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Williston Basin White Paper

Oil Gas Leads

oil production, delivering approximately 1.2–1.3 million barrels of oil per day as of Q1 2025. This report profiles 36 active operators —each of which has spud at least one new well since 2023 —providing a detailed look at production volumes, drilling activity, core acreage, and strategic focus.

Basin 52
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Force Majeure Clause Fails to Protect Oil and Gas Lessee From Mistakenly-Scheduled Deadline

The Energy Law

2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.

Spud-in 98
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Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

(Oil & Gas 360) –HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin.

Operator 130
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Canada BC Oil & Gas: A Growing Backlog of Undrilled Well Permits

Oil Gas Leads

British Columbias upstream oil and gas sector has seen a surge in well permitting activity over the last few yearsbut drilling activity hasnt kept pace. and Tourmaline Oil Corp each have over 60 permits from recent years still awaiting activity. But as of now, BCs oil and gas landscape is sitting on a large pool of untapped potential.

Gas 52
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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. The EPA estimates that there are over 3 million known abandoned and orphaned oil and gas wells (AOOG wells) in the United States. million vehicles per year.

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FIFTH CIRCUIT BEGINS TO CLEAN UP ITS JURISPRUDENCE ON HOW TO DETERMINE WHETHER A CONTRACT IS (OR IS NOT) MARITIME

The Energy Law

Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.

E&P 40
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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

While the long-term fallout from the recent decline in oil prices and the COVID-19 pandemic remains unclear, it is clear that drilling activity has already started to decline. A well was spud on March 28, 2006. Cannisnia Plantation, LLC v. The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006.