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2019 ABA Private Target Mergers & Acquisitions Deal Points Study

The Energy Law

The 2019 version of the study analyzes a greater number of transactions at 151 M&A deals that were executed or closed during calendar year 2018 and the first quarter of 2019 with transaction values ranging from $17 million to $500 million. These new data points are flagged for the reader.

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Fifth Circuit to Hold Oral Argument in Sojitz v. UNOCAL in April 2020

The Energy Law

250, Subpart N, as support for the notion that “BSEE’s primary enforcement mechanisms for violations of the decommissioning regulations are civil fines and criminal penalties,” police powers to which Sojitz cannot subrogate. UNOCAL also cites to OCSLA and BSEE’s regulations at 30 C.F.R. § Parker Drilling Co. , 3d 558, 563 (5th Cir.

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Ninth and Fifth Circuits Split on Issue of Punitive Damages Under Maritime Law

The Energy Law

23, 2018). Alleging that the lack of an exhaust mechanism made the vessel unseaworthy, the plaintiff sued the vessel owner for unseaworthiness, seeking punitive damages among other remedies. Dutra Group , No. 15-56775 (9th Cir.

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Supreme Court of Pennsylvania Weighs in on Hydraulic Fracturing and Subsurface Trespass

The Energy Law

12] Accordingly, the rule of capture is not rendered inapplicable simply because hydraulic fracturing provides an additional mechanism by which operators stimulate production. 14] The Supreme Court of Pennsylvania’s recent decision in Briggs does provide some additional guidance moving forward. Ethyl Corp. , 2d 771 (8th Cir.1975)).

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Third Circuit Issues Long-Awaited Ruling in OPA Liability Case

The Energy Law

On March 29, 2018, the United States Court of Appeals for the Third Circuit issued its ruling in In re: Petition of Frescati Shipping Co., Failure to assert a defense through the proper procedural mechanism may result in waiver (in CARCO’s case, significantly increasing the amount owed on the judgment).

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CARES Act Makes Significant Changes to Four Key Business Tax Provisions Enacted in the Tax Cuts and Jobs Act of 2017

The Energy Law

This means, for example, that an NOL incurred for tax year 2017 could be carried forward to offset as much as 100 percent of taxable income for tax year 2018, rather than only 80 percent of such income, in order to obtain a refund of income tax paid for tax year 2018.

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