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

Oil & Gas 360ยบ

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.

E&P 130
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Strategies for Operators to Stay Ahead in a Hot M&A Market

Enverus

1] In order for private and mid-sized operators to stay competitive in todays market, operators should explore opportunities in less consolidated basins, consider joint ventures or position themselves as attractive acquisition targets. million per location. [2] million per location. [2]

Operator 130
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Overturning 8 Years of โ€œPalpable Error,โ€ The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

Louisiana Land and Exploration Co., 2020-00685 (La. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. Louisiana Land and Exploration Co., State of Louisiana v. 6/30/2021); โ€” So. 2d 686 (La.

E&A 105
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BSEEโ€™s Updated Decommissioning Rules Address RUEs and Formalize Predecessor Enforcement Practices

The Energy Law

What started in 2020 as a proposed joint rulemaking between the DOIโ€™s Bureau of Safety and Environmental Enforcement (โ€œBSEEโ€) and Bureau of Ocean Energy Management (โ€œBOEMโ€) was recently finalized as a stand-alone BSEE rule addressing decommissioning. 250.1700, et seq. .

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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

billion dollarsโ€™ worth of holdings in 2020. With the stateโ€™s future so thoroughly reliant on oil and gas exploration and production, legislation aimed at blocking entities that could otherwise be willing and able to participate in the stateโ€™s energy industry could seem ill-advised.

Oil 98
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Trudging the Rocky Landscape of Royalty Dispute Litigation with the Texas Supreme Court Yet Again in BlueStone

The Energy Law

BlueStone primes the Court to resolve a Texas appellate court split regarding whether a lease provision requiring royalties to be paid based on โ€œgrossโ€ profits or value received from the sale of oil and gas production nullifies an โ€œat the wellโ€ valuation point elsewhere in a lease. Heritage Res., NationsBank , 939 S.W.2d 2d 118, 120-21 (Tex.

Royalty 52
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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration. How did this happen? Exxon comes next: the U.S.

Oil 52