a 10% royalty and everyone else at 3.5% and then have the issue revisited.
Posted by ev247
Member since Nov 2022
331 posts
Posted on 5/17/24 at 1:26 pm to
I'm still not sure how these leasing "territories" work. Like, oil/gas companies can run around and outbid one another for leases, as long as the royalty offered is higher than the state minimum of 12.5%. Why isn't the AOGC setting the lithium minimum at 2% and letting brine/lithium producers try to outbid one another? Not that I would want that for SLI (pre-Equinor), just wondering why that isn't the structure
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