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In Gulf Explorer, LLC v. Clayton WIlliams Energy Inc. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout. A non-participating working interest owner sued, asking the court to declare that its royalty and overriding royalty owners were entitled to their share of production.
BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. He stated that BPs initial faith in green energy was misplaced , leading to a strategic reset prioritizing stronger financial performance and higher shareholder returns.
Some of the actions are related to development of renewable energy in Louisiana, whereas others aim to manage emissions. Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. Noteworthy actions include: ACTION 5.6 Noteworthy actions include: ACTION 5.6
Several pieces of energy-industry legislation are teed up for debate as state legislatures reconvene for their first sessions of 2021. For a comprehensive list of energy legislation to be heard in upcoming state legislative sessions, see: [link]. [1] Massachusetts lawmakers recently re-filed a historic climate bill ( S. 1] [link]. [2]
In Litel Explorations, LLC v. and Gary Production Company were named as prior operators of the G.A. The Lyon Well was leaking in 2018, which prompted the LDNR to task the current operator (Sandhill Production, Inc.) Sandhill never managed to stop the leak, and it abandoned the well in August 2019. Aegis Development Co.,
Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.
Yesterday, the United States Supreme Court heard oral arguments in the climate change lawsuit filed by the City of Baltimore in 2018 against energy companies. This case is one of a number of cases brought by states, cities, and other municipalities against energy companies alleging that the companies contributed to climate change.
The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment.
As for the main issue, easing the production cuts of 2.2 The UAE that campaigned for a higher production quota in private has been able to get it elevated to 300,000 bpd as its base level that is significant. The delay in easing the production cuts, however, did not affect the market sentiment at all. respectively.
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