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1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

By 2005, analysts predicted the Bakken contained 4.3 billion in profit in 2005, the highest ever recorded by a corporation. By 2005, ExxonMobil produced over 4.1 By 2005, Halliburton serviced over 40% of the U.S. Expanded operations in Alaska and the North Sea, pushing the boundaries of deepwater exploration.

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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. Lexington Land purchased the property in June 2005 but did not obtain from the prior owners an assignment of the right to sue for property damage that occurred before the 2005 sale.

Casing 59
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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. Lexington Land purchased the property in June 2005 but did not obtain from the prior owners an assignment of the right to sue for property damage that occurred before the 2005 sale.

Casing 52
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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. Lexington Land purchased the property in June 2005 but did not obtain from the prior owners an assignment of the right to sue for property damage that occurred before the 2005 sale.

Casing 52
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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

In Cannisnia Plantation , the Louisiana Second Circuit faced the issue of whether a mineral servitude owner conducted good faith operations sufficient to interrupt the prescription of non-use of a mineral servitude.

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Fifth Circuit Addresses A Complicated Cargo Dispute, Resulting In A Victory For Vessel-Operating Common Carriers

The Energy Law

The court further held that the carrier may protect its interest in unpaid freight against the cargo in rem , and weighed in on several other issues pertinent to the maritime field. IMC) as the “vessel-operating common carrier.” Freightplus and IMC disagreed over whether Freightplus was operating as an NVOCC.

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Texas Supreme Court to Hear Miesch Case

The Energy Law

13-99-757, 2005 WL 167051 (Tex.App.—Corpus 27, 2005, pet. In the Supreme Court of Texas) Emerald, a subsequent lessee of Exxon, sued Exxon for wrongful conduct “in the development and abandonment of oil and gas wells in the Mary Ellen O’Connor Field.” Exxon’s Petition for Review was filed September 9, 2005, arguing that: 1.

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