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Christmas Eve Edition: 2024 Oil and Gas Results – Top Deals and a Bonus to End the Year

Rextag

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.

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MMS Proposes Royalty Relief Amendments

The Energy Law

MMBtu expressed in 2006 dollars. The proposed rule extends deep gas royalty relief to GOM leases in 400 meters of water (up from the current limit of 200 meters), and would increase the royalty suspension volume to 35 Bcf for qualifying ultra-deep wells at least 20,000 feet total vertical depth subsea in less than 400 meters of water.

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OCS Lease Expiration: MMS Denial of Suspension of Operations Upheld

The Energy Law

By Jana Grauberger : A recent Interior Board of Land Appeals (“IBLA”) ruling, ATP Oil & Gas Corp. , By Jana Grauberger : A recent Interior Board of Land Appeals (“IBLA”) ruling, ATP Oil & Gas Corp. , In denying ATP’s request for an SOO, the MMS relied upon its Notice to Lessees No.

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OSHA Awards Damages for Retaliatory Discharge of Jones Act Seaman in Violation of Seaman’s Protection Act

The Energy Law

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.