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Texas new drills jump 27% higher in March over February, tie January’s level

Oil & Gas 360º

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. Compared to March 2024, last months activity was 20.3% in March 2024.

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Louisiana Second Circuit Provides Guidance as to Good Faith Required When Conducting Operations Necessary to Interrupt Prescription of Mineral Servitude

The Energy Law

The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006. At trial, the mineral servitude owner testified that in 2005, the Cotton Valley drilling activity was ramping up and other operators near the servitude successfully drilled gas wells. A well was spud on March 28, 2006. 1] 53,252 (La.

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Casing Controversy: Does the Comparative Fault Codal Article Cover Contract Claims?

The Energy Law

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.

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