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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. million barrels of oil equivalent by 2005. shale revolution. ExxonMobil Achieved $36.1

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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

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. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.

Casing 59
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article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

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. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.

Casing 52
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

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. Although Lexington Land had these assessments in 2005, it did not file suit until December 2007 following a pipeline rupture on the property.

Casing 52
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Supreme Court Denies Relief to Oil Companies

The Energy Law

In BHP America Petroleum Co. Burton , 549 U.S. — (2006), the Supreme Court resolved a legal issue that has been at the center of federal royalty litigation for twenty years: viz. whether 28 U.S.C. 2415(a), which imposes a 6-year statute of limitations for Government “every action for money damages. On appeal, the D.C. Amoco Production Co.

Royalty 40