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The royalties would begin at one-sixth and then switch to eighteen percent once production volume reaches five billion cubic feet. For more information see neworleanscitybusiness.com/blog/2010/04/15/proposal-encourages-oil-gas-exploration-in-south-louisiana/
The sharp decline in oil prices over the past year and a half has had a significant impact on operators and mineral lessees in Louisiana and in other oil-producing states. Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms.
In early 2010, the Louisiana Office of Conservation published in the Louisiana Register a Notice of Intent to amend Statewide Order 29-B, the regulation governing the storage, treatment, and disposal of exploration and production waste at oilfield sites. on April 12, 2010. in Baton Rouge, Louisiana.
On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.
Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments.
Over seven years later, New 90 and another plaintiff-landowner sued various oil and gas companies for contamination to the property based on historical exploration and production activities dating back to the 1940s. 2010-2267 (La. Amerada Hess Corp. 10/25/11), 79 So.
Background In 2010, in the wake of the Deepwater Horizon oil spill, the Department of Interior renamed the Minerals Management Service (MMS) the Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEMRE). 3304, issued June 29, 2010. Richard Hastings (R-Wash.), In particular, Rep.
Tauren Exploration, Inc. , The Second Circuit’s decision also addressed issues involving production in paying quantities and failure to pay royalties under the Louisiana Mineral Code, and a detailed discussion of those issues is also located on T he Energy Law Blog. Tauren Exploration, Inc., In Gloria’s Ranch, L.L.C.
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