Remove 2017 Remove Casing Remove IT
article thumbnail

Plain Language Meets Common Sense: Hidden Traps in Oil Patch Contract Interpretation

Producer's Edge

In this case, geophysicist Thomas Sewak was hired by Sutherland Energy Co., Sewak continued providing services through early 2017 and was offered the opportunity to participate in four wells drilled by SEC from 2015 to 2017; Sewak elected to participate in two. LLC ("SEC") to perform geophysical and prospecting services.

Oil 52
article thumbnail

Don’t cancel or coddle at-risk capital projects—challenge them

McKinsey

Findings from economic geographer Bent Flyvbjerg, editor of The Oxford Handbook of Megaproject Management (Oxford University Press, June 2017), confirm a stark reality: Out of a database of 16,000 projects, only 8.5 The goal is to confirm early-stage project readiness, technical design validity, and business-case credibility.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. million fundraise comprising a £9.8 million Placing and £0.7 million at the Issue Price of 3.0

Energy 130
article thumbnail

Trump's nuclear power push weakens regulator and poses safety risks, former officials warn

CNBC: Energy

Two reactors in South Carolina were canceled in the middle of construction in 2017 due to cost overruns. Slashing regulations Trump's executive order seems more focused on approving reactors fast than safety, said Stephen Burns, who chaired the NRC from 2015 to 2017.

Finance 82
article thumbnail

Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline

The Energy Law

In compliance with that obligation, MRC created a drilling schedule listing June 2, 2017 as the spud date of a new well based on its belief that the deadline to spud that well was June 19, 2017. The actual deadline, however, was May 21, 2017. MRC Permian Company , — S.W.3d 21-0461, 2023 WL 3028100 (Tex.

Spud-in 98
article thumbnail

United States Fifth Circuit Weighs in on La. R.S. 30:103.1 and 103.2 Notice Requirements

The Energy Law

Kelly moved for partial summary judgment against Aethon, citing a December 15, 2017 letter and April 17, 2018 letter as satisfying the requirements of La. The district court made this ruling despite the fact that the December 15, 2017 letter closely tracked the language of La. respectively. because it did not expressly cite La.

article thumbnail

New creditors’ battle emerges in Citgo auction reboot

Oil & Gas 360º

The complex auction meant to repay 18 creditors for debt defaults and expropriations by Venezuela and state oil company PDVSA was relaunched in January after a year-long bidding process ended in shambles amid arguments over Citgos worth and parallel legal cases. BONDHOLDER ISSUES The Red Tree $3.7

Casing 130