The Energy Law Blog

MAY 26, 2023

The Fifth Circuit agreed with the lower court that state statutes and case law characterize SRA-L as an arm of the state; but caveated that the factor was restricted and “given the inconsistent descriptions in the same statutes and the lack of a more-definite characterization in either statute or case law.” [7]

Casing 52

Casing IT E&A Education 52

The Energy Law Blog

MARCH 25, 2020

In such cases, hedge counterparties may increase calls for margin and collateral posting both in frequency and amount. In the 2002 ISDA Master Agreement this concept appears in the “force majeure” termination event, and in the 1992 ISDA Master Agreement it is often adopted as an “impossibility” additional termination event.

Instrumentation 52

Instrumentation E&A Operator Mechanic 52

The Energy Law Blog

MARCH 30, 2017

1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. Flat River Farms, L.L.C. , the Louisiana Second Circuit addressed issues affecting the creation and preservation of mineral servitudes and payment of court costs in a concursus action. [1]

Spud-in 40

Spud-in Operator IT E&A 40