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Kimmeridge estimates that the Montney shale has a lifespan of 22 years based on what the investment firm calls front-end inventory duration and the 2023 recycle ratio for North America. This is quite appealing for those E&Ps looking for long-term sustainable oil and especially gas production.
Skip to main content Seizing the agentic AI advantage June 13, 2025 | Report A CEO playbook to solve the gen AI paradox and unlock scalable impact with AI agents. (28 28 pages) At a glance Nearly eight in ten companies report using gen AIâyet just as many report no significant bottom-line impact. This shift enables far more than efficiency.
On October 30, 2023, the U.S. Flint 1 applied to the case at hand, barring claimants from recovering economic damages for deferred oil production. This case required a complex analysis of Robins Dry Dock due to separate entities, under claimants’ parent company, owning the pipeline, and leasing the wells and platforms.
19, 2023) (“ D.C. Part I of this blog covers some basics about state and federal courts, explaining why the jurisdictional question of where a case will be decided is often contested. Federal Court “Removal” is the name for the process when a party transfers a case originally filed in a state court to a federal court.
Under this doctrine, “a court may decline to exercise its jurisdiction and dismiss a case that is otherwise properly before it so that the case can be adjudicated in another forum.” This is the analysis the Court applied in the instant case of Noble House LLC v. To date, Underwriters have not denied coverage.
private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Anadarko Basin operations are primarily in Oklahoma (SCOOP/STACK plays), with some assets extending into southern Kansas and the Texas Panhandle in the case of Mach.
What started in 2020 as a proposed joint rulemaking between the DOI’s Bureau of Safety and Environmental Enforcement (“BSEE”) and Bureau of Ocean Energy Management (“BOEM”) was recently finalized as a stand-alone BSEE rule addressing decommissioning. 250.1700, et seq. BSEE added a new paragraph (c) to 30 C.F.R.
On Friday, March 31, 2023, Representative Larry Bagley of Louisiana’s District 7 proposed amendments to Louisiana Revised Statutes § 30:10. As was the case in 2012, this proposed amendment would also extend this direct payment requirement to any overriding royalty interests burdening the nonparticipating owner’s lease.
Vertice management said that the acquisition enhances Vertices’ ability “to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets.” It’s been a momentous 2025 for the wireline niche. April brought two big moves.
On May 17, 2023, the United States District Court for the District of Massachusetts dismissed plaintiffs’ challenges to the Vineyard Wind Project—the United States’s first major offshore wind project. Multiple environmental impact statements and ESA consultations have a occurred in conjunction with the project.
21-0146, 2023 WL 2053175 (Tex. 17, 2023), in which it re-affirmed the axiomatic principle that a text retains the same meaning in the present day as when it was drafted. In support of that notion, the Court cited the 1957 Texas Supreme Court case Garrett v. The Texas Supreme Court recently released its opinion in Van Dyke v.
On September 8, 2023, EPA and the U.S. The final rule additionally does not clarify the phrase “relatively permanent” in the rule, signaling that such decisions will likely be made on a case-by-case basis by the local Army Corps district. The final rule revises the agency regulations in light of the U.S.
3d , 2023 WL 526075, the Louisiana Supreme Court rejected a writ of mandamus that would have compelled the LDNR to satisfy a $4.7 The Court distinguished those cases, pointing to constitutional and statutory provisions that mandate appropriation under those specific circumstances. In Crooks v. 1/1/23), So.
On June 15, 2023, the United States Court of Appeals for the Fifth Circuit held that the State of Louisiana lacked standing to challenge the National Marine Fisheries Service (NMFS) Final Rule requiring certain shrimping vessels in Louisiana waters to use turtle excluder devices (TEDs).
On December 4, 2023, in Marquette Transportation Co. 1 the Court of Appeals for the Fifth Circuit held that state law—and specifically in this case, Louisiana law—governs the applicable negligence standard and burden of proof for a pilot’s error. On January 3, 2019, the M/V STRANDJA and the M/V KIEFFER E. The KIEFFER E.
As of June 2023, 146 countries have ratified or adopted the International Maritime Organization’s (“IMO”) International Convention on Civil Liability for Oil Pollution Damage, 1992 (the “CLC”). The greater of $2,500 per gross ton or $21,521,300 CLC 92 Vessel Size 2023 Limit of Liability 3 <5,000/GRT 4.51 <3,000/GRT 2.
