Oil & Gas 360º
APRIL 7, 2025
RRC figures show 1,072 new drills recorded during March (up 27.5%), including 818 oil wells, 246 gas wells and eight dry holes. This compares to 841 total new drills in February, including 682 oil wells, 142 gas wells and 17 dry holes. The figures a year ago included 689 oil wells, 183 gas wells and 19 dry holes.
The Energy Law
JUNE 2, 2017
The appellate court also affirmed the trial court’s award of lost profits under the turnkey contract as consequential damages – rendering a decision that criticized defendants’ hypothesis that “some unknown and speculative intervening cause, i.e. a phantom hole in the formation ,” resulted in shutting in the well before completion.
The Energy Law
APRIL 30, 2020
The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006. He pointed to owners having a cement truck waiting to fill the well as soon as drilling was completed as objective evidence of such an intent. A well was spud on March 28, 2006.
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