Remove 2014 Remove Basin Remove Exploration and Production
article thumbnail

Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.

Oil 52
article thumbnail

The Meaning of “And” Determines Outcome of Oil and Gas Feud

The Energy Law

Delaware Basin Resources LLC , 08-20-00060-CV, the Court of Appeals for the Eighth District of Texas (El Paso) recently held oral argument on the proper construction of the word “and” used in a Delaware Basin oil and gas lease. In Tier 1 Resources Partners et al. described as follows: Section 6. and Section 2.”

Oil 40