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Top 5 Blog Posts from 2019

Coolfire Core

Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019. If theres one rule in the oil and gas industry, its that companies must be ready for anything from price changes and politics, to bad weather and worn-out equipment. 2019 was a year of innovation and collaboration at Coolfire.

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.

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Valor | Energy Connection – Feb. 24, 2025

Valor

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region.

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Higher Oil Prices Create New Opportunities for Wildcatters

The Energy Law

By Jana Grauberger Oil prices of $60/barrel are expanding the industry and providing incentive and opportunities for more small independent "wildcatter" companies.

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Louisiana Department of Revenue Targets Energy Companies in Rash of Oil Severance Tax Audits

The Energy Law

The oil and gas industry has a significant and far reaching economic impact in Louisiana. 2] A large chunk of the taxes paid by oil and gas companies are severance taxes, which are levied on the production of natural resources taken from private and public land or water bottoms within the territorial boundaries of the state. [3]

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Murphy Oil Spill Class Settlement Approved

The Energy Law

Murphy Oil U.S.A., The Turner case asserted claims for property damage resulting from a release of oil from tanks located at Murphy’s Meraux, Louisiana refinery after Hurricane Katrina. Approximately 25,000 barrels of oil were released, and washed by floodwaters into the residential neighborhoods surrounding the refinery.

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New Texas Law Encourages Recycling of Wastewater From Oil and Gas Operations by Clarifying Ownership and Limiting Tort Liability

The Energy Law

By Jillian Marullo House Bill 2767, which took effect on September 1, 2013, was enacted to encourage recycling of the wastewater produced in hydraulic fracturing (or “fracking”) and other oil and gas operations. On average, over 83,000 barrels (or 3.5 billion barrels of wastewater were disposed of in Texas injection wells.

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