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Oil and gas fields, no matter how productive, eventually decline. oil production had been steadily falling for decades, while natural gas output had plateaued. Beginning in 2006, U.S. Before the transformative impact of the shale boom, U.S. The Shale Boom’s Impact on U.S. natural gas production surged by an impressive.
At Rextag, we couldnt think of a better gift for our readers than a look back at the deals that shaped the oil and gas industry this year. So, while you sip your cocoa and enjoy the holiday glow, lets dive into the most impactful oil and gas deals of the yearcomplete with a festive bow and a little extra surprise at the end.
Holden EPA’s most recent NPDES regulations for stormwater permitting of oil and gas facilities were vacated by the Ninth Circuit in 2008 and new regulations have not been promulgated. The 1987 amendments to the Clean Water Act (“CWA”) added language creating a permitting exemption for uncontaminated runoff from Oil and Gas operations.
By Claire Bienvenu On May 23, 2008, the Ninth Circuit vacated EPA’s rule exempting discharges of sediment resulting from oil and gas construction activities from National Pollutant Discharge Elimination System (NPDES) permit requirements. 06-73217 (9th Cir.
In PYR Energy Corp. Marathon Oil Co., Marathon Oil Co., By contrast, in Forest Oil Corp. Union Oil Co., 2006 WL 905345 (D. By Jana Grauberger Two recent federal district court decisions have reached differing results in considering the scope of exculpatory clauses in JOA disputes. Samson Resources Co.,
On September 2, 2016, the Texas Supreme Court agreed to review three oil and gas cases involving issues pertinent to the industry and land and mineral owners. BP America Production Company v. Red Deer Resources, LLC In BP America Production Company v. Both parties filed petitions for review before the Texas Supreme Court.
Despite the successful opening of the succession with administration in 2006, the Succession did not file suit against Defendants, including adjacent landowners and various oil and gas companies, for unpaid royalties, fraud and violations of LUTPA until 2018. The Succession of Mayo Romero.
Before it was Expand Energy, the largest natural gas-weighted exploration and production company in the U.S., it was Chesapeake Energy. This company faced and survived nearly every extreme the energy industry could throw, including bankruptcy. 2006 Tom Ward Resigns Ward, who co-founded the company, left Chesapeake in 2006.
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. In BHP America Petroleum Co. whether 28 U.S.C. 2415(a), which imposes a 6-year statute of limitations for Government “every action for money damages. The Court held that it does not.
Despite the successful opening of the succession with administration in 2006, the Succession did not file suit against Defendants, including adjacent landowners and various oil and gas companies, for unpaid royalties, fraud and violations of LUTPA until 2018. The Succession of Mayo Romero. .
In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d Key Takeaway The Court’s holdings in BlueStone are particularly instructive for lessees and lessors entering into oil and gas agreements.
Hunter MMS has announced proposed amendments to its deep gas royalty relief regulations under the Energy Policy Act of 2005. MMBtu expressed in 2006 dollars. By Jonathan A. The additional relief will only be available in years when the annual NYMEX natural gas price is at or below $4.47/MMBtu Click here to read the Notice.
While the long-term fallout from the recent decline in oil prices and the COVID-19 pandemic remains unclear, it is clear that drilling activity has already started to decline. A well was spud on March 28, 2006. The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006.
Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Tackling this problem, the Louisiana Legislature in 2006 enacted La. The Energy Law Blog will explore the import of the prescription ruling in a separate post. Louisiana Land and Exploration Co., 2020-00685 (La. 6/30/2021); — So. 2d 686 (La.
In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d Key Takeaway The Court’s holdings in BlueStone are particularly instructive for lessees and lessors entering into oil and gas agreements.
30:29, in 2006 to provide a procedure for ensuring that amounts awarded to remediate environmental damage are actually spent on remediation. The Louisiana Legislature passed “Act 312,” La. In May 2015, a jury found BP was responsible for the damage.
In 2006, however, BlueStone acquired the lease and became responsible for paying royalties on production thereunder. Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d The Court’s holdings in BlueStone are particularly instructive for lessees and lessors entering into oil and gas agreements.
