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Part 1 of the article appears in the 2017 Spring, volume 36, no. 1 edition, while part 2 will follow in the 2017 Summer edition. Click here to view the article as prepared for the RMMLF Institute.
million in common shares of Tourmaline Taken together, the disposed assets generated $149 million of operating earnings in 2024 (12% of total Strathcona YE 2024 operating earnings, excluding interest and other corporate items) and had a YE 2024 proved PV-10 before-tax of approximately $2.3 Tourmaline) for $291.5
The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. That $62 per barrel break-even price in Midland is up from $46 in 2017. Operating costs are not yet high enough to threaten existing wells, plenty of which are profitable at current prices. Problem is, the best spots are running out.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 This raises the question of whats next for the big operators in the top shale play in North America. Of these 18, a handful are the really big players, including Exxon, Chevron, Occidental Petroleum, Diamondback Energy, and EOG. million barrels daily.
The Khor Mor plant operated by the companies provides the fuel for around 75% of the KRI's electricity generation, enabling affordable power for more than 6 million Iraqis in the KRI and other governorates of Iraq. billion, the operations have created more than 20,000 direct and indirect jobs in the region.
Rozel Operating Company, et al. Equitable Petroleum Corporation, et al. The first five Plaquemines Parish Coastal Zone Management Act (“CZMA”) cases to be set for trial have been chosen. The Plaintiffs selected Parish of Plaquemines v. Parish of Plaquemines v. ConocoPhillips Company, et al. , and Parish of Plaquemines v.
The Parish of Plaquemines amended its petitions in two of the Coastal Zone Management Act (“CZMA”) cases on June 19, 2017. Rozel Operating Co., Equitable Petroleum Corporation, et al. In response to the Court’s Judgments, Plaquemines Parish filed amended petitions for damages on June 19, 2017 in both Rozel and Equitable.
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.
Boiling operations down to the number of steps required for every service line that create an environment of 99.5 Halliburtons people and operations impressed him deeply. Macondo and Later After Baroid, Miller ran Gulf of Mexico operations for Halliburton for a year, which coincided with the Macondo/Deepwater Horizon episode.
Flex fuel vehicles can operate on a gasoline-ethanol mixture with an ethanol percentage as high as 83 percent. The public comment period on the proposed rule ends January 17, 2017, though it is currently unclear how these regulations will be impacted by changes to current EPA leadership as result of the recent election.
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.
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. That was formed in 1977 under the name National Nigeria Petroleum Company. How did this happen? Nigeria joined OPEC in 1971 before it even had its own state oil company.
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.
s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Canada border in Montana. Constitution. Gulf Coast.
s March 2019 permit to construct and operate cross-border pipeline facilities at the U.S.-Canada The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Section 6 of the Order revoked TransCanada Keystone Pipeline, L.P.’s
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.
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. CITGO Petroleum Corp. , Evans , 952 F.2d
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. CITGO Petroleum Corp. , Evans , 952 F.2d
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