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Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] Although the recent Diamondback deal sets a new benchmark at $7 million per location, exceeding a comparable 2023 Permian deal of OXY’s CrownRock acquisition at $4.8 million per location. [2]
It covers total production figures, performance by key operators, and state-level contributions, focusing on key basins such as the Permian Basin, Appalachian Basin, Denver-Julesburg (DJ) Basin, Onshore and Offshore Gulf of America (Mexico), Williston Basin, and Greater Anadarko Basin. in 2023 compared to 2022 but recovered slightly by 0.4%
The Act includes many changes for the maritime industry, specifically for owners and operators of vessels. The below checklist, current as of March 3, 2023, summarizes the required operational and onboard changes. Communications include firm news, insights, and events.
A federal court enjoined that resolution on the basis that the parish does not have the authority to regulate CCUS operations. [2] A federal court enjoined that resolution on the basis that the parish does not have the authority to regulate CCUS operations. [2] 1] Many more bills are expected to be filed. 1] House Bill No.
9] HB 571, which would make comprehensive changes to the CCS statutes, including notice provisions to local authorities, allocation of funds to local authorities, and increased financial and regulatory requirements on operators. [10] Helena Parish. [2] 6] HB 453, which would prohibit all CCS facilities except in the Gulf of Mexico. [7]
On Friday, March 31, 2023, Representative Larry Bagley of Louisiana’s District 7 proposed amendments to Louisiana Revised Statutes § 30:10. Further, it would be a departure from present law, which only requires the operators to remit such payments to the nonparticipating owner for the benefit of its lessors and overriding royalty owners.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc. In addition, the conference live webcast reaches a global audience of virtual attendees.
3] When the source of the discharge is a vessel, the “responsible party” is the owner, operator, or demise charterer of that vessel. [4] A Regulatory Increase to the Limits of Liability for Oil Pollution and an Amendment Exempting Small Passenger Vessels from the Limitation of Liability Act Present New Challenges for Vessel Owners U.S.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc. In addition, the conference live webcast reaches a global audience of virtual attendees.
A federal court enjoined that resolution on the basis that the parish does not have the authority to regulate CCUS operations. [2] Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. Helena Parish. [3]
9] HB 571, which would make comprehensive changes to the CCS statutes, including notice provisions to local authorities, allocation of funds to local authorities, and increased financial and regulatory requirements on operators. [10] Helena Parish. [2] 6] HB 453, which would prohibit all CCS facilities except in the Gulf of Mexico. [7]
21-0461, 2023 WL 3028100 (Tex. 2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. In Point Energy Partners Permian, LLC v. MRC Permian Company , — S.W.3d
The proposal comes in the wake of a recent analysis commissioned by the Environmental Defense Fund, which found that oil and gas operators in Louisiana wasted over $16 million worth of gas in 2019 through venting and flaring alone, among other findings. If you have further questions, contact Liskow’s Cristian Solar or James Lapeze.
Accordingly, auditing of royalty payments was left to the Mineral Board’s internal accountants, and when an issue arose as to whether royalty payments were made correctly, the Mineral Board’s land personnel and internal counsel would oversee sending demands and pursuing litigation against the State’s mineral lessees and well operators.
On October 30, 2023, the U.S. Claimants offered a creative argument that they could recover for economic damages based on the integrated unit exception to Robins Dry Dock because the platform and wells were physically attached and operated as a collective unit under the claimants’ umbrella of companies. 21-1062, 2023 WL 7128849 (E.D.
250.1701 providing that RUE holders and prior lessees or owners of operating rights of the parcel on whose leases there existed facilities or obstructions that remain on the RUE are jointly and severally liable for meeting accrued decommissioning obligations. . 250.1700, et seq. BSEE added a new paragraph (c) to 30 C.F.R.
Bureau of Ocean Energy Management (BOEM) held its long-anticipated offshore wind lease sale for the federal Outer Continental Shelf (OCS) in the Gulf of Mexico (GOM) on Tuesday, August 29, 2023. Disappointingly, the sale resulted in a single $5.6 RWE, as the provisional winner, earned two bidding credits from this auction.
