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That title reminded us that, to E&P executives, the commodity price crash at the onset of the pandemic in 2020 must have seemed like the final blow in a series of financial crises that brought many of their companies to the verge of bankruptcy.
In this blog, we introduce the new ERCOT Power and Renewables Forecast Model with Enverus proprietary inputs, a game-changer designed to tackle these challenges and deliver superior accuracy for energy market participants. These enhancements make the model a powerful tool for navigating the complexities of Texas’ energy market.
There’s been a surge in E&P interest in the Utica Shale’s volatile oil window the past couple of years, and EOG Resources has been particularly optimistic about its potential for producing large volumes of condensate, the lightest of superlight crude oils. billion, including the assumption of EAP’s debt.
Anadarko E&P Onshore, LLC (No. Cromwell and Anadarko E&P Onshore, LLC are oil-and-gas co-tenants, both owning shares of the working interest on the same land in Loving County, Texas. In Cromwell v. ” David W. ” David W. Cromwell entered into two leases and sent copies to Anadarko.
Over the past month, E&P executives have addressed shareholder and analyst concerns amid the murkiest market conditions since the onset of the pandemic in Q1 2020.
The likelihood that hydrocarbon demand will continue to grow throughout this decade has reinforced the importance of E&P companies adding to their proved oil and gas reserves. In todays RBN blog, we analyze crucial trends from the 2024 reserve reporting of the major U.S. oil and gas producers.
Serious concerns about higher costs and lower demand have left the E&P sector in a delicate position since the implementation of new U.S. In todays RBN blog, well explore the impact of the 2024 acquisitions and commodity pricing on E&P debt and discuss the expected response to protect balance sheets.
As the clock approached midnight on December 31, E&P managements and shareholders likely clinked champagne flutes to celebrate a remarkable four years of prosperity for an industry that had been nearly shattered by two decades of periodic financial crisis. In todays RBN blog, well review the cash-allocation strategies used by U.S.
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. In McDaniel v R.J.’s s Transportation, LLC , —- So.3d In McDaniel v R.J.’s s Transportation, LLC , —- So.3d
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. In McDaniel v R.J.’s s Transportation, LLC , —- So.3d In McDaniel v R.J.’s s Transportation, LLC , —- So.3d
The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. See our previous blog entry on the proposed rule redefining the “waters of the United States” covered by the Clean Water Act. Trans Energy, Inc. , 14-117 (N.D.W.Va.),
By using this blog site you understand and acknowledge that there is no attorney client relationship formed between you and Liskow & Lewis and/or the individual Liskow & Lewis lawyers posting to this site by virtue of your using this site.
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells. Well Eligibility.
Exxon ”), at p. 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. Part II summarizes the jurisdictional analysis in D.C. Part I – Fighting About the Forum: State v. Only the court is different. Different jury pool.
The following blog is distilled from Intelligence Research (EIR) publications and EIRs very own Andrew Dittmars media statements on the Diamondback acquisition. Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] million per location. [2] million per location. [2]
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. Property of the defendant within the district is then subject to seizure. Bunge appealed.
Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources. Investment opportunities in this area include direct investment in E&P companies, partnerships, and joint ventures.
El Paso E & P Co. , El Paso E & P Co. , By using this blog site you understand and acknowledge that there is no attorney client relationship formed between you and Liskow & Lewis and/or the individual Liskow & Lewis lawyers posting to this site by virtue of your using this site. 2d 640, 641-43 (W.D.
On October 18, 2023, the EPA published a Supplemental Notice of Proposed Rulemaking (“SNPR”) regarding incidental discharges from vessels, proposing national performance standards under the Vessel Incidental Discharge Act (“VIDA”). It also requires the U.S. The USCG will then have two years to develop and finalize corresponding regulations.
Read our previous blog entry on this decision here. By Lesley Foxhall Pietras On October 5, 2012, EPA filed a petition for en banc rehearing of the D.C. Circuit’s August 21, 2012 panel decision vacating EPA’s Cross-State Air Pollution Rule (CSAPR). In its petition, EPA argues that the panel’s FIP holding conflicts with other D.C.
3] In Crescent , litigation ensued after Crescent’s employee suffered injuries while conducting P&A work on a platform. Turning to the first prong of the Doiron test, the court needed to determine whether P&A work constituted “services to facilitate drilling or production.” Carrizo Oil & Gas, Inc. [3]
2003) (“the regulations govern the parties’ joint and several liabilities vis-à-vis the Government not amongst themselves”) and Total E&P USA, Inc. Sojitz Energy Venture, Inc. Union Oil Co. of California , 394 F. 3d 687 (S.D. UNOCAL assigned operating rights in the leases to ATP, who later assigned 20% of those rights to Sojitz.
