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concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. Now the case is before the Texas Supreme Court, with a recently submitted amicus brief containing the argument that could turn the tides back in the lessees’ favor. and several lessors, Michael A. Sheppard, et.
In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. Eastland June 1, 2021). Dils Co. , 2d 904 (Tex. Dawkins , 483 S.W.3d
19-0459, 2021 WL 936175 (Tex. While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. Burlington Resources Oil & Gas Co.,
On July 1, 2021, the Internal Revenue Service published Revenue Ruling 2021-13 , which provides guidance on three important issues related to the income tax credit for carbon oxide sequestration found in section 45Q of the Internal Revenue Code.
On June 29, 2021, the United States Supreme Court, in a 5-4 vote, held that a natural gas company’s right to condemn property for a pipeline under the Natural Gas Act includes the right to condemn state-owned property. 1] 19-1039, 2021 WL 2653262 (U.S. June 29, 2021). [2] In PennEast Pipeline Co.
On June 30, 2021, the Louisiana Supreme Court issued an opinion redefining the nature of available damages and the “actual, statutorily permitted role of the jury in Act 312 remediation lawsuits.” 6/30/2021); — So. In the landmark oilfield remediation case Corbello v. State of Louisiana v. Louisiana Land and Exploration Co.,
19-0459, 2021 WL 936175 (Tex. While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. Burlington Resources Oil & Gas Co.,
Winter Storm Uri sent shockwaves through Texas, freezing gas supplies at a time of critical need and plunging the state into widespread power outages. This recent case [ MIECO, L.L.C. With these common strings, this case could have implications (small or large) for other similar pending disputes across the state. Pioneer Nat.
Ragsdale , 2021-Ohio-4660 , the appellant attempted to extinguish a severed one-half oil and gas interest under the MTA. The appellees argued that the MTA did not extinguish the one-half oil and gas interest because the root of title deed contained a specific reference to the oil and gas interest.
Updated from May 18, 2021 post. On May 17, 2021, the United States Supreme Court issued a decision in the climate change litigation affecting the fossil fuel industry. 1447(d), a provision that specifically authorizes interlocutory appeal of an order remanding a case removed pursuant to the federal officer removal statute. .
19-0459, 2021 WL 936175 (Tex. While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. Burlington Resources Oil & Gas Co.,
5/25/21), 2021 WL 2102932, —So. 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., This opinion reinforces several key concepts in legacy cases.
2021) (“Henry Schein II”). The distributor argued that the inclusion of its request for injunctive relief brought the case under the carve-out in the arbitration provision. This is now the second time this case has been before the Supreme Court on issues of arbitrability. Henry Schein, Inc. Archer & White Sales, Inc.,
Also Read: Why European Oil Companies Face A Valuation Gap When Compared With US Peers Sources say that Nigeria LNG and other defendants put up a vigorous defence through their lawyers which led to the Federal High Court dismissing the case.
5/25/21), 2021 WL 2102932, —So. 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., This opinion reinforces several key concepts in legacy cases.
5/25/21), 2021 WL 2102932, —So. 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., This opinion reinforces several key concepts in legacy cases.
Jan 12, 2024) concerns how three related provisions in an oil and gas lease interact: (1) a royalty clause; (2) a free-use clause; and (3) an off-lease clause. When parties to an oil and gas lease reserve royalties, they stipulate where those royalties are to be valued—sometimes referred to as the “valuation point”—in the royalty clause.
filed) Mineral owners are often subject to general oil and gas lease forms that include provisions benefitting the surface estate. In this case, CT Land and Cattle and Cattle Co., The applicant, Ammonite Oil Gas Corporation, was in the business of acquiring State riverbed leases and then getting them included in adjacent pooled units.
24, 2021), the United States Court of Appeals for the Fifth Circuit addressed a question that has increasingly become a sticking point in Louisiana “legacy” cases: whether claims brought under a Louisiana citizen suit provision for alleged violations of state environmental regulations can be heard in federal court. 20-30224 (5th Cir.
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.
Maintaining that the plaintiff qualified as a seaman under controlling Fifth Circuit precedent but questioning that precedent in light of Supreme Court case law, the panel urged the Fifth Circuit to review the case en banc. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment.
Maintaining that the plaintiff qualified as a seaman under controlling Fifth Circuit precedent but questioning that precedent in light of Supreme Court case law, the panel urged the Fifth Circuit to review the case en banc. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment.
On June 30, 2021, the Louisiana Supreme Court issued an opinion redefining the nature of available damages and the “actual, statutorily permitted role of the jury in Act 312 remediation lawsuits.” 6/30/2021); — So. In the landmark oilfield remediation case Corbello v. State of Louisiana v. Louisiana Land and Exploration Co.,
The subsequent purchaser doctrine has been litigated extensively in Louisiana legacy cases involving claims for oilfield remediation. Energen Resources Corporation , 2021-0290 (La. 10/4/21), 2021 WL 4548529, —So. In Louisiana Wetlands, LLC v.
