The Energy Law

APRIL 4, 2023

While 30:10 was amended during the 2022 legislative session, the amendment preserved the limited obligation of remitting the royalty and overriding royalty burdens to the nonparticipating owner for the benefit of the royalty and overriding royalty owners.

Royalty 98

Royalty Operator Royalty Interest E&A 98

Vorys Energy

FEBRUARY 4, 2022

On February 1, 2022, the United States Court of Appeals for the Sixth Circuit affirmed the lower court’s decision in Zehentbauer Family Land, LP, et al. The Court held that the lessees’ payment of royalties based on amounts they received from sales to their affiliates at the well was proper and followed the language of the lease.

Royalty 40

Royalty E&P Downstream E&A 40

The Energy Law

MARCH 28, 2022

It is currently anticipated that primacy for Louisiana will be granted in late 2022 or early 2023. Article original published in the Society of Applied Geoscientists and Engineers Magazine, the SAGE MAGE, March 2022, vol. In addition to the unit order, the operator must receive approval for its injection wells. 30:1101-1111).

Underground Injection Control 98

Underground Injection Control Operator Exploration and Production Oil 98

Reporting Oil and Gas

NOVEMBER 26, 2023

In response to the depreciation of the Ghana Cedi in the last quarter of 2022, the government introduced the Gold for Oil Programme, utilizing gold produced within the country to purchase oil and alleviate pressure on the local currency. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.

Crude Oil 52

Crude Oil Oil Government Exploration and Production 52

The Energy Law

MARCH 31, 2022

Today, on March 31, 2022, the Western District of Louisiana reversed that ruling and applied the same rationale to a pending motion for partial dismissal in one of the putative class actions, Self v. Chesapeake. Neither contained any provision for attorney’s fees.

Operator 98

Operator Management E&A Gas 98

Aresco

FEBRUARY 14, 2024

Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022. Crude Oil Investing: A Guide for Accredited Investors Investing in Oil and Gas Royalties Explained What are Tangible Drilling Costs? Disclaimer The above general discussion is provided for background information only.

Oil 52

Oil Gas Crude Oil Exploration and Production 52

Aresco

NOVEMBER 30, 2023

This category includes lease acquisition fees, rentals, and royalty payments to property owners and mineral rights holders. Oil and gas tax deductions 2023 did not change significantly from oil and gas tax deductions 2022. Securing these rights is fundamental as it grants the legal authority to access and develop subsurface resources.

Exploration and Production 52

Exploration and Production Consulting Oil Professional Services 52