Remove 2020 Remove Exploration and Production Remove Operator
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] – Andrew Dittmar, Principal Analyst Enverus Intelligence Research [1] How This Deal Affects Mid-Size Operators 1. . million per location. [2] million per location. [2]

Operator 130
article thumbnail

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

Oil & Gas 360º

(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
Insiders

Sign Up for our Newsletter

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

article thumbnail

BSEE’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 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. 250.1700, et seq. BSEE added a new paragraph (c) to 30 C.F.R.

article thumbnail

Overturning 8 Years of “Palpable Error,” 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. Louisiana Land and Exploration Co., The Energy Law Blog will explore the import of the prescription ruling in a separate post. State of Louisiana v. 6/30/2021); — So.

E&A 105
article thumbnail

Latest Version of Louisiana Property Protection Bill Grants an Exception to Oil and Gas Investment By Companies Controlled By Countries Deemed a “Foreign Adversary”

The Energy Law

However, HB 537 provides an exception for those “adversary” entities who have already been conducting oil and gas operations in the state. billion dollars’ worth of holdings in 2020. Valerie Hodges, Louisiana House Bill No. The bill ties the definition of “foreign adversaries” to 15 CFR 7.4(a),

Oil 98
article thumbnail

U.S. Customs Revokes Recent Offshore Wind Ruling; Maintains Uncertainty Whether the Jones Act Applies to Wind Farm Installations on the OCS

The Energy Law

On July 15, 2020, the Unites States Customs and Border Protection (“CBP”) issued a ruling (HQ H309672) in connection with the installation of an offshore wind farm located off the coast of Rhode Island and Massachusetts in U.S. The Jones Act applies to activities and operations, such as the installation of a wind farm, in U.S.

article thumbnail

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?

Oil 52