The Simmons Court followed this line of jurisprudence and found the “written off” amount under the state workers’ compensation act was a “phantom charge that [p]laintiff has not ever paid nor one he will ever be obligated to pay.” Simmons , 2018-0735, p. Cornerstone Investments, LLC, et al. 2018-CC-0735 (La. Simmons at 3-4.
By Robert E. See Lesley Foxhall Pietras , Air Permitting: Sixth Circuit Vacates Single Stationary Source Aggregation Determination for E&P Facilities Due to EPA’s Unreasonable Interpretation of Adjacent , The Energy Law Blog, Aug. Holden and Carlos J. 7412 (n)(4)(A).Section 63.761 (definition of “major source”). .
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] 1] The dispute in Gloria’s Ranch, L.L.C. Tauren Exploration, Inc.
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.
In January of this year, the Supreme Court of Pennsylvania tackled an issue that has been confronted by few other courts—whether the rule of capture precludes a claim for subsurface trespass due to hydraulic fracturing. [1] 2] Both the trial court and the appellate court awarded damages to the plaintiffs for the gas drained.
Below we take a closer look at each category of lawsuits and provide an update on where they stand today. The states of New York and Massachusetts, through their Attorney General, each filed a suit against Exxon Mobil Corporation asserting investor fraud related claims. In the New York litigation, ExxonMobil successfully defended itself last month.
For more information on these CARES Act topics see our prior newsletter here. Expanded Definition of Qualified Individual IRS Notice 2020-50 expands the CARES Act definition of a qualified individual who is eligible for CRDs, loans, and loan payment suspension.
Amidst historically low oil prices and economic shutdowns, fossil fuel companies continue to defend against lawsuits brought by state and local governments claiming climate-change related damages. 1442(a)(1). In City of Oakland et al. 1442(a)(1). 1442(a)(1).
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
Procedural History The case was originally tried in a forty-one day bench trial by Judge John P. On March 29, 2018, the United States Court of Appeals for the Third Circuit issued its ruling in In re: Petition of Frescati Shipping Co., as Owner of the M/T ATHOS I , Nos. 16-3552, 16-3867 & 16-3868 (3d Cir. 2701, et seq.
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
From the moment your alarm on your cell phone goes off in the morning, to using your battery-powered toothbrush, to reading this blog post on your laptop or tablet, lithium makes it all work. As a key component of most batteries, lithium is ubiquitous in our daily lives.
Department of State and TC Energy, but The Energy Law Blog has not yet received a response. 2016 Notice of Intent at p. TC Energy Corporation stated that it filed a notice of intent with the U.S. Department of State that it will make a claim against the U.S. under the North American Free Trade Agreement (NAFTA).
Further, unsubstantiated arguments to the jury, such as comparisons of mental anguish to the cost of a fighter jet, a work of art, or miles driven by a defendant’s vehicles, are improper and lack a connection to the actual mental anguish claimed. This case arises from a fatal accident on an icy, unlit stretch of highway near Amarillo, Texas.
A Regulatory Increase to the Limits of Liability for Oil Pollution and an Amendment Exempting Small Passenger Vessels from the Limitation of Liability Act Present New Challenges for Vessel Owners U.S. First, the Coast Guard announced [1] increases to the liability limits in the Oil Pollution Act of 1990 (“OPA”). [2]
P N K (Lake Charles) L.L.C., Can targeted advertising establish general jurisdiction over a foreign corporation? The Fifth Circuit had not addressed this issue until Frank v. 18-31060, 2020 WL 288213 (5th Cir. But in so doing, the court may have announced a new jurisdictional test with significant ramifications for future cases.
The recent shift to real-time data acquisition and monitoring has refined this process, allowing engineers to adjust dynamically as new information becomes available. This historical trajectory demonstrates a clear pattern: with each wave of technology, reservoir engineering has become more data-driven, precise, and integral to asset performance.
Bradford and Jeffrey P. The following blog post walks through another round of changes to the Internal Revenue Code (“IRC”) contained in the CARES Act. On Friday, March 27, 2020, President Trump signed into law the CARES Act, which contains many provisions designed to mitigate the impact of the Coronavirus pandemic.
President Trumps inauguration has pushed a flurry of policy changes, including exhortations to the E&P industry to boost U.S. E&Ps we cover is forecast to drift slightly lower from 2024 levels as they continue to eschew growth in favor of maximizing cash flows and shareholder returns. oil and gas output dramatically.
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