Remove 2015 Remove Exploration and Production Remove Mechanic
article thumbnail

Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. However, there was no mechanism to ensure that a penny of the $33 million awarded in Corbello would be spent on clean-up. Louisiana Land and Exploration Co., State of Louisiana v. 2020-00685 (La.

E&A 105
article thumbnail

Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. However, there was no mechanism to ensure that a penny of the $33 million awarded in Corbello would be spent on clean-up. Louisiana Land and Exploration Co., State of Louisiana v. 2020-00685 (La.

E&A 52
article thumbnail

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. OPEC+ Production Cuts: OPEC+'s decision to extend production cuts into 2025 aimed to stabilize markets but drew skepticism. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S.