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The following blog is distilled from Intelligence Research (EIR) publications and EIRs very own Andrew Dittmars media statements on the Diamondback acquisition. Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil volumes. [1] million per location. [2]
The Act includes many changes for the maritime industry, specifically for owners and operators of vessels. The below checklist, current as of March 3, 2023, summarizes the required operational and onboard changes. Click here to access our checklist. We hope it helps make your job easier.
The current proposed bill, however, would require operators to remit all royalty payments directly to the lessors on behalf of nonparticipating working interest owners prior to well payout, i.e., during the recoupment of costs, and the statutorily authorized risk charge.
Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019. In the e-commerce era, consumers will simply move on to a competitor (often ordering the same product with same-day shipping from Amazon) leaving the retailer with a lost sale opportunity. Read Full Text 2. Read full text 3.
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells. Well Eligibility.
million dollars in emergency costs from prior operators of an orphaned well. The Court held that, when the LDNR spends monies from the Oilfield Site Restoration Fund on emergencies, it can only recoup those costs from the well’s operator of record and its working interest owners. who last operated the property. 4/6/22), –So.
The “ LL&E II ” decision finds that Act 312 charges the court, not the jury, to determine the funding needed to remediate property to government standards. 3d — (“ LL&E II ”). [1]. Background of Legacy Litigation and LL&E I . LL&E II , at *2. 3d 1038 (“ LL&E I ”) marked a key development.
The proposal comes in the wake of a recent analysis commissioned by the Environmental Defense Fund, which found that oil and gas operators in Louisiana wasted over $16 million worth of gas in 2019 through venting and flaring alone, among other findings. If you have further questions, contact Liskow’s Cristian Solar or James Lapeze.
A federal court enjoined that resolution on the basis that the parish does not have the authority to regulate CCUS operations. [2] A federal court enjoined that resolution on the basis that the parish does not have the authority to regulate CCUS operations. [2] This blog will be updated as any new CCUS bills are filed.
Accordingly, auditing of royalty payments was left to the Mineral Board’s internal accountants, and when an issue arose as to whether royalty payments were made correctly, the Mineral Board’s land personnel and internal counsel would oversee sending demands and pursuing litigation against the State’s mineral lessees and well operators.
This program allows for carbon capture and sequestration project operators that operate outside of California to receive state income tax credits if they are engaged in direct air capture or sales of low carbon transportation fuel within the state of California.
9] HB 571, which would make comprehensive changes to the CCS statutes, including notice provisions to local authorities, allocation of funds to local authorities, and increased financial and regulatory requirements on operators. [10] 10] We will continue to provide updates on this blog as the legislative session proceeds.
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The Court narrowed its discussion to whether MRC’s operations were “delayed by” an event of force majeure.
BOEM approved the Construction and Operations Plan for the Vineyard Wind Project in July 2021, approximately 12 years after BOEM began evaluating the site for wind energy development. 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.
Like traditional exploration and development, CCUS projects require the operator to secure both the necessary private property rights from landowners as well as regulatory approval from the appropriate administrative agency in order to proceed. In addition to the unit order, the operator must receive approval for its injection wells.
For nearly three years, unit operators in Louisiana have waited to see whether the Western District of Louisiana would change course or double down on its March 2019 decision in Johnson v. BPX Operating Co., Chesapeake. The district court recognized this was a res nova issue for which there was no authority directly on point.
The Order, however, does not limit oil and gas operations under valid leases, so previously approved activities and operations can continue. 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. The Order can be found at [link].
Aethon Energy Operating, L.L.C. , 11, 2022), provides further guidance on what must be contained in correspondence from parties making demand on an operator under La. 11, 2022), provides further guidance on what must be contained in correspondence from parties making demand on an operator under La. Kelly Land Company, L.L.C.
Among the requirements set forth in the draft guidance are BOEM recommendations on providing financial compensation to fishermen during construction, operations, and decommissioning if a project is likely to result in lost income to commercial and recreational fisheries. BOEM also recommends gear loss and damage payments.