Judge Sarah Vance of the Eastern District of Louisiana dismissed a suit in which plaintiffs claimed that oil and gas production and pipeline companies’ activities in South Louisiana marshes contributed to the destruction wreaked by hurricanes Katrina and Rita. The opinion is available at 2006 WL 3333797 (E.D. 28, 2006).
JAG Energy, Inc., Flint Hills, a crude oil refiner, agreed to purchase Mexican condensate from JAG. In 2006, Flint Hills received information that PMI/Pemex had been experiencing thefts of condensate. By Sarah Steward-Lindsey In Flint Hill Resources, LP v. 08-20152, F.3d 3d , 2009 WL 336129 (5th Cir.
The case relates to a 2006oil spill which occurred at CITGO’s Lake Charles, Louisiana, refinery. CITGO Petroleum Corp., 11-31117 (5th Cir. July 17, 2013) (pdf). Opinion, pp. This opinion from the Fifth Circuit is likely to have wide-ranging effects on CWA penalty cases.
By Jana Grauberger : A recent Interior Board of Land Appeals (“IBLA”) ruling, ATP Oil & Gas Corp. , 2006-G02, which requires a lessee “to show that a drilling rig was scheduled to commence operations prior to lease expiration and to have an approved plan (in this case , the EP) and APD.”
The Court will also hear arguments on the applicability of the discovery rule and fraudulent concealment to claims by oil and gas lessors. Liskow & Lewis attorney Butch Marseglia submitted an amicus curiae brief on behalf of The Texas Oil & Gas Association. Emerald Oil & Gas v. Emerald Oil & Gas Company, L.P.,
12/06/06), 2006 La. Mary Operating Company filed a concursus proceeding to determine to determine the proper recipient of royalties from an oil well in Vermilion Parish, Louisiana. Thus, the right did not expire after the passage of ten years, but was kept alive by mineral production. Mary Operating Company v.
Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Tackling this problem, the Louisiana Legislature in 2006 enacted La. The Energy Law Blog will explore the import of the prescription ruling in a separate post. Louisiana Land and Exploration Co., 2020-00685 (La. 6/30/2021); — So. 2d 686 (La.
allowing an $81 million judgment against the oil company to stand. The judgment is the latest in a suit the EPA filed against CITGO under the Clean Water Act for a 2006 spill at the oil company’s St. See Environmental Enforcement Results for 2015 , 2015 ABA Env’t Energy, & Resources L.: Charles refinery. Year in Rev.
255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. Two crewmembers perished as a result of the casualty. Riverboat Services of Indiana, Inc., 451 F.3d 3d 424 , 444 (7th Cir.
The Second Circuit’s decision also addressed issues involving production in paying quantities and failure to pay royalties under the Louisiana Mineral Code, and a detailed discussion of those issues is also located on T he Energy Law Blog. Tauren”) In February 2006, Tauren assigned an undivided 49% interest in the Lease to Cubic Energy, Inc.
Nearly a hundred years later, in 2006, the mineral estate of the northwest tract was owned by the Richey family and was leased to Mr. Ellison d/b/a Ellison Lease Operating, whereas the mineral estate of the southeast tract was owned by the Farmar family and was leased to Samson.
715 (2006). The proposed guidance will apply to all CWA programs, including section 303 water quality standards, section 311 oil spill prevention and response, section 401 water quality certification, section 402 National Pollutant Discharge Elimination System permits, and section 404 permits for discharges of dredged or fill material.
Nearly a hundred years later, in 2006, the mineral estate of the northwest tract was owned by the Richey family and was leased to Mr. Ellison d/b/a Ellison Lease Operating, whereas the mineral estate of the southeast tract was owned by the Farmar family and was leased to Samson.
ACT 312 BEFORE THE NEW LEGISLATION Act 312 of the 2006 legislative session was enacted in response to judicial decisions that awarded significant damages for remediation costs with no obligation for landowners to actually use such awards for cleanup work. In addition, he advises clients regarding energy and environmental regulatory matters.
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