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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.,
In Gulf Explorer, LLC v. 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. Clayton WIlliams Energy Inc.
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.
BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million and 2.5 million barrels per day by 2030.
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. Historically, under NTL No.
Additionally, Justice Kagan asked counsel for the Federal Government (arguing in support of the energy companies’ position) whether an appellate court can review a remand order if the removing party abandons its federal officer removal in favor of focusing on its other grounds for removal.
Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells. Carbon capture can use a variety of techniques to remove emissions from industrial and power production operations post-combustion. Noteworthy actions include: ACTION 5.6 Noteworthy actions include: ACTION 5.6
With topics ranging from offshore oil and gas moratoriums to restrictions on natural gas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. The Texas Legislature convened for its 2021 session earlier this month with several issues on the agenda. 1] [link]. [2] 2] [link]. [3]
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.
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