article thumbnail

Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

But in 2008, the shale revolution took off! King Hubbert, who famously predicted in 1956 that U.S. oil production would peak in the early 1970s. He was right—for a time. output did, in fact, decline for several decades.

Oil 130
article thumbnail

Ninth Circuit Vacates EPA Rule Excepting Oil and Gas Construction Discharges from NPDES Permitting

The Energy Law

By Claire Bienvenu On May 23, 2008, the Ninth Circuit vacated EPA’s rule exempting discharges of sediment resulting from oil and gas construction activities from National Pollutant Discharge Elimination System (NPDES) permit requirements. 06-73217 (9th Cir.

Gas 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supreme Court of Pennsylvania Weighs in on Hydraulic Fracturing and Subsurface Trespass

The Energy Law

The first is a 2008 Texas Supreme Court decision in which the court framed the issue as “whether subsurface hydraulic fracturing of a natural gas well that extends into another’s property is a trespass for which the value of gas drained as a result may be recovered as damages.” [2] 6] Briggs , 2020 WL 355911 at p. *5.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. 2008-N07 was subsequently replaced in 2016 by the controversial NTL No. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No. 2003-N06, which was itself replaced by NTL No.

article thumbnail

Who Owns the Empty Space? Texas Supreme Court Affirms Surface Ownership of Salt Caverns in Landmark Ruling

Producer's Edge

" In 2008, USM acquired from Texas Brine Company "all of [Texas Brine Company's] right, title and interest, in and to all of the salt and salt formations only" on the property. Anadarko E&P Onshore, LLC, 520 S.W.3d West, 508 S.W.2d 2d 812, 815 (Tex. " • In Lightning Oil Co. 3d 39, 49 (Tex.

Royalty 52
article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. 2008-N07 was subsequently replaced in 2016 by the controversial NTL No. This first of such NTLs, NTL No. 98-18N, was replaced by NTL No. 2003-N06, which was itself replaced by NTL No.

article thumbnail

CME Group’s Sammann optimistic amid market volatility

SmartBrief

And the so what is so customers are adapting, and customers are responding, as I said, very differently than post 2020, and post 2008 2009 they’re responding with known, deterministic market regulatory behavior on exchanges. But you have to then ask the question, disruptive commodities markets.