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2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The actual deadline, however, was May 21, 2017. MRC Permian Company , — S.W.3d 21-0461, 2023 WL 3028100 (Tex.
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.
Aethon Energy Operating, L.L.C. , 11, 2022), provides further guidance on what must be contained in correspondence from parties making demand on an operator under La. 30:9(B) in which Aethon Energy Operating, L.L.C. Aethon”) was the designated operator. Kelly Land Company, L.L.C. 4th 369 (5th Cir. Kelly Land Co.,
The first five Plaquemines Parish Coastal Zone Management Act (“CZMA”) cases to be set for trial have been chosen. Rozel Operating Company, et al. The Plaintiffs selected Parish of Plaquemines v. Parish of Plaquemines v. ConocoPhillips Company, et al. , and Parish of Plaquemines v. Hilcorp Energy Company, et al.
based oil sector investor (the ‘Investor’) to accelerate growth through the drilling activity in Zephyr’s Williston Basin non-operated asset portfolio. Zephyr’s flagship asset is an operated 46,000-acre leaseholding located in the Paradox Basin, Utah. basins; A US$100 million commitment from a major U.S.-based
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Yet, while many assume that a peak is inevitably followed by a decline, this will not be the case in the Permian. This raises the question of whats next for the big operators in the top shale play in North America. million barrels daily.
[T]he opinion will have a most chilling effect on the financing of oil and gas operations, which in turn will have an adverse economic effect on government and business in our state. The defendants will have until September 7, 2017 to seek a writ from the Louisiana Supreme Court. Chief Judge Henry Brown, Jr.,
The Parish of Plaquemines amended its petitions in two of the Coastal Zone Management Act (“CZMA”) cases on June 19, 2017. Prior to the amendment of the petitions, Judge Clement sustained Defendants’ Exceptions of Vagueness in the two cases, namely: The Parish of Plaquemines v. Rozel Operating Co.,
On April 4, 2017 , a federal district court dismissed a citizen-enforcement action under the Resource Conservation and Recovery Act that could have profound impact on fracking suits against the oil and gas industry. Defendants Chesapeake Operating, LLC, Devon Energy Production Co., In Sierra Club v.
Prudential Regulators [1] and the European Supervisory Authorities (“ ESAs ”) [2] have offered limited relief from or guidance for relaxed enforcement of variation margin requirements for non-cleared swaps that take effect March 1, 2017. Prudential Regulator and ESA Regulatory Guidance The Prudential Regulators, which regulate many U.S.
The Texas Supreme Court heard oral arguments last week in a case that could substantially clarify, or even fundamentally reshape, the characterization and ownership of underground storage rights in Texas. The case was Myers-Woodward v. The case remains pending before the Texas Supreme Court on petition for review.
There are few cases interpreting these statutes. However, the existing authority recognizes that even if an operator fails to comply with such reporting requirements, an unleased owner must provide sufficient notice under La. The Plaintiff sued the operator of the Unit Well claiming entitlement to the forfeiture penalty under La.
There are few cases interpreting these statutes. However, the existing authority recognizes that even if an operator fails to comply with such reporting requirements, an unleased owner must provide sufficient notice under La. The Plaintiff sued the operator of the Unit Well claiming entitlement to the forfeiture penalty under La.
million cruise passengers in 2017. Smith, gave an Interesting Speech OMSA is the national trade organization based in Louisiana for offshore service and supply vessel operators. The Port set a new record, topping 1.1 Mr. Smith discussed the Jones Act and its importance to their industry.
24, 2021), the United States Court of Appeals for the Fifth Circuit addressed a question that has increasingly become a sticking point in Louisiana “legacy” cases: whether claims brought under a Louisiana citizen suit provision for alleged violations of state environmental regulations can be heard in federal court. 2017-1144 (La.
On March 24, 2017, the Louisiana Supreme Court declined to consider the Louisiana Third Circuit Court of Appeal’s decision in XXI Oil & Gas v. that may be imposed against a unit operator, who fails to provide sufficient well cost reports. [2] 6] As to penalties, if an operator fails to provide adequate reporting under La.
The acid gas removal unit was installed by the owner of the methanol plant and placed in service on January 1, 2017, from which time the separated carbon dioxide was released into the atmosphere.
There are few cases interpreting these statutes. However, the existing authority recognizes that even if an operator fails to comply with such reporting requirements, an unleased owner must provide sufficient notice under La. The Plaintiff sued the operator of the Unit Well claiming entitlement to the forfeiture penalty under La.
May 16, 2025), the Texas Supreme Court resolved two significant issues affecting mineral owners and surface owners: (1) who owns the empty caverns created by salt mining operations, and (2) how to calculate royalty payments on produced salt. Swift Energy Operating, LLC, 622 S.W.3d Underground Services Markham, LLC, No. 3d 39, 49 (Tex.
24, 2021), the United States Court of Appeals for the Fifth Circuit addressed a question that has increasingly become a sticking point in Louisiana “legacy” cases: whether claims brought under a Louisiana citizen suit provision for alleged violations of state environmental regulations can be heard in federal court. 2017-1144 (La.
