2004, Offshore and Royalty - Energy Aggregated

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2004

Offshore

Royalty

Gulf of Mexico Lease “Price Threshold” Conditions Held Unlawful

The Energy Law

JANUARY 16, 2009

A unanimous panel of the United States Court of Appeals for the Fifth Circuit has held that the United States Department of the Interior violated the Outer Continental Shelf Deep Water Royalty Relief Act (“RRA”) by imposing price threshold conditions that require federal lessees to pay royalties when commodity prices rise.

Royalty

Royalty Oil Gas IT

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

The Energy Law

MARCH 11, 2020

Last year, in another dispute over who should bear the cost of decommissioning offshore facilities, the Southern District of Texas held that a former sub-assignee of offshore operating rights was entitled to equitable subrogation from the record title owner and initial assignor. UNOCAL also reserved a 3% overriding royalty.

Royalty

Royalty E&P Offshore E&A

Gulf of Mexico Lease “Price Threshold” Conditions Held Unlawful

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

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