8 unchanged sentences
amount of natural gas and oil that Hilcorp or the third-party operators can economically produce.
−Removed: It is uncertain how the war in Ukraine and resulting sanctions against Russia will affect oil and natural gas prices in the coming months.
−Removed: Hilcorp has informed the Trust that it does not believe that recent actions undertaken by President Bidens new administration to curtail
−Removed: future leases for natural gas and oil drilling on federally-owned land will impact the Subject Interests because at the present, they do not impact current leases.
−Removed: On January 20, 2021, President Biden signed an executive order that reversed the United States withdrawal from the Paris Agreement, and
−Removed: the United States formally rejoined the Paris Agreement on February 19, 2021.
−Removed: At the federal regulatory level, both the EPA and the BLM have adopted regulations for the control of methane emissions, which also include leak detection and repair
−Removed: requirements, from the oil and gas industry.
−Removed: Additionally, President Biden has issued an executive order seeking to adopt new regulations and policies to address climate change and suspend, revise or rescind prior agency actions that are identified
−Removed: as conflicting with the Biden Administrations climate policies.
−Removed: In addition, President Biden has declared that he supports federal government efforts to limit or prohibit hydraulic fracturing and banning new leases for production of minerals
−Removed: on federal properties, including onshore lands.
−Removed: Any of these actions could require Hilcorp to increase capital expenditures for the Subject Interests, decrease demand for natural gas and oil production, or limit the Subject Interests ability
−Removed: to produce natural gas or oil production.
−Removed: The Trust is unable to determine what, if any, the effects of such actions will have on the Subject Interests ability to produce natural gas and oil, and Hilcorps ability to pay royalty income to
+Added: Hilcorp has informed the Trust that it
+Added: does not believe that actions undertaken by President Bidens administration to curtail future leases for natural gas and oil drilling on federally-owned land will impact the Subject Interests because, at the present time, they do not impact
+Added: current leases.
+Added: On January 20, 2021, President Biden signed an executive order that reversed the United States withdrawal from
+Added: the Paris Agreement, and the United States formally rejoined the Paris Agreement on February 19, 2021.
+Added: At the federal regulatory level, both the EPA and the Bureau of Land Management (BLM) have adopted regulations for the control of
+Added: methane emissions, which also include leak detection and repair requirements, from the oil and gas industry.
+Added: Additionally, President Biden has issued an executive order seeking to adopt new regulations and policies to address climate change and
+Added: suspend, revise or rescind prior agency actions that are identified as conflicting with the Biden Administrations climate policies.
+Added: In addition, President Biden has declared that he supports federal government efforts to limit or prohibit
+Added: hydraulic fracturing and banning new leases for production of minerals on federal properties, including onshore lands.
+Added: Any of these actions could require Hilcorp to increase capital expenditures for the Subject Interests, decrease demand for natural
+Added: gas and oil production, or limit the Subject Interests ability to produce natural gas or oil production.
+Added: The Trust is unable to determine what, if any, the effects of such actions will have on the Subject Interests ability to produce
+Added: natural gas and oil, and Hilcorps ability to pay Royalty Income to the Trust.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.