Remove 2017 Remove E&A Remove Operator
article thumbnail

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
article thumbnail

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. 11, 2022), provides further guidance on what must be contained in correspondence from parties making demand on an operator under La. Kelly Land Company, L.L.C.

Insiders

Sign Up for our Newsletter

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

article thumbnail

CanCambria Energy Corp. announces changes to management team and board

Oil & Gas 360º

Mr. Piet Van Assche will be promoted internally to Chief Operating Officer while maintaining his current role as Managing Director of Hungary. Cornelius commented: Founding CanCambria as an international unconventional resource E&P company has been one of the highlights of my career. Pierce was CEO and Director of TAG Oil Ltd.,

article thumbnail

With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

Another significant issue that will have to be addressed is the liability of operators and lessees or rights holders for potential leaks from offshore CCS projects. However, the DOI’s proposed implementing regulations authorized by the IIJA have yet to be issued for public comment.

Offshore 105
article thumbnail

New IRS Guidance on Obtaining Refunds for Net Operating Loss Carrybacks, Corporate AMT Carryforward Credits and Filing Amended Returns for Partnerships

The Energy Law

116-136, enacted modifications to the rules for the use of net operating losses (“ NOLs ”) and corporate alternative minimum tax carryforward credits (“ AMT Carryforward Credits ”) for tax years beginning after December 31, 2017 and before January 1, 2021.

article thumbnail

United States Western District of Louisiana Issues Opinion on Notice Required Under La. R.S. 30:103.1 and 103.2 to State a Plausible Claim for Relief

The Energy Law

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. J-W Operating Co. [2]

article thumbnail

United States Western District of Louisiana Issues Opinion on Notice Required Under La. R.S. 30:103.1 and 103.2 to State a Plausible Claim for Relief

The Energy Law

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. J-W Operating Co. [2]