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

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. management of the affairs of another) which provides managers with reimbursement rights for all necessary and useful expenses.

Operator 98

Operator Management E&A Gas 98

The Energy Law

NOVEMBER 28, 2022

The two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework. In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS.

Offshore 105

Offshore Operator E&A Pipeline 105

Oil and Gas Investments

NOVEMBER 27, 2024

A pre-feasibility study was done on the deposit in October 2022. Part of the funding for Autazes will come from a royalty agreement with Franco Nevada. That is $1M for the option – the purchase price of the royalty will be based on a 12.5% There is also a 2% royalty that will be paid to the Brazilian government.

Casing 52

Casing Exploration and Production Royalty Transportation 52