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EIA Report – Product Prices and Pipeline News

The Energy Law

The Energy Information Agency reported as follows in its September 13, 2007, report: Since Wednesday, September 5, natural gas spot prices increased as tropical storms threatened to disrupt supplies and pipeline explosions in Mexico stirred concerns of supply security. MMBtu UP $0.32 Bbl UP $4.11

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EIA Lastest News – Product Prices & Pipeline News

The Energy Law

Crude oil was up over $2 per barrel. Furthermore, the company announced a strained operating condition warning, which was cancelled on September 3. – Transco Gas Pipeline Corporation released a notice on September 4 regarding firm backhaul transportation service for winter 2007-2008. MMBtu UP $0.17

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

The lessees owned working interests in certain oil and gas leases that were executed in 2007. The leases contained the following royalty provisions: 3. The lessees did not add that eighteen dollars back to the lessors’ royalty base.

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