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Fifth Circuit to Hold Oral Argument in Sojitz v. UNOCAL in April 2020

The Energy Law

2003) (“the regulations govern the parties’ joint and several liabilities vis-à-vis the Government not amongst themselves”) and Total E&P USA, Inc. UNOCAL retained rights as to certain depths, but never conducted any lease operations whatsoever at any depth. UNOCAL also reserved a 3% overriding royalty. 3d 558, 563 (5th Cir.

Royalty 52
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2003-N06, which was itself replaced by NTL No. This often results in a stand-off between prior interest owners and leads to additional delay in decommissioning work being performed. Proposed regulations – The joint and several liability scheme, with each party remaining liable for its own accrued obligations, remains the same.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2003-N06, which was itself replaced by NTL No. This often results in a stand-off between prior interest owners and leads to additional delay in decommissioning work being performed. Proposed regulations – The joint and several liability scheme, with each party remaining liable for its own accrued obligations, remains the same.