Like traditional exploration and development, CCUS projects require the operator to secure both the necessary private property rights from landowners as well as regulatory approval from the appropriate administrative agency in order to proceed. In addition to the unit order, the operator must receive approval for its injection wells.
As of June 2023, 146 countries have ratified or adopted the International Maritime Organization’s (“IMO”) International Convention on Civil Liability for Oil Pollution Damage, 1992 (the “CLC”). The greater of $2,500 per gross ton or $21,521,300 CLC 92 Vessel Size 2023 Limit of Liability 3 <5,000/GRT 4.51 <3,000/GRT 2.
On May 17, 2023, the United States District Court for the District of Massachusetts dismissed plaintiffs’ challenges to the Vineyard Wind Project—the United States’s first major offshore wind project. The plaintiffs’ arguments centered mostly on the project’s impact on an endangered species, the North Atlantic right whale.
On May 25, 2023, the Nation’s first U.S.-built built offshore wind substation departed from a Texas fabrication facility where Danish multinational energy company, Ørsted, and domestic energy provider, Eversource, partnered to build the revolutionary vessel. the largest U.S. the largest U.S. 1331 et seq. back in 2021. documented under U.S.
As of June 7, 2023, a bill aiming to prohibit entities controlled by “foreign adversaries” from buying, leasing, or otherwise acquiring immovable property in the state has passed both the Louisiana House and Senate and is now awaiting the Governor’s approval. Sponsored by Rep. Valerie Hodges, Louisiana House Bill No.
On December 20, 2023, the Louisiana Department of Environmental Quality (“LDEQ”) issued regulations implementing the state’s first-ever voluntary environmental self-audit program. Pursuant to La. Part 68 and LAC § 33:III.5901; LAC § 33:I.7007(A). EPA and Texas’s programs exclude similar violations. Penalty Reduction Requirements. LAC § 33:I.7009(E).
Produced water—a substance traditionally considered to be a useless byproduct of fracing—has recently become a valuable product that can be treated and sold to operators for drilling. This substance can be dangerous to the environment, so operators are required to carefully dispose of it—a costly endeavor.
On October 18, 2023, the EPA published a Supplemental Notice of Proposed Rulemaking (“SNPR”) regarding incidental discharges from vessels, proposing national performance standards under the Vessel Incidental Discharge Act (“VIDA”). It also requires the U.S. The USCG will then have two years to develop and finalize corresponding regulations.
22-0095, 2023 WL 3556695 (Tex. 2023), the Texas Supreme Court held that, as a matter of law, the operator of a joint operating agreement, Ovintiv, did not owe interest on production payments owed to the non-operator, 1776 Energy, that Ovintiv withheld until a separate lawsuit involving 1776 Energy was resolved by the Texas Supreme Court.
On November 13, 2023, the U.S. Coast Guard published Policy Letter 23-05 which provides the first actual guidance for vessel owners and operators on the expectations for the surveillance equipment that they are required to install and maintain under the Safer Seas Act, which became law in December 2022 as part of the James M.
On June 15, 2023, the United States Court of Appeals for the Fifth Circuit held that the State of Louisiana lacked standing to challenge the National Marine Fisheries Service (NMFS) Final Rule requiring certain shrimping vessels in Louisiana waters to use turtle excluder devices (TEDs).
The Louisiana Legislature’s 2023 Regular Session begins on April 10th, and last Friday, Louisiana Senator Allain of District 21 filed SB 154 proposing to enact a statutory framework directly governing the rights and obligations of parties to renewable energy leases. 122); The lessee of a renewable energy lease would be “bound to.
The 2023 Louisiana Regular Session has ended. HB 571 by Speaker Schexnayder was the only one of the nine CCS bills filed in the House to pass. HB 571 provided a balanced approach between providing additional protections for local governments and communities while permitting the CCS industry in Louisiana to move forward.
