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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.
concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. See 13-19-00036-CV, 2020 WL 6164467, at *12 (Tex. 22, 2020, pet. Sheppard is a royalty dispute between several lessees, Devon Energy Production Co., and several lessors, Michael A. Sheppard, et.
On October 6, 2020, the Louisiana Supreme Court granted a writ application filed by UNOCAL in State of Louisiana, et al. Additionally, a motion to recuse was filed to remove Justice Crain from the case. Urging review, UNOCAL claimed that the decision at issue is likely to have a sweeping impact on pending and future Act 312 cases.
In two companion cases, a panel of the United States Court of Appeals for the Ninth Circuit decided whether a federal district court could properly exercise jurisdiction over climate change suits brought against energy companies by cities and counties in California. In City of Oakland et al. BP PLC et al. 1442(a)(1).
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”). Auster Oil & Gas Incorporated, et al. (“ Auster ”), No. 18-677, 2019 WL 4734394 (W.D.
In a case brought by the Sierra Club and other environmental groups, a federal court in Maryland has seriously unsettled oil and gas operations in the Gulf of Mexico, ruling that a 2020 decision by the National Marine Fisheries Service violates the Endangered Species Act. District Court for the District of Maryland Aug.19
of Review , 2020-0200 (La. 10/20/2020), 341 So. 3d 492, which addressed similar issues in the context of oil and gas assets, did not apply. In addition, the Assessor argued that the Louisiana Supreme Court decision in D90 Energy, LLC v. Jefferson Davis Parish Bd. Contact Cheryl Kornick or Robert Angelico for more information.
Those leases granted COG the exclusive right to produce “oil and gas” or “oil, gas and other hydrocarbons.” In 2019 and 2020, the property’s surface owners transferred all of their water rights to Cactus, including the right to any water produced from oil and gas wells.
On October 6, 2020, the Louisiana Supreme Court granted a writ application filed by UNOCAL in State of Louisiana, et al. Additionally, a motion to recuse was filed to remove Justice Crain from the case. Urging review, UNOCAL claimed that the decision at issue is likely to have a sweeping impact on pending and future Act 312 cases.
What started in 2020 as a proposed joint rulemaking between the DOI’s Bureau of Safety and Environmental Enforcement (“BSEE”) and Bureau of Ocean Energy Management (“BOEM”) was recently finalized as a stand-alone BSEE rule addressing decommissioning. BSEE’s final rule can be found at 88 Fed. 23569 (April 18, 2023).
2020-00685 (La. In the landmark oilfield remediation case Corbello v. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. After the LL&E I decision, the case went to trial in 2015. State of Louisiana v. Louisiana Land and Exploration Co., 6/30/2021); — So. 3d — (“ LL&E II ”). [1].
2020-0622 (La. 3d—, the Louisiana First Circuit recently reaffirmed well-settled principles regarding prescription and the subsequent purchaser doctrine in Louisiana legacy cases. In this case, Lexington Land sued Chevron U.S.A., In this case, Lexington Land sued Chevron U.S.A., In Lexington Land Development, L.L.C.
1] Prior to the Pennsylvania ruling, there were two seminal cases that have addressed the issue and reached conflicting results. 2] Both the trial court and the appellate court awarded damages to the plaintiffs for the gas drained. Chesapeake Appalachia, L.L.C. [4]
2020-0622 (La. 3d—, the Louisiana First Circuit recently reaffirmed well-settled principles regarding prescription and the subsequent purchaser doctrine in Louisiana legacy cases. In this case, Lexington Land sued Chevron U.S.A., In this case, Lexington Land sued Chevron U.S.A., In Lexington Land Development, L.L.C.
2020-0622 (La. 3d—, the Louisiana First Circuit recently reaffirmed well-settled principles regarding prescription and the subsequent purchaser doctrine in Louisiana legacy cases. In this case, Lexington Land sued Chevron U.S.A., In this case, Lexington Land sued Chevron U.S.A., In Lexington Land Development, L.L.C.
