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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.
Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., is a next-gen exploration and production platform unlocking the full value of its Permian Basin assets.
From decarbonisation strategies and circular economy integration to advancements in petrochemicals production and sustainable fuels, PRC Europe 2025 offered a comprehensive overview of the trends shaping the future of energy processing in Europe. Supported by the Host Sponsor, Eni S.p.A., Wood and Saras S.p.A.,
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.
Growth in the generative AI era looks like a classic case of âtwo steps forward, one step back.â As companies come to grips with the unique complexities of gen AI, initial progress leads to reversals and redos, in some cases threatening to stop development altogether.
(Oil Price) –Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. This will naturally affect drilling, contributing to the overall production growth slowdown.
Within Exploration & Production, 4Q results brought divergent performance across the group. Several small and mid-cap oil producers posted weak results and soft 2025 (or 1Q) guidance, in some cases due to inventory degradation and operational noise. (Investing) –The U.S.
We are excited to execute on this unique opportunity that is immediately accretive to our per-share metrics and meets our strict criteria for acquisitions high quality acreage with exploration upside, competitive with our current inventory, gained at an attractive price, continued Yacob. The indicated annual rate is $4.08.
This will enhance energy security and reduce environmental impacts by supporting hydrogen production projects nationwide. In June 2024, CES+ held a Vendor Engagement Day in Hull to strengthen relationships with companies in its existing and future supply chain and to explore the innovative solutions they have to offer.
Legacy Locker promotes open and collaborative practices in the traditionally closed sector of offshore oil production and this is recognised by many operators. J+S Subsea is already exploring opportunities to deploy the Legacy Locker elsewhere to demonstrate its scalability and global relevance.
The high-quality operator footprint enhances production visibility and long-term value creation. The acquisition includes an attractive mix of current production, near-term activity through DUCs and long-term growth through undeveloped upside. In February 2025, NGP and the Elk Range team established Elk Range Royalties III.
Legacy Locker promotes open and collaborative practices in the traditionally closed sector of offshore oil production and this is recognised by many operators. J+S Subsea is already exploring opportunities to deploy the Legacy Locker elsewhere to demonstrate its scalability and global relevance.
About the research Five- and ten-year automation impact projections are outputs of the McKinsey Global Instituteâs proprietary automation model, which performs a bottom-up assessment of productivity potential by role and task. How should consumer leaders reshape functions, roles, and activities in anticipation of this future state?
I went to the first session that explored the history of GenAI and learned about the history of computing. Carbon Innovation: Explore groundbreaking decarbonization technologies driving the future of energy. Asset Optimization: Insights and best practices for optimizing oil and gas asset performance through comprehensive case studies.
The companys 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integrates three legacy wells; the dataset provides open-hole logs, core and gas test/production data. for un-risked case. Full FDP results in capital expenditure from CHPE (2C case) of US$947.9 CanCambria Energy Corp.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the The resulting properties were then used to build a numerical model to generate production forecasts.
A recent survey by McKinsey and Aviation Week of more than 135 companies found that broader commercial-aviation supply chain respondents were less confident about the business case for a next-generation single-aisle (NGSA) aircraft. It could also be an acknowledgement of the need to reset trust between the players across the value chain.
In Litel Explorations, LLC v. The Litel case began as a legacy lawsuit, in which Pioneer Natural Resources, Inc. and Gary Production Company were named as prior operators of the G.A. The Lyon Well was leaking in 2018, which prompted the LDNR to task the current operator (Sandhill Production, Inc.) Aegis Development Co.,
(Oil & Gas 360) Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program in the money by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co.
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
Let’s explore the journey of natural gas from its formation to its use as a reliable energy source. In some cases, natural gas is cooled to -260°F to become liquefied natural gas (LNG) , making it easier to transport overseas. How Is Natural Gas Formed? How Do We Use Natural Gas?
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.
Some of the most important levers in todayâs MACCs are efficiency levers such as route optimization, using advanced analytics to optimize routes based on real-time conditions to minimize fuel consumption over time; and predictive scheduling using AI to align production schedules with availability of low-carbon energy.
District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]
In August 2018, dry natural gas production from the Haynesville shale averaged 6.774 billion cubic feet per day, which is the highest daily Haynesville production average since September 2012 when production averaged 6.962 billion cubic feet per day. August 2018 was not an anomaly. El Paso E & P Co. , 2d 640, 641-43 (W.D.
Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. But that is about to change when Brazil Potash’s Autazes mine lifts off into production.
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”).
.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.
For me, tech has always been about enabling our business with a lens from customer experience and generating revenue while increasing productivity. In the past, that might have been about how to use emails to generate leads, and now itâs about how to use AI to identify next-product-to-buy options. The CCO set the priority for us.
We offer a comprehensive range of thread protectors and other oil-related products, all meeting the industry’s highest quality standards. DIC products have earned ISO and API certifications. Our commitment to customer satisfaction involves providing top-quality products and services.
DIC all products are tested numerous times under technical guidance and are made from Premium quality material. When it comes to the production, exploration, and transportation of oil and gas resources, OCTG are an absolute necessity. These tubular products are built to withstand cruel conditions in the oil and gas industry.
We explore how this generative AI powered tool has significantly enhanced SunRuns cloud operations and streamlined their development processes. The challenge SunRun sought to address two primary challenges: Improving development velocity: SunRun needed to significantly boost the productivity of their developer and engineering teams.
In May 2018, oil and gas industry defendants removed a docket of 42 cases alleging violations of Louisiana’s coastal zone management laws to federal court in the Eastern and Western Districts of Louisiana (“CZM cases”). Riverwood Production Company, et al. (“ Riverwood ”), No. 18-5217, 2019 WL 2271118 (E.D.
Court Interprets “Free of Cost Forever” Royalty Language Broadly In this case ( Fasken Oil & Ranch, Ltd. and Emilia Gutierrez Puig sold their ranch to Palafox Exploration Company while reserving a 1/16th non-participating royalty interest (NPRI) to be paid “free of cost forever. —San Antonio Oct.
Lets explore why drilling time estimates are a persistent challengeand how DDRs help reduce the uncertainty. Optimistic assumptions: Planners frequently underestimate non-productive time (NPT) and overestimate rate of penetration (ROP), especially in complex wells. These learnings are fed back into planning for continuous improvement.
But in every one of these historical cases, the technology didnt disappear. The academic year is at its midpoint, and we have a chance to sit back and reflect on how a new school year is going -and what comes next. Chances are, students have submitted some assignment or another after using ChatGPT in support of their work.
Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms. In Louisiana, as in most jurisdictions, production of oil or gas must be in “paying quantities” to maintain a mineral lease beyond its primary term. [1] Lea Exploration Co. , JLH Enters. ,
The Eastern District of Louisiana recently held that insurance claims for damage to a Gulf of Mexico production facility will not support federal court jurisdiction under the Outer Continental Shelf Lands Act. Accordingly, the district court remanded the case of LLOG Exploration Co. 1349(B)(1). 1349(B)(1).
Louisiana Land and Exploration Co., In the landmark oilfield remediation case Corbello v. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., 2020-00685 (La.
The two organisations will also explore opportunities for the implementation of digital solutions to optimise oil and gas exploration, production and infrastructure management. The agreement also covers knowledge exchange and the adoption of best practices in the fields of AI, asset digitalisation, and autonomous operations.
Enterprise Products Partners, L.P., a case previously featured on the Blog. This case began in 2011 when ETP and Enterprise explored the possibility of partnering to modify and extend, or construct anew, a pipeline to transport oil southbound from Cushing, Oklahoma. The jury agreed, awarding more than $500 million to ETP.
RUE grants are authorizations from BOEM to use a portion of the seabed not encompassed by the holder’s lease to construct, modify, or maintain platforms, artificial islands, facilities, installations, and other devices that support exploration, development, or production of oil and gas or other energy resources from another lease.
Now, add in some other products you probably didnt know contain plastic, things like paper coffee cups and plates, chewing gum, store receipts, cleaning products, paper tea bags and clothing. Some of the most significant industry sources of plastic waste are packaging, textiles and consumer and institutional products.
Like the final season of ABC’s hit series Lost , the Texas Supreme Court’s opinion in Chesapeake Exploration, L.L.C. The 5-4 decision, authored by Justice Hecht, is the latest in a series of cases from high courts across the country addressing the sharing of “post-production costs” between royalty owners and oil and gas lessees.
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