The Energy Law

AUGUST 3, 2021

Recall that section 45Q provides for a credit against a taxpayer’s income tax liability based on the amount of carbon oxide (a) captured using carbon capture equipment, (b) placed in service at a qualified facility and (c) disposed of, injected, or utilized in a specified manner.

Finance 59

Finance Utilities Gas Natural Gas 59

The Energy Law

SEPTEMBER 16, 2014

The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities. NWP-12 is for “utility line activities.”

E&P 40

E&P Energy Energy Utilities 40

The Energy Law

MARCH 25, 2019

Due to the Tax Cuts and Jobs Act (“TCJA”) passed by Congress in December 2017, starting in 2018 many 501(c)(3) Exempt Organizations (“EOs”) are required to treat the cost of employer-paid qualified transportation and parking benefits as unrelated business taxable income (“UBTI”) to the EO.

E&A 40

E&A Transportation Maintenance Insurance 40

Producer's Edge

NOVEMBER 1, 2024

211 (2023)), this case highlights evolving questions about subsurface storage rights that are particularly timely given the current interest in carbon capture, utilization, and sequestration (CCUS) operations. Anadarko E&P Onshore, LLC , 520 S.W.3d The case was Myers-Woodward v. Underground Services Markham. West , 508 S.W.2d

Royalty 52

Royalty Royalty Interest Casing Oil 52

The Energy Law

MARCH 30, 2017

Flat River Farms, L.L.C. , the Louisiana Second Circuit addressed issues affecting the creation and preservation of mineral servitudes and payment of court costs in a concursus action. [1] 1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating.

Spud-in 40

Spud-in Operator IT E&A 40

The Energy Law

NOVEMBER 28, 2022

The Infrastructure Investment and Jobs Act (IIJA), signed into law on November 15, 2021, amended Section 40307 of the Outer Continental Shelfs Act (OCSLA) to provide authority to the U.S. However, the DOI’s proposed implementing regulations authorized by the IIJA have yet to be issued for public comment.

Offshore 105

Offshore Operator E&A Pipeline 105

The Energy Law

MARCH 28, 2020

Those provisions include the following four significant changes to the business tax provisions contained in the 2017 Tax Cuts and Jobs Act. Taxpayers intending to take advantage of the expanded use of NOLs per the CARES Act should consider the impact on other changes in the tax law brought about by TCJA 2017.

E&A 40

E&A IT Operator Mechanic 40