This case is one of a number of cases brought by states, cities, and other municipalities against energy companies alleging that the companies contributed to climate change. Climate Change Litigation: 2020 Update, January 15, 2020 ; (2) Climate Change Jurisdiction: U.S.
3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. 1349(b)(1).
3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. 1349(b)(1).
Below, we reflect on the deal and walk through what might be next for the play now that gas prices are back in the mid $2/Mcf range. We ran a scenario analysis that ranged from ~$140MM up to ~$415MM with a median case of $260MM, relatively close to the actual closing price of $264.5MM. Source: Novi Insight Engine. Bcf/d in Q1/24.
10] While the rule does not specify whether the new limits apply retroactively to oil spills that occur before the effective date, case law indicates that the change will be prospective only. [11] 21] These efforts usually fail, but occasionally—as in the case of MORRO CASTLE and now CONCEPTION—they succeed, even if only partially.
In 2020, the Texas Supreme Court released its opinion in Piranha Partners v. Citation - The Latest Twist The Texas Supreme Court revisited the issue of harmonizing an assignment’s broad body and descriptive exhibits in the recent case, Occidental Permian, Ltd. Citation 2002 Inv. LLC , 689 S.W.3d 3d 899 (Tex.
What happens when language in the body of an assignment of oil and gas interests conflicts with descriptions in the exhibits? 2020) and Posse Energy, Ltd. As is usually the case with contract interpretation, clarity and specificity are paramount. 23-0037, 2024 Tex. LEXIS 369 (May 17, 2024) and the previous appellate history.
On September 14, 2014, James Mays, a valve technician and an employee of Furmanite American (“Furmanite”) died while servicing valves on a platform that was part of Chevron’s gas gathering system and located in Louisiana’s territorial waters. Mays , 2020 WL 4432025, at *1. Chevron Pipe Line Co. The jury found there was. of the award.
The Louisiana Supreme Court addressed the role of the Louisiana Tax Commission in its decision in the case of D90 Energy, LLC v. 2020-C000200. Liskow & Lewis filed the amicus curiae brief on behalf of the Louisiana Oil and Gas Association in the D90 matter. Jefferson Davis Parish Board of Review , No.
The Louisiana Supreme Court addressed the role of the Louisiana Tax Commission in its decision in the case of D90 Energy, LLC v. 2020-C000200. Liskow & Lewis filed the amicus curiae brief on behalf of the Louisiana Oil and Gas Association in the D90 matter. Jefferson Davis Parish Board of Review , No.
2020-00685 (La. In the landmark oilfield remediation case Corbello v. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. After the LL&E I decision, the case went to trial in 2015. State of Louisiana v. Louisiana Land and Exploration Co., 6/30/2021); — So. 3d — (“ LL&E II ”). [1].
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. Sometimes this is the case, but not always.And have there been enough 2.0 Published on October 7, 2020 view full article here. mile, to 1.5
With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. In 1996, the Court issued the first of its now infamous holdings on the deductibility of post-production costs from oil and gas royalties. Oil & Gas Co. Heritage Resources , 939 S.W.2d
On July 15, 2020, The Third Circuit Court of Appeals issued an opinion awarding damages for a violation of due process rights against a private pipeline company. In their brief, the Defendants cite the following quote from the United States Court of Appeals, Fifth Circuit case of Archbold-Garrett v. 7/15/20), 2020 WL 4001135, *2 n.
At trial, the mineral servitude owner testified that in 2005, the Cotton Valley drilling activity was ramping up and other operators near the servitude successfully drilled gas wells. He also testified that the amount of production and gas prices at the time provided an incentive to keep the mineral servitude alive. 1] 53,252 (La.
In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.
In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites. Employment Agreements.
billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. As a result, the federal government, which drafted a record-breaking budget of $34 billion for 2020, has had to look for other ways to boost oil revenues.
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
Canada border was substantially completed before the end of 2020. The outcome of this case could have a significant impact on his strategy going forward. [1] The outcome of this case could have a significant impact on his strategy going forward. [1] In March 2019, President Trump again issued the cross-border permit. [11]
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