Energy Central

MAY 6, 2024

oil production with an average daily production of 12.93 million bpd set in 2019. However, current data from the Energy Information Administration (EIA) shows that average daily production thus far in 2024 is 13.12 Last year marked a record for U.S. million barrels per day (BPD). million bpd — 7.1%

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Energy Central

DECEMBER 26, 2023

set a new annual oil production record on December 15, based on data from the Energy Information Administration. For reference, the previous record was set in 2019, the year before the Covid-19 pandemic.

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Energy Central

MAY 20, 2023

One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.” The previous annual record was set in 2019 at 12.3 Of course, we don’t yet know if oil production. Of course, we don’t yet know if oil production.

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Rextag

NOVEMBER 19, 2024

Where Is the Money for Energy Companies? As world leaders gather at the COP29 climate summit, a surprising trend is emerging: some of the biggest oil companies are scaling back their renewable energy efforts. Fossil fuels deliver higher returns than renewables, reshaping priorities across the energy industry.

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Reporting Oil and Gas

NOVEMBER 26, 2023

The Minister for Lands and Natural Resources, Samuel Abu Jinapor, commended President Akufo-Addo and Vice President Dr. Mahamudu Bawumia for the successful implementation of the Gold for Oil Policy, hailing it as a pivotal strategy that stabilized the local currency and alleviated fuel costs.

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The Energy Law

AUGUST 4, 2023

Produced water can also contain certain critical minerals that can be used for the development of clean energy technologies. [1] This statute, however, only applies to instruments executed after September 1, 2019. Those leases granted COG the exclusive right to produce “oil and gas” or “oil, gas and other hydrocarbons.”

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Energy Transfer

SEPTEMBER 4, 2024

Kelcy Warren, Executive Chairman and founder of Energy Transfer, has made a significant impact in both the energy industry and the realm of philanthropy. Warren has been recognized by numerous energy and business organizations for his innovative leadership and contributions to the industry.

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The Energy Law

MARCH 13, 2009

oil and natural gas producing companies should not receive federal subsidies in the form of tax breaks because their businesses contribute to global warming, U.S. Geithner explained, “we don’t believe it makes sense to significantly subsidize the production and use of sources of energy that are dramatically going to add to our climate change.

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Energy Central

MAY 11, 2023

A recent study provides a classic example of headlines not matching reality when it comes to reporting on oil and natural gas activities.

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The Energy Law

JANUARY 31, 2023

A Regulatory Increase to the Limits of Liability for Oil Pollution and an Amendment Exempting Small Passenger Vessels from the Limitation of Liability Act Present New Challenges for Vessel Owners U.S. First, the Coast Guard announced [1] increases to the liability limits in the Oil Pollution Act of 1990 (“OPA”). [2]

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Energy Central

MARCH 20, 2024

By EDF Blogs By Andrew Baxter “Very soon nobody is going to be able to hide from methane leakage,” Chevron CEO Mike Wirth said back in 2019. Now, the convergence of new satellites, new climate commitments and new market demands means that day is here. Some companies have been girding for it; others are lagging.

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The Energy Law

APRIL 2, 2019

On Friday, March 29, 2019, the City of New Orleans filed a lawsuit in Civil District Court against eleven oil and gas companies seeking damages for alleged harm to Louisiana’s coastal wetlands.

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Energy Central

OCTOBER 26, 2022

Domestic oil production remains nearly a million barrels per day (BPD) below the monthly record level set just before the Covid-19 pandemic caused production to plunge. The all-time monthly high for oil production took place in November 2019 at 13.0 The all-time annual high was also in 2019, when U.S. oil production is.

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The Energy Law

JULY 15, 2021

1] According to Senator Bret Allain (R-Franklin), author of Act 301, the purpose of this legislation is to avoid a similar issue Louisiana citizens are far more familiar with—the abandonment of orphaned oil and gas wells. [2] 6] See 2019 N.C. 1] [link]. [2] 2] [link]. [3] 4] [link]. [5] 5] [link]. [6] Laws 132 , available at [link].

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The Energy Law

SEPTEMBER 19, 2023

The proposal comes in the wake of a recent analysis commissioned by the Environmental Defense Fund, which found that oil and gas operators in Louisiana wasted over $16 million worth of gas in 2019 through venting and flaring alone, among other findings.

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Oil Gas Leads

MARCH 14, 2025

energy production, contributing 6.26.3 Of the 10-13 oil-bearing layers in the basin, the company is currently developing only 7-8 layers , leaving room for enhanced resource recovery. shale industry but also setting the stage for the next era of energy production. MMbpd , which is nearly half of the country’s total output.

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Rextag

FEBRUARY 13, 2025

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

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The Energy Law

APRIL 17, 2019

In a victory for the oil and gas industry, the Third Circuit rendered a decision rejecting attempts by the Louisiana Department of Revenue to impose severance taxes on crude oil production based on index pricing.

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The Energy Law

JUNE 19, 2013

Environmental Protection Agency (EPA or Agency) committed to improving air emissions data for the oil and natural gas production sector. EPA made this commitment in response to the Office of Inspector General’s February 20, 2013 report, “EPA Needs to Improve Air Emissions Data for the Oil and Natural Gas Production Sector” (pdf) (Report).

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The Energy Law

MARCH 31, 2021

Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d Randle , 02-18-00271-CV, 2019 WL 1716415, at *1 (Tex. 18, 2019, pet. Key Takeaway The Court’s holdings in BlueStone are particularly instructive for lessees and lessors entering into oil and gas agreements. 19-0459, 2021 WL 936175 (Tex.