This particular species of lease washouts is based on two recent cases from the El Paso Court of Appeals – Cimarex Energy Co. Anadarko E & P Onshore, LLC, 676 S.W.3d —El Paso, 2023 pet. Anadarko E& P Onshore, LLC, no. In a similar case, Cromwell v. Anadarko Petroleum Corp., 3d 73, 93 (Tex.
The Louisiana Legislature’s 2023 Regular Session begins on April 10th, and last Friday, Louisiana Senator Allain of District 21 filed SB 154 proposing to enact a statutory framework directly governing the rights and obligations of parties to renewable energy leases. 122); The lessee of a renewable energy lease would be “bound to.
In this case, Tongli Shipping Pte. On June 2, the U.S. Court of Appeals for the Third Circuit analyzed what constitutes a prima facie maritime claim sufficient to support attachment of property under Rule B of the Supplemental Rules of Admiralty of the Federal Rules of Civil Procedure. Bunge appealed.
On January 27, 2023, the Louisiana Supreme Court issued a ruling involving claims for negligent infliction of emotional distress (“NIED”) absent physical damage. In Spencer v. Valero Refining Meraux, LLC , 2022-00469 (La. 1/27/23), — So.
On December 18, 2023, the U.S. United States , Case No. In this case, the parties’ ten-year conflict centered on USACE’s attempts to assert CWA jurisdiction over “wetlands” on the subject property throughout the shifting regulatory landscape that attempted to apply that test. Supreme Court’s Sackett v. In Lewis v.
Produced water—a substance traditionally considered to be a useless byproduct of fracing—has recently become a valuable product that can be treated and sold to operators for drilling. As background, many areas in Texas contain shale formations that are dense and have poor permeability. But more than minerals are released.
21-0461, 2023 WL 3028100 (Tex. 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. In Point Energy Partners Permian, LLC v. MRC Permian Company , — S.W.3d
The advantage for minerals firms is that they have no investment in equipment or drilling costs, as do E&Ps. The challenge is that they must still do geological research on formations, and then predict where the E&P is planning to drill. Click here to listen to the Audio verison of this story!
20-0904, 2023 WL 2438927 (Tex. 2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d 2d 118 (Tex.
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.
The Fifth Circuit agreed with the lower court that state statutes and case law characterize SRA-L as an arm of the state; but caveated that the factor was restricted and “given the inconsistent descriptions in the same statutes and the lack of a more-definite characterization in either statute or case law.” [7]
On December 16, 2022, Congress passed the National Defense Authorization Act of 2023 which contains a material expansion of the United States Maritime Administration’s Capital Construction Fund Program. The Capital Construction Fund (“CCF”) program is designed to encourage owners of U.S. flagged vessels by offering tax incentives to do so.
In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.
In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.
10] While the rule does not specify whether the new limits apply retroactively to oil spills that occur before the effective date, case law indicates that the change will be prospective only. [11] First, the Coast Guard announced [1] increases to the liability limits in the Oil Pollution Act of 1990 (“OPA”). [2]
On June 16, 2023, the Supreme Court of Texas released the plurality opinion in Sarah Gregory and New Prime, Inc. 21-0017, 2023 WL 4035886 (Tex. June 16, 2023). This case arises from a fatal accident on an icy, unlit stretch of highway near Amarillo, Texas. Jaswinder Chohan, et al. , __ S.W.3d Prac. & Rem.
3:19-CV-238, 2023 WL 113740 (S.D. 5, 2023). [2] 1] Mr. Reed’s widow, Jana, named both Maersk and the Maersk Idaho in her suit, which alleged that the vessel violated 33 C.F.R. She contended that these violations triggered The Pennsylvania Rule and made the actions of the vessel negligence per se. 1] Jana Reed, et al.,
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). Elon Musk is all over the news these days for reasons that have nothing to do with investing. It’s a self-driving wolf.” It is, because its a brand-new thing.
21-454 (May 25, 2023) is a landmark ruling in environmental law interpreting the scope of water bodies covered by the Clean Water Act (CWA) – an issue that has been debated by courts, presidential administrations, and federal agencies for decades. Supreme Court decision in Sackett v. United States , 547 U.S.
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