The Energy Law

JANUARY 10, 2020

255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. The Blog/Web Site should not be used as a substitute for legal advice from a licensed professional attorney in your state regarding a particular matter. On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B.

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The Energy Law

MAY 26, 2016

As a result, Judge Haik imposed a civil penalty of $1,500 per barrel spilled – for a total of $81 million – and significantly increased the penalty of $111 per barrel in his original judgment. The EPA sought a penalty of $4,300 per barrel. million dollars.

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The Energy Law

NOVEMBER 1, 2013

On average, over 83,000 barrels (or 3.5 In addition, for every barrel of oil or gas produced by a well, it is estimated that 7-9 barrels of wastewater are generated. billion barrels of wastewater were disposed of in Texas injection wells. In 2011, 3.5

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The Energy Law

JULY 21, 2016

Pursuant to the Oil Purchase Agreement, Operator X and First Purchaser Y agree to a price formula which begins with a market center price of $65, and then deducts $3 for a final price of $62 per barrel. Therefore, the Department proposes to assess an additional severance on the extra $3 per barrel, plus interest and penalties.

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The Energy Law

JUNE 13, 2017

As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. The Blog/Web Site should not be used as a substitute for legal advice from a licensed professional attorney in your state regarding a particular matter. Following the spill, the U.S.

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The Energy Law

JULY 26, 2013

After a two-week bench trial, the District Court found that CITGO was merely negligent (rather than grossly negligent) under the CWA; that approximately 54,000 barrels of oil had spilled; and that a penalty of $111 per barrel was reasonable in light of the evidence presented, for a total penalty of $6 million.

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The Energy Law

SEPTEMBER 13, 2007

Crude oil recorded yet another record high, increasing over $4 per barrel to nearly $80. Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $6.13/MMBtu MMBtu UP $0.32 NYMEX (September deliveries) $6.438/MMBtu UP $0.63 West Texas Intermediate Spot $79.85/Bbl

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The Energy Law

FEBRUARY 6, 2007

Approximately 25,000 barrels of oil were released, and washed by floodwaters into the residential neighborhoods surrounding the refinery. As a result of the breaches and overtopping of levees during Katrina, floodwaters up to 12 feet high swept into the Murphy Refinery, dislodging Tank 250-2, which ultimately ruptured.

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The Energy Law

JUNE 6, 2017

With oil prices still far below their highs of a few years ago, many energy companies—some of which expanded rapidly when oil was north of $100 a barrel—now find themselves with more office space than they can reasonably use (or even afford). Subleased Premises; Maintenance and Repairs – What Am I Subleasing? 1] Statistics courtesy of CBRE.

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The Energy Law

SEPTEMBER 6, 2007

Crude oil was up over $2 per barrel. Since Wednesday, August 29, natural gas spot prices increased in most markets (exceptions were Florida and Rocky Mountain region). Commodity Price or Volumes Change since last % Change Natural Gas Spot (Henry Hub) $5.81/MMBtu MMBtu UP $0.17 West Texas Intermediate Spot $75.74/Bbl

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The Energy Law

SEPTEMBER 23, 2008

per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75

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The Energy Law

JULY 9, 2008

On the night of the spill, the supertanker was carrying 53 million gallons of crude oil, which translates to just over a million barrels. Baker, et al. The tanker captain, Joseph Hazelwood, was seen downing at least five double vodkas in the waterfront bars of Valdez just before leaving port on the evening of the spill.

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RBN Energy

MARCH 14, 2025

In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand. Yet, the Shale Revolution has impacted the Rockies as much as any other region, boosting production in the Denver-Julesburg (DJ) and Uinta basins, and the Montana portion of the Bakken.

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Valor

MARCH 10, 2025

per barrel and WTI dropping 40 cents to $66.64, marking WTIs seventh consecutive weekly lossthe longest streak since November 2023. Meanwhile, US crude production averaged 13.508 million barrels per day for the week ending February 28, 2025, with WTI trading at $67.17 per barrel (up 1.22%) and Brent at $70.41

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Enverus

MARCH 7, 2025

British Petroleum Backs Away From Renewables The following blog is distilled from an interview on CBCs The Eyeopener, hosted by Loren McGinnis who interviewed Enverus Intelligence Researchs (EIR) very own Al Salazar. For context, global oil consumption averaged about 103 million barrels per day last year.

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Valor

FEBRUARY 11, 2025

Read more Europes oil demand may rise as gas hits $100 per barrel Summary : Europe’s oil demand may increase as natural gas prices surge to an oil-equivalent of $100 per barrel, making oil a more cost-effective alternative. The spike in gas prices is driven by supply constraints and higher demand, especially in winter.

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Valor

MARCH 3, 2025

per barrel and WTI up 25 cents to $70.01, after posting their first monthly decline since November. per barrel in 2025, with potential impacts from U.S. per barrel, down 3.8% per barrel, with the more-active May contract declining to $72.81. Stay tuned for weekly updates to keep you well-informed.

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The Energy Law

OCTOBER 26, 2020

As part of his plan to transition from fossil fuels to renewable sources of energy, Biden intends to offer research investments and tax incentives to accelerate the development of carbon capture and sequestration technologies (“CCS”), a process discussed in a recent blog post. million barrels of oil and gas per day.

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The Energy Law

OCTOBER 26, 2020

As part of his plan to transition from fossil fuels to renewable sources of energy, Biden intends to offer research investments and tax incentives to accelerate the development of carbon capture and sequestration technologies (“CCS”), a process discussed in a recent blog post. million barrels of oil and gas per day.

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The Energy Law

OCTOBER 26, 2020

As part of his plan to transition from fossil fuels to renewable sources of energy, Biden intends to offer research investments and tax incentives to accelerate the development of carbon capture and sequestration technologies (“CCS”), a process discussed in a recent blog post. million barrels of oil and gas per day.

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