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Oil Review Middle East - Untitled Article

Oil Review Middle East

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.

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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s

The Energy Law

19-0459, 2021 WL 936175 (Tex. produced from said land in all operations which Lessee may conduct hereunder [.]” The lease language providing for the free use of gas operations hereunder did not include gas used off-lease premises or for the benefit of third parties. Burlington Resources Oil & Gas Co., 3d 198, 211 (Tex.

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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

19-0459, 2021 WL 936175 (Tex. produced from said land in all operations which Lessee may conduct hereunder [.]” The lease language providing for the free use of gas operations hereunder did not include gas used off-lease premises or for the benefit of third parties. Burlington Resources Oil & Gas Co., 3d 198, 211 (Tex.

Royalty 52
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Texas Supreme Court Update: The Court Decides Issue of First Impression Related to the Scope of an Oil and Gas Lease’s Free-Use Clause and Further Interprets Conflicting Royalty Clause Provisions

The Energy Law

19-0459, 2021 WL 936175 (Tex. produced from said land in all operations which Lessee may conduct hereunder [.]” The lease language providing for the free use of gas operations hereunder did not include gas used off-lease premises or for the benefit of third parties. Burlington Resources Oil & Gas Co., 3d 198, 211 (Tex.

Royalty 40
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Who Can Enforce Surface Provisions in an OGL?

Producer's Edge

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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