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When asked how high oil prices would have climbed if Iran had shut the Strait, Morse told Rigzone that it is close to impossible to see how much oil prices would have increased had Iran shut the Strait or if Iran succeeded in shutting the Strait in the near future. “Would it be $120 or $130 initially?
30, 2010), the Fifth Circuit reversed the district court’s finding of summary judgment on liability under the Oil Pollution Act of 1990 (“OPA”). As a result, a large amount of oil spilled from the barge into the river near New Orleans. Further, the responsible party for a vessel is any person owning or operating the vessel.
08-233, 2008 WL 5158887 (La. Mineral, surface, and subsurface leases on the various properties have been granted to seven separate entities for oil and gas operations on the property. The case was then transferred to Vermillion Parish, Louisiana pursuant to exceptions filed by the defendants for improper venue.
Holden EPA’s most recent NPDES regulations for stormwater permitting of oil and gas facilities were vacated by the Ninth Circuit in 2008 and new regulations have not been promulgated. The 1987 amendments to the Clean Water Act (“CWA”) added language creating a permitting exemption for uncontaminated runoff from Oil and Gas operations.
the First Court of Appeals in Houston held that oil which had been severed and stored in tanks on site was personal property and thus was transferred by an assignment of the oil and gas property on which the tanks were located. To read the case, please go to [link] Merlon Texas, Inc., Emphasis by the court).
Background and Lease History In this lease termination case ( Pruett v. In 2001, Stephen Pruett (“Pruett”) and his company Jet-Tex Oil and Gas, LLC (“Jet-Tex”) purchased a 323-acre tract of the leased property, while his parents purchased an adjacent 194-acre tract. River Land Holdings, LLC , No.
Mobil Oil Corp., 2008-0541 (La. Murphy Oil, U.S.A., By Jessica Gladney In Thomas v. 3/31/09), the Fourth Circuit affirmed the trial court’s denial of class certification against the defendants, Exxon Mobil Corporation and Chalmette Refining, L.L.C. 1996-2913 (La. 9/9/97), 703 So.
06-31238, 2008 WL 588745 (5th Cir. 2008), the Fifth Circuit Court of Appeals affirmed the district court’s decision to dismiss a qui tam action brought under the Federal Claims Act (FCA). He alleged that the defendants then received the benefit of continuing operations under a federal contract, the federal oil and gas lease.
By Sarah Steward-Lindsey On November 21, 2008, the Supreme Court of Texas decided that a mineral owner’s participation in a validly pooled unit did not cease simply because the lease of that interest terminated.
The Louisiana Supreme Court recently issued a decision in a downhole damages case, reversing the Third Circuit’s misguided application of the manifest error standard of review. The case itself necessitated extremely nuanced and technical testimony regarding the geology and geophysics of the formations. Kerr-McGee Rocky Mt.,
By Marie Carlisle On May 28, 2009, the Fifth Circuit decided In the Matter of: Lease Oil Antitrust Litigation, case no. 08-40230, reversing the District Court’s denial of the State of Texas’ motion to intervene in a matter concerning unclaimed settlement money from the oil antitrust action.
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. In most cases, new owners will have nine months from the date of acquisition to notify EPA of their interest in participating in the program. 44991 (Aug.
Case: United States v. Factual Background In July of 2008, nearly 300,000 gallons of oil spilled into the Mississippi River in New Orleans when a tugboat towing an oil-filled barge veered across the river into the path of an ocean-going tanker. American Commercial Lines, L.L.C. , 16-31150, F.3d 3d (5th Cir.
In 1947, Myers-Woodward's predecessors retained the surface estate but conveyed the mineral estate to Underground Services Markham's (USM) predecessor through a mineral deed that included "all of the said oil, gas and other minerals in, on and under said land." " • In Lightning Oil Co. West, 508 S.W.2d
15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims. The Bowden case involved claims against Phillips Petroleum company in connection with its natural gas marketing through affiliate companies. In Bowden v. Phillips Petroleum Co. , 03-0824 (Feb.
By Jana Grauberger : A recent Interior Board of Land Appeals (“IBLA”) ruling, ATP Oil & Gas Corp. , 2006-G02, which requires a lessee “to show that a drilling rig was scheduled to commence operations prior to lease expiration and to have an approved plan (in this case , the EP) and APD.”
1] Prior to the Pennsylvania ruling, there were two seminal cases that have addressed the issue and reached conflicting results. The court found that an actionable trespass claim requires an injury and that the only claimed injury in this case—drainage of gas from beneath the plaintiff’s property—was barred by the rule of capture. [3]
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. 2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. This first of such NTLs, NTL No.
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. 2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. This first of such NTLs, NTL No.
2),â Eurostat, accessed June 2024; âEmployment by sex, age, and detailed economic activity (from 2008 onwards, NACE Rev.2 Our analysis suggests that the cost of adopting CCUS would be similar to the price of emissions allowances under the EU ETS by 2030, creating a plausible business case for this technology.
The tables turned again at the Texas Supreme Court, which ultimately held that the boundary stipulation was valid and that the defendants conclusively established their ratification defense, but the case is still ongoing. The parties signed the stipulation in August and September 2008, and it was subsequently recorded in the county records.
The tables turned again at the Texas Supreme Court, which ultimately held that the boundary stipulation was valid and that the defendants conclusively established their ratification defense, but the case is still ongoing. The parties signed the stipulation in August and September 2008, and it was subsequently recorded in the county records.
Cypress owned a majority stake in the company from 2002 to 2008. Source: Complete Solar Q2 Presentation In 2008 Cypress spun out SunPower. In many cases they just lease a roof from the homeowner, front cost of installation upfront and collect revenue directly from a power purchase agreement (PPA) with the utility.
The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Since TC’s first 2008 cross-border permit application, the Keystone XL project faced numerous legal and regulatory hurdles. energy security, and oil prices. [7].
Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7] The outcome of this case could have a significant impact on his strategy going forward. [1] Gulf Coast.
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