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.
24, 2021), the United States Court of Appeals for the Fifth Circuit addressed a question that has increasingly become a sticking point in Louisiana “legacy” cases: whether claims brought under a Louisiana citizen suit provision for alleged violations of state environmental regulations can be heard in federal court. 20-30224 (5th Cir.
What happens when language in the body of an assignment of oil and gas interests conflicts with descriptions in the exhibits? —El Paso 2021, pet. 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.
The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co. 18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). The Eagle II case is the second case that arose between TRO-X, L.P. (“TRO-X”) TRO-X”) and Eagle Oil & Gas Co. In the first, Eagle Oil & Gas Co.
Across all industries that we serve from Oil & Gas to biogas at landfill assets to dairy digesters, to the pulp and paper industry and other wastewater municipalities and facilities, we have made a concerted effort to build inventory in a number of strategic locations in case a hurricane or other weather event disrupts long-haul transport.
See 2021 WL 1432222 (Tex. The tables turned again at the Texas Supreme Court, which ultimately held that the boundary stipulation was valid and that the defendants conclusively established their ratification defense, but the case is still ongoing. The case then proceeded to trial on Concho’s counterclaims.
There are few cases interpreting these statutes. Plaintiff further argued that Miller was inapplicable because the unleased owner in that case “simply demanded the operator identify whatever interest the owner may have in any of the operator’s units.” 1] 2021 WL 956079 (W.D. 5, 2021). [2] and the penalty imposed in La.
There are few cases interpreting these statutes. Plaintiff further argued that Miller was inapplicable because the unleased owner in that case “simply demanded the operator identify whatever interest the owner may have in any of the operator’s units.” 1] 2021 WL 956079 (W.D. 5, 2021). [2] and the penalty imposed in La.
The Texas Supreme Court recently released its anticipated opinion in Eagle Oil & Gas Co. 18-0983, 2021 WL 1045723, at *1 (Tex. 19, 2021) (“ Eagle II ”). The Eagle II case is the second case that arose between TRO-X, L.P. (“TRO-X”) TRO-X”) and Eagle Oil & Gas Co. In the first, Eagle Oil & Gas Co.
3d —, 2021 WL115917, the Second Circuit affirmed summary judgment in favor of Comstock Oil & Gas, LLC, emphasizing not only the importance of the language of Comstock’s Master Service Agreement (“MSA”), but the absence of any contractual or actual operational control over the activities of its independent contractor.
3d —, 2021 WL115917, the Second Circuit affirmed summary judgment in favor of Comstock Oil & Gas, LLC, emphasizing not only the importance of the language of Comstock’s Master Service Agreement (“MSA”), but the absence of any contractual or actual operational control over the activities of its independent contractor.
For example, Pacific Gas and Electric Company (PG&E) implemented four rate increases for all customers in 2024 alone. In many cases, there sems to be little no choice but to pass some of the growing costs on to consumers. billion in 2021. PG&E is far from alone. What is energy flexibility? The UK provides a good example.
See 2021 WL 1432222 (Tex. The tables turned again at the Texas Supreme Court, which ultimately held that the boundary stipulation was valid and that the defendants conclusively established their ratification defense, but the case is still ongoing. The case then proceeded to trial on Concho’s counterclaims.
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.
There are few cases interpreting these statutes. Plaintiff further argued that Miller was inapplicable because the unleased owner in that case “simply demanded the operator identify whatever interest the owner may have in any of the operator’s units.” 1] 2021 WL 956079 (W.D. 5, 2021). [2] and the penalty imposed in La.
Grid resilience challenges were front and centre in February 2021, when Texas faced one of the most severe grid failures in recent U.S. Use cases and results emerging With extreme weather events becoming more frequent and severe, utilities are shifting their resilience strategies to account for long-term climate risks.
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.
It has a long recovery to get back to the boom days of 2021-22. In 2021 and 2022 SunPower made some poor decisions, selling everything but their residential business. SunPower bought Blue Raven in 2021. It has a CEO with a 20+ history in solar and an even longer history of success. The residential solar business is bottoming.
The NRC case is being argued at a time when President Donald Trumps administration has taken aim at various federal agencies in his campaign to downsize and overhaul the U.S. The NRC issued a license in 2021 to Interim Storage Partners to build a nuclear waste storage facility in Andrews County in Texas, near the New Mexico border.
Doughty of the Western District of Louisiana granted Plaintiff States’ request for an injunction to block the Biden Administration’s pause on new federal oil and gas lease sales (“Lease Pause”). 2:21-cv-00778-TAD-KK, 2021 WL 2154963 (W.D. June 15, 2021). Louisiana v. 3 & 4) The Balance of Equities and the Public Interest.
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