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The Iraqi Drilling Company (IDC) is making steady progress on its project to drill 15 oil wells in the North Rumaila field , working in coordination with Halliburton and Basra Energy Company Limited (BECL). Preparations are under way to install 9 casing. Drilling operations began on 26 May 2025, targeting the Mishrif formation.
On the vendor/supplier side, Houston-based Vertice Oil Tools acquired Greenwell Engineering Inc. Other large customers today for Underdog include Fasken Oil and Ranch and Hibernia. With Fasken Oil and Ranch, same thing—they’re a family owned company like we are,” Esquibel says. “I on April 15.
The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. 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]
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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