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This article contains still images from the interactive dashboards available in the original blog post. Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gas. To follow the instructions in this article, please use the interactive dashboards.
Mineral lessees may be particularly concerned with whether recent production levels have maintained their leases beyond their primary terms. In Louisiana, as in most jurisdictions, production of oil or gas must be in “paying quantities” to maintain a mineral lease beyond its primary term. [1] Lea Exploration Co. , JLH Enters. ,
As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? What about varying completions alongside spacing? In this series, we will explore the reasons behind these limitations, and the corrective solutions implemented by Novi algorithms.
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. We observed that the model does identify an increased production trend with wider spacing, but by a magnitude of less than 10% when taking a well from a 440ft spacing to unbounded.
In Gulf Explorer, LLC v. 6/8/07), the operator completed a well that was plugged and abandoned without reaching payout. A non-participating working interest owner sued, asking the court to declare that its royalty and overriding royalty owners were entitled to their share of production. Clayton WIlliams Energy Inc.
Article at a glance Grid-tied energy systems help balance seasonal variations in production. Home battery systems complement wintertime renewable energy production. Snow coverage on solar panels does not wholly halt energy production. Even cloudy days contribute to solar energy production through diffuse light.
In these transactions, the Drilling Party pays for or “carries” all or a substantial portion of the Lease Party’s share of the costs of drilling and completing one or more wells on the leases (“Earning Wells”). This incentive may help the Lease Party find a willing partner to drill in an otherwise down market for drilling transactions.
On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.
If you worked through the process that we outlined in part one of this blog , you know there are quite a few steps involved in transforming a REST endpoint URL into a Power BI data table. So, this second part of the blog provides a nice shortcut for you: a pre-configured Power BI report. Download the zipped Power BI report (.pbix)
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and natural gas exploration and production facilities. 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.
Chesapeake Exploration Limited Partnership , XOG sought an interpretation of the retained acreage clause contained in an assignment to Chesapeake of XOG’s lease interests in four oil and gas leases collectively covering 1,625 acres. In XOG Operating, LLC v.
Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty. 2d 313 (5th Cir.
The Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. See our previous blog entry on the proposed rule redefining the “waters of the United States” covered by the Clean Water Act.
Without dependable electric services, integral parts of a company, such as communications, production, safety features, and employee amenities, become unavailable. To further explore the possibilities of energy procurement services, call Navigate Power at (888) 601-1789. What is Energy Procurement?
The audits streamline operations and enhance productivity through better equipment and energy plans. This guide explores how these audits work, their benefits, and why they are vital for cost savings and sustainability. These audits ensure accurate billing by detecting mistakes in charges and rate plans.
A prior lessee could be held liable for decommissioning a hurricane-toppled platform years after its exit and completion of all lease decommissioning obligations. This proposed regulation emphasizes the need for prior lessees to obtain adequate security from RUE holders if a facility is to remain in use following lease termination.
Tauren Exploration, Inc. , The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. Tauren Exploration, Inc., As of the posting of this blog entry, the delays for appeal have yet to expire. [2] In Gloria’s Ranch, L.L.C. 4] $242,029.26
The Violation In March 2012, BSEE conducted an inspection of ATP’s floating production platform facility, known as the ATP Innovator, while it was moored to the sea floor about 45 nautical miles offshore of southeastern Louisiana (about 125 miles south of New Orleans) and engaged in the production of oil and natural gas.
This blog will highlight three significant trends discussed in the webinar and provide actionable insights on how you can leverage these trends to protect your bottom line. Investment advisory products and services provided by Enverus Intelligence Research, Inc. Visit www.Enverus.com/disclosures for additional information.
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed.
The Executive Order, in part, ordered the Secretary of the Interior to pause new oil and gas lease sales on public lands and on the OCS pending completion of a comprehensive review of potential climate and other impacts. As a result, no lease sales have taken place since the Executive Order was signed.
oil and gas production, with the former pledging continued expansion of domestic oil and gas drilling and production, and the latter pledging to transition the U.S. His America First Energy Plan is aimed, in part, at increasing fossil fuel production in the U.S. Due to the sharp increase in oil and gas production, the U.S.
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