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Fasken operates wells on the property; the Puig descendants sued Fasken for deducting post-production costs from their royalty. The trial court agreed with Puig, and the court of appeals affirmed, in a well-reasoned opinion relying on the Supreme Court’s opinion in Chesapeake Exploration v. Hyder , 483 S.W.3d 3d 870 (Tex.
About Ron Gusek Ron Gusek is the CEO of Liberty Energy, after serving as President since November 2016. in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs.
BlueStone primes the Court to resolve a Texas appellate court split regarding whether a lease provision requiring royalties to be paid based on “gross” profits or value received from the sale of oil and gas production nullifies an “at the well” valuation point elsewhere in a lease. Heritage Resources , 939 S.W.2d 2d at 120-21.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.
If they cannot, firms might instead reduce purchases, replace imported products with something similar, or ramp up domestic production. Major products like laptops, smartphones, and toys are harder to rearrange. Shifts across many thousands of products will reshape the geometry of global trade. Granularity is key.
These and many other improvements in our lives have been driven by a set of scientific discoveries and products engineered based on those breakthroughs. Even as science advances, R&D productivity is on the wane By many metrics, and in many fields, each dollar spent on R&D has been buying less innovation over time. 6 Jack W.
Resources across energy and mining could see substantial downstream effects. Explore MGI research on Geopolitics and the Geometry of Global Trade About that grinding sound youâve been hearing: Not to alarm you, but thatâs the tectonic plates of global trade shifting. Businesses can get ahead of changing trade dynamics.
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