Oil & Gas 360º

JUNE 5, 2025

Presenting a false choice between industry destruction or government intervention, many testified that proration was necessary to save Texas. America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. times the proven reserves of Saudi Arabia. 6 This is more than 5.6

Oil 130

Oil Natural Gas Hydraulic Fracturing Gas 130

The Energy Law

OCTOBER 15, 2020

The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or 4. The party’s co-lessee has an issuer credit rating or proxy credit rating that meets the criteria in (1) above; Or 3.

Pipeline 52

Pipeline Operator Abandonment Insurance 52

The Energy Law

OCTOBER 15, 2020

The net present value of proved reserves on the lease is less than or equal to three times the cost of the BSEE decommissioning estimate associated with production of those reserves; Or. This is a significant change that will essentially require an appealing party to pay up front in order to challenge a decommissioning order.

Pipeline 40

Pipeline Operator Exploration and Production Abandonment 40