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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.
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.
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.,
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.
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.
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]
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]
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. For more information on carbon capture and section 45Q tax credits, see here , here and here.
The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities. Trans Energy, Inc. , 14-117 (N.D.W.Va.),
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]
After failed attempts to expand the scope of the Jones Act’s prohibition on activities by non-coastwise endorsed vessels in 2009 and 2017, CBP recently published a notice of proposed modification and revocation of certain ruling letters interpreting the Jones Act ( see [link] ).
This case presents two critical questions: Who owns subsurface caverns created by salt mining operations, and How should in-kind royalties be calculated for salt production? Anadarko E&P Onshore, LLC , 520 S.W.3d The case was Myers-Woodward v. Underground Services Markham. Part I: The Battle Over Subsurface Storage Rights A.
Bradford, New IRS Guidance on Obtaining Refunds for Net Operating Loss Carrybacks, Corporate AMT Carryforward Credits and Filing Amended Returns for Partnerships ( the “ Prior Blog Post ”). [1] Individual Income Tax Return ( “ Form 1040-X ” ) will be processed when normal IRS operations resume.
This decision is likely to have far-reaching consequences for Louisiana legacy litigation, where courts have seen a recent uptick in claims by landowner-plaintiffs brought under the citizen suit provision of Louisiana Revised Statute 30:16, seeking to have their property remediated due to alleged contamination by historical oil and gas operations.
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.
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. Anadarko E&P Onshore, LLC, 520 S.W.3d Anadarko E&P Onshore, LLC, 520 S.W.3d
As part of this agreement, the new owner will be required to ensure its newly-acquired vapor control systems are: (1) designed to handle maximum and minimum system pressures based on production, and (2) operated and maintained in a manner that prevents excess emissions. On March 29, 2019, the U.S.
This decision is likely to have far-reaching consequences for Louisiana legacy litigation, where courts have seen a recent uptick in claims by landowner-plaintiffs brought under the citizen suit provision of Louisiana Revised Statute 30:16, seeking to have their property remediated due to alleged contamination by historical oil and gas operations.
times their average monthly payroll to meet certain defined short-term operational cashflow needs up to $10 million. The EPSL benefit is 80 hours of pay that is subject to caps based on the reason for leave. The first two weeks of this leave are unpaid, but eligible employees can take their EPSL pay during these two weeks.
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] Bayou Bridge Pipeline, LLC 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] Bayou Bridge Pipeline, LLC v.
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. Otherwise, the leases would terminate. All of the provisions.
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. Otherwise, the leases would terminate. All of the provisions.
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. Flat River Farms, L.L.C. , Flat River Farms, L.L.C. , 12] In its analysis, the Court first looked to the pertinent language of La.
2] Goodyear Dunlop Tires Operations, S.A. Can targeted advertising establish general jurisdiction over a foreign corporation? The Fifth Circuit had not addressed this issue until Frank v. P N K (Lake Charles) L.L.C., 18-31060, 2020 WL 288213 (5th Cir. The plaintiffs appealed. [1] Basically, PNK had “an ongoing promotional campaign.
Those provisions include the following four significant changes to the business tax provisions contained in the 2017 Tax Cuts and Jobs Act. Taxpayers intending to take advantage of the expanded use of NOLs per the CARES Act should consider the impact on other changes in the tax law brought about by TCJA 2017.
It is roughly the same price Intel paid to take Mobileye over in 2017. Elon Musk is all over the news these days for reasons that have nothing to do with investing. Musk said that Tesla’s future, and in his opinion everyone’s future, lies in two innovations: autonomous vehicles and autonomous humanoid robots.
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]
If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds. 8716, published February 9, 2021. 16 U.S.C. §
If incidental takes are actionable under the MBTA, this raises possible MBTA liability in a variety of industries (such as wind projects, petroleum refineries, and other energy and infrastructure projects) whose normal day-to-day operations can have unintentional effects on migratory birds. 8716, published February 9, 2021. 16 U.S.C. §
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