Remove Casing Remove Downstream Remove Exploration and Production
article thumbnail

The new tariff reality: From risk to resilience

McKinsey

The second guest is Liz Hempel , a partner and leader of the firm’s product development and procurement work for industrial clients. Partner Riccardo Drentin  joins us from Jakarta, where he co-heads McKinsey’s Procurement and Product Development division in Asia–Pacific. There have been lots of use cases.

article thumbnail

Fasken v. Puig – Another Post-Production Cost Case

Oil and Gas Lawyer

Fasken operates wells on the property; the Puig descendants sued Fasken for deducting post-production costs from their royalty. The trial court agreed with Puig, and the court of appeals affirmed, in a well-reasoned opinion relying on the Supreme Court’s opinion in Chesapeake Exploration v. Hyder , 483 S.W.3d 3d 870 (Tex.

Casing 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

From Vision to Action: PRC Europe 2025 Sparks Industry Transformation

Oil & Gas 360º

(Oil & Gas 360) – The energy epicentre of Europe shifted to Milan on 19-21 May as PRC Europe 2025 brought together the leaders from the downstream sector. Our industry stands at the crossroads of transformation, and it is our shared commitment to innovation and sustainability that define the next chapter for downstream in Europe.

article thumbnail

Trudging the Rocky Landscape of Royalty Dispute Litigation with the Texas Supreme Court Yet Again in BlueStone

The Energy Law

With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. One aspect of royalties that gets a significant amount of attention from Texas royalty owners is post-production costs. Heritage Resources , 939 S.W.2d 2d at 120-21. Heritage Resources , 939 S.W.2d

Royalty 52
article thumbnail

Five Lessons Learned from Executing Shale Drilling Transactions

The Energy Law

In these cases, when designing the drilling and earning transaction, consider packaging one or more conventional formations with an unconventional shale formation to create a designated “earning zone”. Many carry provisions end when the Earning Well is completed as a well is capable of producing hydrocarbons.

article thumbnail

Powering AI/ML with MDIO seismic streaming from the OSDU® Data Platform

AWS: Energy (Oil & Gas)

Seismic data is crucial for exploration and production activities in the oil and gas sector, because it provides valuable insights into the subsurface geological structures and potential hydrocarbon reservoirs. The TGS Imaging AnyWare processing software manages the ML models from testing to production by using its HPC environment.

article thumbnail

Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.

Oil 52