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The Energy Law

OCTOBER 27, 2020

A 2019 analysis of upcoming projects in the floating offshore wind market showed a vast majority of floating offshore wind farms will be installed on semi-submersible platforms. [2] 4] Royal Dutch Shell increased its presence in the area through its acquisition of floating wind specialist, Eolfi, in November 2019. [5]

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The Energy Law

MARCH 31, 2021

Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d Randle , 02-18-00271-CV, 2019 WL 1716415, at *1 (Tex. 18, 2019, pet. Key Takeaway The Court’s holdings in BlueStone are particularly instructive for lessees and lessors entering into oil and gas agreements. 19-0459, 2021 WL 936175 (Tex.

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The Energy Law

APRIL 4, 2019

On March 29, 2019, the U.S. Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. 44991 (Aug. 1, 2008) – which allow for the elimination of the gravity component of the penalty rather than the entire penalty.

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The Energy Law

JULY 3, 2019

Last week the Texas Supreme Court granted review in Energy Transfer Partners, L.P. Energy Transfer Partners has garnered significant amicus support on both sides of the “v.” and has been closely followed by the energy industry. Oral argument before the Texas Supreme Court is scheduled for October 8, 2019.

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The Energy Law

OCTOBER 2, 2017

Hilcorp Energy Company, et al. Helis Oil & Gas Company, LLC, et al. Rozel Operating Company, et al. Parish of Plaquemines v. ConocoPhillips Company, et al. , and Parish of Plaquemines v. The Defendants picked Parish of Plaquemines v. Equitable Petroleum Corporation, et al. and Parish of Plaquemines v.

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The Energy Law

JUNE 8, 2020

BlueStone primes the Court to resolve a Texas appellate court split regarding whether a lease provision requiring royalties to be paid based on “gross” profits or value received from the sale of oil and gas production nullifies an “at the well” valuation point elsewhere in a lease. In 2019, the Court heard Burlington Res. 2d at 120-21.

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Rextag

DECEMBER 10, 2024

What does BPs latest move in offshore wind mean for its renewable energy strategy? The deal signals a shift in BPs approach to renewables, as it focuses on profitability while stepping back from aggressive green energy investments. Auchinclosss strategy reflects a broader industry trend. We cant grow alone, said JERA CEO Yukio Kani.

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The Energy Law

MARCH 31, 2021

Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d Randle , 02-18-00271-CV, 2019 WL 1716415, at *1 (Tex. 18, 2019, pet. The Court’s holdings in BlueStone are particularly instructive for lessees and lessors entering into oil and gas agreements. 19-0459, 2021 WL 936175 (Tex. BlueStone Nat.

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The Energy Law

JANUARY 31, 2020

The Texas Supreme Court issued an opinion today in Energy Transfer Partners, L.P This case began in 2011 when ETP and Enterprise explored the possibility of partnering to modify and extend, or construct anew, a pipeline to transport oil southbound from Cushing, Oklahoma. Enterprise Products Partners, L.P.,

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The Energy Law

OCTOBER 27, 2020

A 2019 analysis of upcoming projects in the floating offshore wind market showed a vast majority of floating offshore wind farms will be installed on semi-submersible platforms. [2] 4] Royal Dutch Shell increased its presence in the area through its acquisition of floating wind specialist, Eolfi, in November 2019. [5] 1] [link]. [2]

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The Energy Law

MARCH 31, 2022

For nearly three years, unit operators in Louisiana have waited to see whether the Western District of Louisiana would change course or double down on its March 2019 decision in Johnson v. Chesapeake.

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CG&A

DECEMBER 12, 2020

Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Proceed at your own risk! In addition, our plots include summary production, reserves and economics values at top right that match the cash flow page.

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The Energy Law

JUNE 3, 2019

On May 28, 2019, United States District Judge Martin Feldman issued a sixty-four page Order and Reasons which granted motions to remand filed by Plaquemines Parish and the State of Louisiana in The Parish of Plaquemines v. Riverwood Production Co., The cases were removed to Federal court by Defendants pursuant to 28 U.S.C.

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The Energy Law

JULY 15, 2021

1] According to Senator Bret Allain (R-Franklin), author of Act 301, the purpose of this legislation is to avoid a similar issue Louisiana citizens are far more familiar with—the abandonment of orphaned oil and gas wells. [2] 6] See 2019 N.C. 1] [link]. [2] 2] [link]. [3] 4] [link]. [5] 5] [link]. [6] Laws 132 , available at [link].

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Coolfire Core

FEBRUARY 20, 2020

The manufacturing, oil & gas, and transportation industries offer prime examples of successful IT/OT convergence. Oil and Gas Natural resource industries like oil & gas are becoming increasingly reliant on digital networks to oversee processing and distribution. from 2019 to 2025. billion by 2025, a CAGR of 21.6%

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The Energy Law

JANUARY 15, 2020

Lawsuits against fossil fuel companies: Investor Fraud Lawsuits: The first category of climate change litigation alleges that oil and gas companies defrauded investors by falsely stating that the company had fully considered the risks of climate change regulation and had factored those risks into its business operations. July 1, 2019).

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The Energy Law

JANUARY 2, 2020

In May 2018, oil and gas industry defendants removed a docket of 42 cases alleging violations of Louisiana’s coastal zone management laws to federal court in the Eastern and Western Districts of Louisiana (“CZM cases”). 18-5217, 2019 WL 2271118 (E.D. May 28, 2019). Auster Oil & Gas Incorporated, et al. (“ Auster ”), No.

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