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During a site visit to rig IDC 59, Khalid Abbas Ali, Head of the First Drilling and Workover Department, explained that well R-839 is the first to be drilled under this contract for Halliburton, which operates under a day-rate system in the BECL-operated field. Preparations are under way to install 9 casing.
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.” They do cased hole work, both vertical and horizontal production.
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] 7] Other examples of capital expenditures may include equipment costs, overhead, depreciation of original equipment, and workover expenses. [8] West Virginia Oil & Gas Co. ,
Background of the Dispute In this case ( Lario Oil & Gas Co. Black Hawk Energy Services, Ltd. ), Lario Oil & Gas Company (Lario) sued Black Hawk Energy Services, Ltd. Black Hawk) entered into a Master Service Agreement (MSA).
1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] Tauren Exploration, Inc. , 4] $242,029.26 6] $936,803.00 Rhymes ( jdrhymes@liskow.com ).
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