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UCC8, UCC9, and The Hague Convention

The Energy Law

Commencing April 1, 2017, those lenders and their counsel may also have to consult the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary (the “Convention”). [1] The Convention was finally promulgated in 2003 but did not become effective until April 1, 2017. [2]

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IRS Updates Guidance on Temporary Procedures to Fax Forms 1139 and 1045 to Obtain Quick Tentative Refunds due to NOL Carrybacks and Accelerated Use of AMT Carryforward Credits

The Energy Law

Taxpayers with specific questions should consult the IRS website for the detailed FAQs. Bradford, New IRS Guidance on Obtaining Refunds for Net Operating Loss Carrybacks, Corporate AMT Carryforward Credits and Filing Amended Returns for Partnerships ( the “ Prior Blog Post ”). [1]

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EPA’s New Audit Program for New Owners of Upstream Oil and Natural Gas Facilities

The Energy Law

Following notification, the new owner will consult with EPA to determine the scope of the audit and the number of facilities covered by the audit. Notably, this new program is based on an audit policy agreement that EPA negotiated in 2017 with Range Resources, after it acquired numerous oil and gas assets in Louisiana.

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CanCambria Energy Corp. announces changes to management team and board

Oil & Gas 360º

Cornelius commented: Founding CanCambria as an international unconventional resource E&P company has been one of the highlights of my career. Stock Option Grant The Company announces that it has granted 2,800,000 options (the Options) to purchase common shares of the Company to certain directors, officers, and consultants of the Company.