Oil Review Middle East
MARCH 10, 2025
Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.
The Energy Law
MARCH 31, 2021
19-0459, 2021 WL 936175 (Tex. Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions The Texas Supreme Court recently issued its anticipated decision in BlueStone Natural Resources II, LLC v. Randle , affirming in part and reversing in part the lower court’s ruling. Burlington Resources Oil & Gas Co.,
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The Energy Law
MARCH 31, 2021
19-0459, 2021 WL 936175 (Tex. The Texas Supreme Court recently issued its anticipated decision in BlueStone Natural Resources II, LLC v. Randle , affirming in part and reversing in part the lower court’s ruling. Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d 3d 198, 211 (Tex.
The Energy Law
JULY 1, 2021
The lessees argued before the court of appeals that downward adjustments to the sales price to account for post-transfer costs are not subject to the “add-back” provision because appellants never “directly or indirectly” incurred the costs at issue—instead, the downstream purchaser incurred those costs. See BlueStone Nat. Randle , 620 S.W.3d
The Energy Law
MARCH 31, 2021
19-0459, 2021 WL 936175 (Tex. The Texas Supreme Court recently issued its anticipated decision in BlueStone Natural Resources II, LLC v. Randle , affirming in part and reversing in part the lower court’s ruling. Factual and Procedural Background. Burlington Resources Oil & Gas Co., Texas Crude Energy LLC , 573 S.W.3d 3d 198, 211 (Tex.
Producer's Edge
JANUARY 27, 2025
The Court disagreed, reasoning that although the lessee was obligated to pay a royalty on all gas produced, the lessee was entitled to convert its downstream sales price into an at-the-well market value by deducting from its sales price the value of the gas that was used off the premises to prepare other royalty-bearing gas for sale.
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