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

Rextag

As we wrap up the year in December, were taking a moment to reflect on the early 2000s, when the oil and gas industry was booming with bold ideas and big changes. By 2005, analysts predicted the Bakken contained 4.3 billion barrels of recoverable oil , a staggering prospect that set the stage for the U.S. shale revolution.

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Petrel Resources Raises £250,000 for Iraq Oil Projects

Iraq Business News: Oil & Gas

Irish-based Petrel Resources Plc (LON: PET) has raised 250,000 through a share placement managed by Novum Securities. According to a statement from the company, the funds will provide additional working capital, supporting Petrel's efforts to secure new oil and gas projects in Iraq and beyond.

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Secretary of Interior Announces Reform in Nation’s Oil and Gas Development Policy

The Energy Law

By Matthew Simone On January 6, 2010, the Secretary of the Interior, Ken Salazar, announced plans to reform the nation’s policy on oil and gas development in an effort to shift from the Bush Administration’s “anywhere, anyhow” policy. To read further, please go to [link]

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One Man’s Waste is Another Man’s Treasure: Texas Appellate Court Holds that Produced Water Belongs to Mineral Owners

The Energy Law

COG owned the minerals under four leases in Reeves County, Texas executed between 2005 and 2014. Those leases granted COG the exclusive right to produce “oil and gas” or “oil, gas and other hydrocarbons.” One such conflict arose between Cactus Water Services, LLC (“Cactus”) and COG Operating, LLC (“COG”).

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Supreme Court Denies Relief to Oil Companies

The Energy Law

founded upon any contract,” applies to administrative royalty payment orders issued by the Minerals Management Service (MMS). . § 2415(a), which imposes a 6-year statute of limitations for Government “every action for money damages. The Court held that it does not. Amoco Production Co. Watson , 410 F.3d 3d 722 (D.C. Babbitt , 268 F.3d

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United States Court of Appeals Finds BOEM Environmental Impact Statement Deficient, But Declines to Vacate Leases Issued in 2018 Offshore Lease Sales

The Energy Law

The appeal concerned the three EISs prepared by the Department of Interior’s Bureau of Ocean Energy Management (BOEM) prior to Lease Sales 250 and 251. The court found that even though deficient, the supplemental EIS seemed correctible, and even partial relief would be disruptive to the lessees. [2]. Quoting PPL Wallingford Energy LLC v.

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Wind Energy Development in the Gulf of Mexico

The Energy Law

Interior’s authority to regulate offshore wind comes from the Energy Policy Act of 2005, which amended the Outer Continental Shelf Lands Act to expressly authorize Interior to issue leases for renewable energy projects in federal waters. 556.401. REN-N03 (May 27, 2020).

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