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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

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

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Valor | Energy Connection – Feb. 24, 2025

Valor

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. million barrels per day (bpd) in 2024 to 13.6 The terminal will load up to 1 million barrels per day onto the worlds largest tankers, boosting U.S. million barrels Summary : U.S. million barrels to 432.5

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U.S. House of Representatives Passes Energy Bill

The Energy Law

Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 House of Representatives passed Speaker Pelosi’s Energy Bill, H.R.

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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

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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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

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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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

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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