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Hunter MMS has announced proposed amendments to its deep gasroyalty relief regulations under the Energy Policy Act of 2005. The additional relief will only be available in years when the annual NYMEX natural gas price is at or below $4.47/MMBtu MMBtu expressed in 2006 dollars. Click here to read the Notice.
On September 2, 2016, the Texas Supreme Court agreed to review three oil and gas cases involving issues pertinent to the industry and land and mineral owners. BP America Production Company v. Red Deer Resources, LLC In BP America Production Company v. Both parties filed petitions for review before the Texas Supreme Court.
The Court will also hear arguments on the applicability of the discovery rule and fraudulent concealment to claims by oil and gas lessors. Liskow & Lewis attorney Butch Marseglia submitted an amicus curiae brief on behalf of The Texas Oil & Gas Association. Emerald Oil & Gas v. 13-99-757, 2005 WL 167051 (Tex.App.—Corpus
. — (2006), the Supreme Court resolved a legal issue that has been at the center of federal royalty litigation for twenty years: viz. founded upon any contract,” applies to administrative royalty payment orders issued by the Minerals Management Service (MMS). whether 28 U.S.C. The Court held that it does not. On appeal, the D.C.
watch now VIDEO 4:23 04:23 Electricity prices will continue to climb as Senate tax bill routs solar stocks: Oppenheimer's Rusch Fast Money President Donald Trump's One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production.
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