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Oil and Gas 2025: How Will Companies Navigate a Year of Transformation—and Why It Affects Everyone?

Rextag

The oil and gas industry navigates a transformative 2025 period shaped by strategic consolidations, maturing resource plays, and shifting market fundamentals. Forecast: With companies securing three to seven years of viable inventory at $70/ bbl oil, M&A activity is expected to remain a cornerstone of strategy through 2025.

Oil 40
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New Amendment to Louisiana’s Geologic Sequestration of Carbon Dioxide Act Creates Expropriation Rights to Prohibit Drilling through Carbon Capture Storage Reservoirs in Caldwell Parish

The Energy Law

This program allows for carbon capture and sequestration project operators that operate outside of California to receive state income tax credits if they are engaged in direct air capture or sales of low carbon transportation fuel within the state of California.

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U.S. Fifth Circuit Affirms $20 Million Judgment Against Barge Owner as Responsible Party Under the Oil Pollution Act of 1990

The Energy Law

Factual Background In July of 2008, nearly 300,000 gallons of oil spilled into the Mississippi River in New Orleans when a tugboat towing an oil-filled barge veered across the river into the path of an ocean-going tanker. American Commercial Lines, L.L.C. , 16-31150, F.3d 3d (5th Cir. 2703(a) 33 U.S.C. 2704(c)(1).”

Oil 40
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FIFTH CIRCUIT BEGINS TO CLEAN UP ITS JURISPRUDENCE ON HOW TO DETERMINE WHETHER A CONTRACT IS (OR IS NOT) MARITIME

The Energy Law

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.

E&P 40
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Advancement of CCS in Louisiana

The Energy Law

The new update seeks to further clarify the framework for carbon capture and storage, in part, by authorizing the commissioner to approve the conversion of depleted oil formations and existing enhanced oil or gas recovery operations into geologic storage facilities.

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Advancement of CCS in Louisiana

The Energy Law

The new update seeks to further clarify the framework for carbon capture and storage, in part, by authorizing the commissioner to approve the conversion of depleted oil formations and existing enhanced oil or gas recovery operations into geologic storage facilities.

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Renewable Energy Efforts Highlighted in Draft Plan to Reduce Greenhouse Gas Emissions in Louisiana

The Energy Law

For example, strategy 9 is to “increase resources for decommissioning legacy oil and gas infrastructure.” Actions under strategy 9 center around drafting new legislation to increase the plugging of abandoned and orphaned wells.

Energy 52