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

The Energy Law

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.

Spud-in 98
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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
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United States Fifth Circuit Weighs in on La. R.S. 30:103.1 and 103.2 Notice Requirements

The Energy Law

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.,

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Plaintiffs and Defendants Jointly Choose First Cases for Trial in Plaquemines Parish Coastal Zone Management Act Litigation

The Energy Law

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.

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

Oil & Gas 360º

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

Energy 130
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The Permian is not done yet

Oil & Gas 360º

(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.

Barrel 130
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Strong Dissent Warns of “Devastating Economic Repercussions” of Second Circuit’s Decision in Oil & Gas Case

The Energy Law

[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.,

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