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Louisiana Second Circuit Provides Guidance as to Good Faith Required When Conducting Operations Necessary to Interrupt Prescription of Mineral Servitude

The Energy Law

The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006. On November 5, 2014, the landowner provided notice to the mineral servitude owner that the mineral servitude expired and requested a recordable act evidencing its expiration effective June 28, 2006. A well was spud on March 28, 2006.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The path to this Proposed Rule has been long and winding, beginning in 2014 with BOEM resisting making changes through formal notice and comment rulemaking pursuant to the Administrative Procedures Act, and instead continuing to regulate this issue through Notice to Lessee (“NTL”) guidance documents.

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Latest OPEC+ move: the insignificant impact on oil market dynamics

Crude Oil Futures

President Trump will not abandon his, Drill, baby, drill strategy for sure. They made a controversial move in 2014 not to cut down on the production, when oil prices started falling; the OPEC+ decided to stick to its agreed production level, something that was interpreted as pushing the higher-cost shale producers against the wall.

Oil 52