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EPA Releases Final Rule Requiring Oil and Gas Sources to Report Emissions of Greenhouse Gases

The Energy Law

One of the more controversial requirements in the proposed rule, the “basin-level” definition of an onshore production facility, remains largely unchanged in the final rule. EPA did include language that explicitly limits the basin-level definition to the GHG Reporting Rule.

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Finding the Spacing Signal in the Noise: How to Debias a Model

Novi

These trends, showing rising production with tighter spacing, stem from operator decision making to downspace and increase completion intensity in higher quality rock. This model uses 11,176 horizontal wells in the Delaware Basin with the following characteristics (Figure 1), and the following input variables: Figure 1.

Basin 52
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Forecasting Pads with Spacing Variation: Standard vs Causal Models

Novi

In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. In part 2 , we discussed the model variables and definition of spacing neighbors. Figure 3: Location of test pad in the Delaware Basin, Lea County.

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Fifth Circuit Rejects EPA’s Overreaching on CAA and MBTA

The Energy Law

Citgo’s Corpus Christi refinery operates a wastewater treatment system that sends all oily wastewater to several Corrugated Plate Interceptor (“CPI”) separators. Under NSPS Subpart QQQ, refinery operators are required to put roofs on “oil-water separators.” Citgo appealed the convictions.

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Winter Storm Uri and Force Majeure: The Legal Battles Continue

Producer's Edge

Pioneer Natural Resources USA, Inc. ("Pioneer"), a natural gas producer operating in the Permian Basin, entered into a firm contract with MIECO, L.L.C. ("MIECO"), an energy trading firm.

Gas 52
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How to Read a Cash Flow Statement in a Reserve Report – Part III

CG&A

The report could involve only one well, or possibly tens of thousands of wells spread out in numerous productive basins targeting different reservoirs and involving various operators. Any proper reserve report should describe the entity, the purpose for the report and detail any complexities so the reader can be fully informed.

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

Oil & Gas 360º

The companies have entered into a definitive business combination agreement (the “Agreement”) to combine in an all-share transaction valued at approximately $15 billion , inclusive of net debt 1. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.

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