4] The Third Circuit found that Louisiana’s expropriation scheme which gives private owners and operators of pipelines authority to expropriate private property for the public good was not unconstitutional, as the system does not give private parties “unfettered discretion that violates due process.” [5] 7/15/20), 2020 WL 4001135, *2 n.
The most recent versions of the NWPs were reissued in 2012, and they will be valid for five years, until March 18, 2017. The Louisiana Department of Environmental Quality has issued water quality certification (PDF) for NWP-12 without conditions, but it will issue such certification for NWP-39 only on a case-by-case basis.
Tyrrell (May 30, 2017), declined to allow a personal injury plaintiff to sue a railroad company in a state in which the railroad does business but is not incorporated or headquartered. BNSF’s Montana operations generated “less than 10% of its total revenue.” The United States Supreme Court, in BNSF Railway Co. In BNSF Railway Co. ,
On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] 4] In 2007, Fossil Operating, Inc. Tauren Exploration, Inc.
Currently, most utilities across the United States are operating AMI 1.0. However, there are companies out there, such as Future Grid, that provide software that can extract all of these data points and provide insights that could impact your operations. What can I get out of an upgrade to AMI 2.0? How does Ubiiks solution work?
The contractors moved to dismiss the OCSLA charges on the basis that their conduct – as contractors – was not covered by OCSLA because they were not the lease holder or operator. As is customary for a typical oil and gas operation, Black Elk hired several contractors to perform various tasks on its platforms. United States v.
The Third Circuit found that Louisiana’s expropriation scheme which gives private owners and operators of pipelines authority to expropriate private property for the public good was not unconstitutional, as the system does not give private parties “unfettered discretion that violates due process.” [5] 7/15/20), 2020 WL 4001135, *2 n.
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. Notably, this new program is based on an audit policy agreement that EPA negotiated in 2017 with Range Resources, after it acquired numerous oil and gas assets in Louisiana.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The operator of Egina is China’s CNOOC: Chinese oil companies are expanding internationally, and Nigeria is one of the destinations, despite the challenges.
Oil and gas operator, Delaware Basin Resources LLC (DBR), entered into 13 leases with 13 mineral owners in February 2014, all of which were essentially the same. The leases also required DBR to commence drilling operations within the primary term of three years. described as follows: Section 6. and Section 2.”
When CEO Peter Zaffino took over in 2017, AIG faced significant challenges. The company streamlined operations, eliminated 1,200 legacy applications, modernized data infrastructure, and moved 80% of its systems to the cloud. REAL USE-CASES FOR AI When it comes right down to it, insurance is paperwork. Lemonade is the opposite.
Oil and gas operator, Delaware Basin Resources LLC (DBR), entered into 13 leases with 13 mineral owners in February 2014, all of which were essentially the same. The leases also required DBR to commence drilling operations within the primary term of three years. described as follows: Section 6. and Section 2.”
In Petro-Chem Operating Co., 1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. 21] Prior to spudding the well, the operator faced weather delays and was required to obtain a CUA permit. [22]
But in so doing, the court may have announced a new jurisdictional test with significant ramifications for future cases. So, the question on appeal was whether this was the “exceptional case” where personal jurisdiction could also be exercised in another state. 2] Goodyear Dunlop Tires Operations, S.A. 1549 (2017).
The graph includes data points for the years 2017, 2024, and two specific dates in 2025: April 2, when reciprocal tariffs were announced, and May 14, when Chinas reciprocal tariff was reduced to 10 percent. And at least in the case of the United States, where wages are high, it may not be economically viable in some sectors.
The OEM doesn’t design the whole car, and Arteris doesn’t design the whole chip, but they are a key piece of the final product (in this case the semiconductor). It is roughly the same price Intel paid to take Mobileye over in 2017. What they do is akin to an auto-OEM that only designs transmissions. Thats a hefty P/E.
Skip to main content Private real estate companies can ace the US student housing test June 26, 2025 | Article Alex Wolkomir   Jonathan Law Skomantas Pocius Aligning the needs of students, universities, and private real estate owners and operators can lead to long-term success in student housing. percent for student housing, 2.5
s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada A failure to make such a finding would grant the permit by operation of law. 7] When President Trump took office in January 2017, he promptly issued a Presidential Memorandum formally inviting TC to again re-submit its application. [8]
s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada A failure to make such a finding would grant the permit by operation of law. When President Trump took office in January 2017, he promptly issued a Presidential Memorandum formally inviting TC to again re-submit its application. [8]
Since 2017, economies have traded less with geopolitically distant partners. The unpredictability is forcing leaders to question long-held assumptions about where and how they operate. Some signs of such an evolution have been evident since 2017, as big trading economies have adapted to shifts in geopolitics.
On March 15, 2017, the BLM filed a motion to continue argument and hold in abeyance an appeal before the Tenth Circuit where the parties were contesting the validity of the BLM’s rule regulating “Oil and Gas; Hydraulic Fracturing on Federal and Indian Lands” (“BLM Fracking Rule”). Under the Obama Administration, the BLM appealed a U.S.
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