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Introducing the Enhanced ERCOT P&R Forecast Model We’re thrilled to announce the release of the new ERCOT P&R Forecast Model, now available to Short-Term P&R Forecast subscribers. In the case of the Biglake 69kV line, the new model forecasted a closer correlation to the benchmark flow compared to the original model.
Despite generally cautious investor sentiment on oil markets, the energy sector has had a strong start to 2025, rising 8% year-to-date, outperforming the S&P 500 index by around 10%, according to analysts at Morgan Stanley, in a note dated March 26. (Investing) –The U.S.
Large public E&Ps are consolidating premium inventory in core regions like the Permian, where high-quality assets are scarce and valuations are steep. In some cases, promising assets may remain unsold or be sold at a discount, limiting reinvestment potential. This concentration underscores a broader trend.
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. See 77 Fed. 10184 (Feb.
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. This case was handled by Paul Adkins in Liskow’s Baton Rouge office. In McDaniel v R.J.’s In McDaniel v R.J.’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. This case was handled by Paul Adkins in Liskow’s Baton Rouge office. In McDaniel v R.J.’s In McDaniel v R.J.’s
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. 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.
To scale impact in the agentic era, organizations must reset their AI transformation approaches from scattered initiatives to strategic programs; from use cases to business processes; from siloed AI teams to cross-functional transformation squads; and from experimentation to industrialized, scalable delivery.
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.
The EPA had argued that an operationally interdependent relationship (in the Summit case, spanning a 43-square mile area) was enough to find that pollutant-emitting activities were “adjacent.” For more on the Summit directive, see our previous blog entry here. An industry group brought suit in the D.C. See 40 C.F.R.
The complex auction meant to repay 18 creditors for debt defaults and expropriations by Venezuela and state oil company PDVSA was relaunched in January after a year-long bidding process ended in shambles amid arguments over Citgos worth and parallel legal cases. BONDHOLDER ISSUES The Red Tree $3.7
As is always the case, the March 2025 numbers are subject to updating and revision by the commission. (World Oil) –The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous months number. The overall figure also tied the level achieved in January.
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 Anadarko E& P Onshore, LLC, no. In a similar case, Cromwell v. In a similar case, Cromwell v. Anadarko Petroleum Corp.,
Yet, while many assume that a peak is inevitably followed by a decline, this will not be the case in the Permian. Going forward, growth is about to continue slowing, the analysts predicted, until production peaks at 7.7 million barrels daily in 2035. Output of crude oil in the play will plateau at 7.7
Wells Fargo and CIBC Capital Markets served as financial advisors and White & Case LLP served as legal counsel to Occidental. The DJ Basin presents some of the best operator economics in the US, and this acquisition positions us to capitalize on both near-term cash flow and long-term development potential.
Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource. The indicated annual rate is $4.08.
The Investor may elect to participate in opportunities at its discretion, on a case-by-case basis, after conducting its own financial and technical verification. With the publication of this announcement, this information is now considered to be in the public domain. “Transaction”).
In two companion cases, a panel of the United States Court of Appeals for the Ninth Circuit decided whether a federal district court could properly exercise jurisdiction over climate change suits brought against energy companies by cities and counties in California. In City of Oakland et al. BP PLC et al. 1442(a)(1).
for un-risked case. Full FDP results in capital expenditure from CHPE (2C case) of US$947.9 CanCambrias Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches. million, discounted at the same 10% rate.
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. Sources are cited in brackets. The company’s Oklahoma activity has been more modest relative to its Permian and Montney operations, but Ovintiv is still investing in the play.
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 results also suggest that there may be a substantial increase in our base case recoverable resources which could add tremendous value to the project over time. (the “Paradox project”).In the “Williston project”) as well as an update on business development activities in relation to the Williston project.
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. The court of appeal denied the plaintiff’s writ in a 2-1 decision. 14-2279(La.
As of today, three wells have been successfully drilled and cased, with the fourth currently being drilled. “We are encouraged to see continued strong progress across our operational and financial initiatives,” said Edward Kovalik, Chairman and CEO of Prairie.
