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Can PGP Qualify for Condemnation Authority?

Producer's Edge

The issue in this case, Right-Way Sand Co. 01-23-00573-CV, 2024 WL 1862861 (Tex. 30, 2024, pet. 2022), the Texas Supreme Court held that PGP is an “oil product” qualifying for statutory condemnation authority under section 2.105 of the Business Organizations Code because it is derived from crude oil.

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Winter Storm Uri and Force Majeure: The Legal Battles Continue

Producer's Edge

This recent case [ MIECO, L.L.C. 2024)] delves deep into pivotal force majeure issues tied to the NAESB form and arising out of Winter Storm Uri. With these common strings, this case could have implications (small or large) for other similar pending disputes across the state. Pioneer Nat. 4th 710 (5th Cir. 3d 419 (5th Cir.

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ConocoPhillips Q4 2024 Earnings Call: Key Updates on the Permian Basin

Oil Gas Leads

ConocoPhillips provided significant insights into its Permian Basin operations during its Q4 2024 earnings call, highlighting efficiency improvements, capital discipline, non-core asset sales, and potential growth opportunities tied to increasing U.S. “We dont see anything different from the acquisition case. power demand.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (“Mcf”) of natural gas to one barrel (“Bbl”) of oil.

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Top oil executives reckon with downturn even as Trump cheers them on

Oil & Gas 360º

His rapid pivot on foreign policy with Russia could upend global oil flows and reduce the European market for U.S. oil and gas, if the U.S. eases sanctions on Russian energy in the case of a deal to end the war in Ukraine. His termination of a license that allowed for Venezuelan oil exports to the U.S. Chevron, the No.

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