Blog Downstream E&A 
The Energy Law
MAY 9, 2022
The challenges exist with respect to the disclosure of Scope 3 emissions, which are defined as all indirect GHG emissions not otherwise included in a registrant’s Scope 2 emissions that occur in the upstream and downstream activities of a registrant’s value chain. [4] 2] SEC Press Release, Statement from SEC Chair Gary Gensler, [link]. [3]
Nestoil
SEPTEMBER 4, 2024
For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
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The Energy Law
MARCH 15, 2023
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.
The Energy Law
MARCH 31, 2021
While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. If not superseded, BlueStone would be permitted to deduct post-production costs. 3d 198, 211 (Tex.
The Energy Law
MARCH 31, 2021
While the Court is no stranger to interpreting (and often muddling) the familiar royalty clause interpretation questions surrounding the first issue, in a case of first impression, the Court also analyzed the breadth of a lease’s free-use clause. If not superseded, BlueStone would be permitted to deduct post-production costs. 3d 198, 211 (Tex.
The Energy Law
JULY 1, 2021
The lessees argued before the court of appeals that downward adjustments to the sales price to account for post-transfer costs are not subject to the “add-back” provision because appellants never “directly or indirectly” incurred the costs at issue—instead, the downstream purchaser incurred those costs. and several lessors, Michael A.
The Energy Law
JUNE 8, 2020
BlueStone primes the Court to resolve a Texas appellate court split regarding whether a lease provision requiring royalties to be paid based on “gross” profits or value received from the sale of oil and gas production nullifies an “at the well” valuation point elsewhere in a lease. NationsBank , 939 S.W.2d 2d 118, 120-21 (Tex. Chesapeake Expl.,
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