In this case, Tongli Shipping Pte. Property is defined broadly and includes traditional maritime assets, but also other tangible and intangible assets, including bank accounts, accounts receivable, and debts. Tongli”) time chartered the cargo ship M/V Orient Rise to Bunge S.A. Bunge appealed. Fed.R.Civ.P. Shivsu Canadian Clear Waters Tech. (P)
El Paso E & P Co. , El Paso E & P Co. , In that case, the plaintiff-lessors argued, the lease should be rescinded based on their error. However, if the current trend continues, the Haynesville could approach its prior peak production average in early 2019. Alyce Gaines Johnson Special Trust v.
TotalEnergies E&P USA, Inc, et al. On February 1, 2022, the United States Court of Appeals for the Sixth Circuit affirmed the lower court’s decision in Zehentbauer Family Land, LP, et al. Moreover, the court observed that, as a consequence, “Plaintiffs’ royalties are based on those gross proceeds paid to the Lessee.
ExxonMobil removed the case to federal court arguing that the lawsuit involves “complex federal statutory, regulatory, and constitutional issues and frameworks,” which should supplant Massachusetts’ interpretation of climate issues. The majority of these cases have been brought under state nuisance laws.
1/30/13) (“ LL&E ”), that legacy plaintiffs are entitled to additional remediation damages in two circumstances: (1) if required by an express contractual provision, or (2) if the mineral lessee has acted unreasonably or excessively under the lease. Land and Exploration Co., 3d 1038 (La. It did not.”
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. It is a solid.
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. Some of the E&Ps will sell minerals to raise cash, said Stavinoha.
Notably, this is the first case in which dissolution of the lease was awarded under Article 140 since the Second Circuit’s ruling in Wegman v. There are two important points to take away from the Second Circuit’s decision in this case. Gloria’s Ranch sent a letter dated December 3, 2009 to Tauren, Cubic, EXCO, and Wells Fargo. [8]
Anadarko E&P Onshore, LLC, 520 S.W.3d From this line of cases, the Court concluded that “we consider Texas law reasonably clear that underground storage space generally belongs to the surface owner absent a contrary agreement.” West, 508 S.W.2d 2d 812, 815 (Tex. " • In Lightning Oil Co. 2d 686 (Tex.
Leading Low Decline Light Oil Position in Saskatchewan : The combined company becomes the second largest producer in Saskatchewan with consolidated assets in west and southeast Saskatchewan. These foundational assets have approximately 7,000 development locations to support meaningful free funds flow generation into the future.
Once we go back to the new normal we expect that each E&P company will decide which is the most suitable for their needs, in-person or virtual? The criteria will depend on each use case. We can now report some findings after many test video conferences, and the first few commercial ones. Did it deliver on its objectives?
E – Effective Feedback Timely, specific and actionable feedback empowers teachers to improve their practice. E – Effective Feedback Timely, specific and actionable feedback empowers teachers to improve their practice. Sharing articles, podcasts and case studies keeps teachers informed and inspired to innovate.
1] Prior to the Pennsylvania ruling, there were two seminal cases that have addressed the issue and reached conflicting results. The court found that an actionable trespass claim requires an injury and that the only claimed injury in this case—drainage of gas from beneath the plaintiff’s property—was barred by the rule of capture. [3]
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 7412(n)(4) (emphasis added); see also 40 C.F.R.
EP Energy E&P Co., While not particularly groundbreaking, Middleton does provide further guidance to mineral lessees and litigators with respect to the relevant factors and time period considered in a paying quantities case. 50,300-CA (La.
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations.
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations.
This case arises from a fatal accident on an icy, unlit stretch of highway near Amarillo, Texas. The Texas Supreme Court reviewed and reversed the judgment of the court of appeals and remanded the case for a new trial. A wrongful death case is no different in this regard. Prac. & Rem. Code § 41.001 (12). 2d 607, 614 (Tex.
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] 21] These efforts usually fail, but occasionally—as in the case of MORRO CASTLE and now CONCEPTION—they succeed, even if only partially.
The case for change is clear. AI is revolutionizing reservoir engineering, and it’s happening right now. Gone are the days when AI was just theoretical; today’s engineers use it to analyze complex data, optimize well planning, and make smarter decisions faster than ever. Type curves are no longer keeping pace.
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