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Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

The Energy Law

“Operating expenses”—or “lifting expenses” as they are sometimes referred—are “ordinary, recurring expenses” that are attributable to the expense of production, after the well is drilled and completed. [5] Dore , 2010 U.S. 2d at 1027; Dore , 2010 U.S. 5] See id. at 718-19; see also Dore Energy Corp. 2d at 719. [7]

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Green Mortgages: Here’s What You Need to Know

Energy Refuge

Once the report is complete, the lender deposits the EEM loan into an escrow account. This scheme was halted in 2010 because it was deemed too risky. It is important to note that the HERS is a separate service. The cost might range between $300-800. But this can be included in the EEM loan depending on the lender. Conclusion.

Energy 170
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Fifth Circuit Reverses Summary Judgment in Oil Pollution Act Case

The Energy Law

2010 WL 5421015 (5th Cir. 30, 2010), the Fifth Circuit reversed the district court’s finding of summary judgment on liability under the Oil Pollution Act of 1990 (“OPA”). OPA, however, also provides a responsible party with a complete defense to liability in the following circumstance: A responsible party is not liable.if

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Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties

The Energy Law

Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 9] Unsatisfied with the response, Gloria’s Ranch sent a letter on January 28, 2010 demanding a recordable act evidencing the expiration of the lease, to which the defendants refused.

Royalty 40
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EPA and BSEE Team Up to Resolve Offshore Environmental Violations

The Energy Law

Sometime after the BSEE inspection, but before DOJ filed its complaint, ATP declared bankruptcy citing reduced cash flows caused by the deepwater drilling moratorium instituted after the 2010 Deepwater Horizon oil spill. 110.4 & NPDES General Permit, Part I, Section C.3

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Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code

The Energy Law

The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. 2010-2011 (La. The mortgagee retained the right to approve the location and depth of the wells drilled under the Lease and other mineral leases subject to the mortgage. 10] See id. at 22-33. [11]

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