The 2023 Louisiana Regular Session has ended. HB 571 by Speaker Schexnayder was the only one of the nine CCS bills filed in the House to pass. HB 571 provided a balanced approach between providing additional protections for local governments and communities while permitting the CCS industry in Louisiana to move forward.
Louisiana Department of Environmental Quality , 2023-CA-0578. The court stated, “[W]e find the directives from the Louisiana Supreme Court in Save Ourselves ,… which require consideration of ‘economic, social, and other factors,’ broad enough to include an analysis of environmental justice, as defined by the EPA.” What is EJ?
In 2023, this one-of-a-kind compression technology allowed us to reduce our emissions in Texas by 789,908 tons of carbon dioxide (CO 2 ), up from 752,062 tons in 2022 using 82 Dual Drive units running on electricity approximately 80 percent of the time. Also of note are advancements U.S. Its nice to know that the U.S.
21-0146, 2023 WL 2053175 (Tex. 17, 2023), in which it re-affirmed the axiomatic principle that a text retains the same meaning in the present day as when it was drafted. The Texas Supreme Court recently released its opinion in Van Dyke v. Navigators Grp. , Dils Co. , 2d 904 (Tex.
19, 2023) (“ D.C. A federal appeals court has affirmed that a “greenwashing” lawsuit by the District of Columbia against several major energy companies should not be heard in federal court. District of Columbia v. Exxon Mobil Corporation, et al., 22-7163 (Dec. Exxon ”), at p. Part II summarizes the jurisdictional analysis in D.C.
The Bureau of Ocean Energy Management (BOEM), a sub-agency within Interior, promulgated regulations in 2009 which set forth the procedure for leasing, siting, construction, and operation of offshore wind projects. The Construction and Operations Plan for this project was approved by BOEM in 2021. Over the past year, the U.S.
Week 1 Update (4/14/2023): And it begins. HB 571 would make comprehensive changes to the CCS statutes, including notice provisions to local authorities, allocation of funds to local authorities, and increased financial and regulatory requirements on operators. The other eight house bills on CCS will be scheduled at a later date.
On December 7, 2023, the Environmental Protection Agency (EPA) disapproved the state implementation plan (SIP) revisions for the Baton Rouge ozone nonattainment area that Louisiana set forth in response to EPA’s 2015 SIP Call rule. 85112 (December 7, 2023). 85112 (December 7, 2023). K Startup and Shutdown, in its place.
Nannen, the analysis of these factors will be covered in a later phase, after a lease is obtained and a construction and operations plan for a specific project is submitted. The scope of the draft EA includes the entire 30-million-acre Call Area, as it is a programmatic assessment and may be used for more than 1 lease sale. According to Ms.
On January 27, 2023, the Louisiana Supreme Court issued a ruling involving claims for negligent infliction of emotional distress (“NIED”) absent physical damage. In Spencer v. Valero Refining Meraux, LLC , 2022-00469 (La. 1/27/23), — So.
On December 16, 2022, Congress passed the National Defense Authorization Act of 2023 which contains a material expansion of the United States Maritime Administration’s Capital Construction Fund Program. The Capital Construction Fund (“CCF”) program is designed to encourage owners of U.S. flagged vessels by offering tax incentives to do so.
2023-N02 (March 24, 2023). The DOI’s Bureau of Safety and Environmental Enforcement (“BSEE”) is slated to make further revisions to its decommissioning regulations, following other decommissioning amendments made last year as previously reported on The Energy Law Blog. BSEE’s 2024 decommissioning rule would update 30 C.F.R. 86285 (Dec.
According to the 2023 State of the Port Address , the terminal is expected to generate 32,000 new jobs nationwide, 18,000 in Louisiana, and 4,300 in St. The Port of New Orleans has been awarded a $73.8 million federal grant to support the initial construction of its Louisiana International Terminal (LIT) project in St. Bernard Parish.
The first federal offshore lease auction in the Gulf of Mexico (GOM) region was held in August 2023, which resulted in RWE Offshore US Gulf, LLC securing one lease offshore Lake Charles, Louisiana. Meanwhile, the State of Louisiana has negotiated two operating agreements for offshore wind in state waters.
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