article thumbnail

5th Circuit Stands Firm on Application of OCSLA

The Energy Law

2008) The 5th Circuit reversed a Louisiana District Court decision that held a platform worker’s injuries, sustained while being transported from platform to platform by vessel, were subject to the Louisiana Oilfield Anti-Indemnity Act through the Outer Continental Shelf Lands Act (OCSLA). by John Almy. Grand Isle Shipyard Inc.

article thumbnail

What are the SEC Rules for Reserves, and where can I find them?

CG&A

However, the SEC did not issue its first rules specific to Petroleum definitions until 1978 and continued to expand these definitions until 1982.Before Enjoy… Background The Securities and Exchange Commission (SEC) was created by the Securities Act of 1934 and its function is to enforce the Securities Act of 1933.However,

Oil 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Texas Supreme Court Again Addresses Royalty Class Actions

The Energy Law

Phillips Petroleum Co. , 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. 03-0824 (Feb.

Royalty 40
article thumbnail

Tapping the U.S. Strategic Petroleum Reserve Won’t Lower Prices At The Pump This Time Either

Energy Central

Average national gasoline prices are edging closer to record highs set in 2008, and while the president continues to assure the country he is “using every tool at our disposal” and “work[ing] like the devil to bring gas prices down,” the administration’s efforts fall short of anything that would have a meaningful impact on U.S.

article thumbnail

President Biden Faces Constitutional Challenges to Revocation of Keystone XL Permit

The Energy Law

Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Constitution. Gulf Coast. and Canada near Morgan, Montana. 2015 aerial photograph. Google Earth , earth.google.com/web/.

article thumbnail

President Biden Faces Constitutional Challenges to Revocation of Keystone XL Permit

The Energy Law

The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S Since TC’s first 2008 cross-border permit application, the Keystone XL project faced numerous legal and regulatory hurdles. Constitution. Background. Gulf Coast.