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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

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaser’s anticipated post-sales costs. The leases contained the following royalty provisions: 3.

Royalty 98
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OSHA Awards Damages for Retaliatory Discharge of Jones Act Seaman in Violation of Seaman’s Protection Act

The Energy Law

255 suffered an explosion and fire while transporting roughly 2,000 barrels of oil off Port Aransas, Texas. In a stark reminder of the sanctity of Coast Guard investigations, and the consequences of impeding such investigations, the U.S. On October 20, 2017, Bouchard Transportation’s ATB BUSTER BOUCHARD/B. 2114) (the “SPA”).

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360Âş

. (“Veren”) (TSX: VRN) (NYSE: VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held. .”

Energy 130
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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

million barrels of oil and gas per day. In the midst of a chaotic year and a tense campaign season, issues such as COVID-19, race relations, and healthcare seem to be at the forefront of Americans’ minds as they head to the polls on November 3. economy, its energy independence, and its diplomatic relations. s energy sector.

Oil 40
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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

million barrels of oil and gas per day. In the midst of a chaotic year and a tense campaign season, issues such as COVID-19, race relations, and healthcare seem to be at the forefront of Americans’ minds as they head to the polls on November 3. economy, its energy independence, and its diplomatic relations. s energy sector.

Oil 40
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Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

million barrels of oil and gas per day. In the midst of a chaotic year and a tense campaign season, issues such as COVID-19, race relations, and healthcare seem to be at the forefront of Americans’ minds as they head to the polls on November 3. economy, its energy independence, and its diplomatic relations. s energy sector.

Oil 40