Remove 2005 Remove Petroleum Remove Pipeline
article thumbnail

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

Rextag

In the first part of this series, we explored the massive pipeline projects that crisscrossed the U.S., 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.

Oil 52
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

Chevron Pipelines Company , et al., 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. In Lexington Land Development, L.L.C. 2020-0622 (La. 5/25/21), 2021 WL 2102932, —So. million purchase price.

Casing 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

Chevron Pipelines Company , et al., 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. In Lexington Land Development, L.L.C. 2020-0622 (La. 5/25/21), 2021 WL 2102932, —So. million purchase price.

Casing 52
article thumbnail

Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

Chevron Pipelines Company , et al., 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. In Lexington Land Development, L.L.C. 2020-0622 (La. 5/25/21), 2021 WL 2102932, —So. million purchase price.

Casing 52
article thumbnail

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. Amoco Production Co. Watson , 410 F.3d

Royalty 40