Remove 2008 Remove Abandonment Remove Gas
article thumbnail

Texas Supreme Court Again Addresses Royalty Class Actions

The Energy Law

15, 2008), the Texas Supreme Court again addressed the propriety of class actions for gas royalty claims. The Bowden case involved claims against Phillips Petroleum company in connection with its natural gas marketing through affiliate companies. In Bowden v. Phillips Petroleum Co. , 03-0824 (Feb.

Royalty 40
article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. 2008-N07 was subsequently replaced in 2016 by the controversial NTL No. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.

article thumbnail

Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

2008-N07, a lessee that passed the established thresholds was waived from providing additional security to cover its decommissioning liability. 2008-N07 was subsequently replaced in 2016 by the controversial NTL No. Proposed Regulations – The proposed regulations would make several changes with respect to these abandonment accounts.