The Energy Law
JULY 1, 2021
Sheppard is a royalty dispute between several lessees, Devon Energy Production Co., 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. and several lessors, Michael A. Sheppard, et.
The Energy Law
JUNE 8, 2020
With the prevalence of cases involving royalty disputes in Texas, the state’s Supreme Court has never hesitated to address these issues. But the Court’s sporadic holdings regarding royalty clauses, each so specific to the particular language of the lease, have left lessees on unsteady footing. Heritage Resources , 939 S.W.2d
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The Energy Law
MARCH 11, 2020
UNOCAL also reserved a 3% overriding royalty. Oral argument has been tentatively set for the week of April 27, 2020. UNOCAL assigned operating rights in the leases to ATP, who later assigned 20% of those rights to Sojitz. UNOCAL retained rights as to certain depths, but never conducted any lease operations whatsoever at any depth.
The Energy Law
APRIL 30, 2020
A special meeting of the Louisiana State Mineral and Energy Board was held on April 29, 2020, to address the impacts of both COVID-19 and historically low oil prices on operation and maintenance of Louisiana State Leases. The Board approved two proposed resolutions (1. Proposed Enforcement Moratorium Resolution 2.
Drillers
MARCH 24, 2020
Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. 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 Energy Law
OCTOBER 26, 2020
The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. The 2020 election is less than two weeks away, and the stark differences between each candidate’s energy policies highlight what this election may mean to the oil and gas industry. away from its reliance on fossil fuels.
The Energy Law
OCTOBER 26, 2020
The 2020 Presidential candidates, Republican Donald Trump and Democrat Joe Biden, have divergent positions on U.S. The 2020 election is less than two weeks away, and the stark differences between each candidate’s energy policies highlight what this election may mean to the oil and gas industry. away from its reliance on fossil fuels.
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