Remove 2020 Remove E&A Remove Oil
article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

E&P 130
article thumbnail

Latest Version of Louisiana Property Protection Bill Grants an Exception to Oil and Gas Investment By Companies Controlled By Countries Deemed a โ€œForeign Adversaryโ€

The Energy Law

However, HB 537 provides an exception for those โ€œadversaryโ€ entities who have already been conducting oil and gas operations in the state. billion dollarsโ€™ worth of holdings in 2020. Sponsored by Rep. Valerie Hodges, Louisiana House Bill No. The bill ties the definition of โ€œforeign adversariesโ€ to 15 CFR 7.4(a),

Oil 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. Climate Change Litigation: 2020 Update

The Energy Law

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.

Casing 52
article thumbnail

Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] The following blog is distilled from Intelligence Research (EIR) publications and EIRs very own Andrew Dittmars media statements on the Diamondback acquisition. million per location. [2] million per location. [2]

Operator 130
article thumbnail

Overturning 8 Years of โ€œPalpable Error,โ€ The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

The โ€œ LL&E II โ€ decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. 2020-00685 (La. 3d โ€” (โ€œ LL&E II โ€). [1]. Background of Legacy Litigation and LL&E I . LL&E II , at *2. The LL&E II Decision.

E&A 105
article thumbnail

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

The Energy Law

Union Oil Co. 2003) (โ€œthe regulations govern the partiesโ€™ joint and several liabilities vis-ร -vis the Government not amongst themselvesโ€) and Total E&P USA, Inc. Marubeni Oil & Gas (USA), Inc. , Sojitz Energy Venture, Inc. of California , 394 F. 3d 687 (S.D. UNOCAL also reserved a 3% overriding royalty. 611 (Bankr.

Royalty 52
article thumbnail

One Manโ€™s Waste is Another Manโ€™s Treasure: Texas Appellate Court Holds that Produced Water Belongs to Mineral Owners

The Energy Law

Those leases granted COG the exclusive right to produce โ€œoil and gasโ€ or โ€œoil, gas and other hydrocarbons.โ€ Produced waterโ€”a substance traditionally considered to be a useless byproduct of fracingโ€”has recently become a valuable product that can be treated and sold to operators for drilling. But more than minerals are released.

Oil 98