Recently, several operators have started pilot projects to produce lithium from Smackover brine as well. Recently, several operators have started pilot projects to produce lithium from Smackover brine as well. Furthermore, the formation’s depth and accessibility make it economically viable for extraction operations.
1] Although not limited to Class VI injection wells—which are those wells utilized for the injection and permanent sequestration of carbon dioxide—the proposed ordinance is clearly aimed at prohibiting carbon capture and sequestration operations within the parish. 1] The proposed ordinance can be viewed here: L.P. Ordinance No.
Claimants offered a creative argument that they could recover for economic damages based on the integrated unit exception to Robins Dry Dock because the platform and wells were physically attached and operated as a collective unit under the claimants’ umbrella of companies. 303 (1927). 2 In re Falcon Global Offshore II , No. 303 (1927).
250.1701 providing that RUE holders and prior lessees or owners of operating rights of the parcel on whose leases there existed facilities or obstructions that remain on the RUE are jointly and severally liable for meeting accrued decommissioning obligations. . 250.1700, et seq. BSEE added a new paragraph (c) to 30 C.F.R.
To participate in the program, the owner or operator must, prior to initiating a voluntary environmental audit, notify the LDEQ of its intent to perform the audit via submission of LDEQ’s approved notice of audit form located on LDEQ’s website. Part 68 and LAC § 33:III.5901; LAC § 33:I.7007(A). Penalty Reduction Requirements. LAC § 33:I.7009(E).
BPX Operating Co., sued the unit operator for breach of contract to recover transportation costs incurred as a result of alleged regulatory violations of the Federal Energy Regulatory Commission’s (“FERC”) Shipper-Must-Have-Title policy. BPX Operating Co., BPX Operating Co., BPX Operating Co., Grayson L.L.C. (Of
By using this blog site you understand and acknowledge that there is no attorney client relationship formed between you and Liskow & Lewis and/or the individual Liskow & Lewis lawyers posting to this site by virtue of your using this site. draw[ing] no distinctions based on industry or risk of exposure to COVID-19.”
In December 2019, to protect endangered sea turtles, the NMFS promulgated a rule requiring a TED on all skimmer trawlers over 40 feet in length, including those operating in state waters. 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.
5] The legislation requires that operators of wind and solar generation facilities post a bond to cover decommissioning costs of the facility at the end of life. 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.
District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]
Disappointingly, the sale resulted in a single $5.6 million winning bid for the lease area offshore Louisiana, submitted by the provisional winner, RWE Offshore US Gulf, LLC (RWE). According to results posted online by BOEM, the other two lease areas offshore Texas received no bids. GW per year of production.
On May 25, 2023, the Nation’s first U.S.-built built offshore wind substation departed from a Texas fabrication facility where Danish multinational energy company, Ørsted, and domestic energy provider, Eversource, partnered to build the revolutionary vessel. The Kansas-engineered substation was designed and built by Kiewit Offshore Services, Ltd.,
A Class VI Underground Injection Control permit is required prior to drilling and operating a Class VI well for CCUS operations. 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.
A petition filed on July 19 by Sierra Club and Healthy Gulf seeks review of a “dredge and fill” permit granted by the U.S. Army Corps of Engineers to Driftwood LNG – a liquefied natural gas (LNG) export terminal under construction near Lake Charles. 717r(d)(1)). [2]. 717r(d)(1)). [2].
A Class VI Underground Injection Control permit is required prior to drilling and operating a Class VI well for CCUS operations. 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.
The court stated, “[W]e find the directives from the Louisiana Supreme Court in Save Ourselves ,… which require consideration of ‘economic, social, and other factors,’ broad enough to include an analysis of environmental justice, as defined by the EPA.” The First Circuit opinion firmly answered this question yes.On What is EJ?
operate the property leased as a reasonably prudent operator for the mutual benefit of himself and his lessor.” operate the property leased as a reasonably prudent operator for the mutual benefit of himself and his lessor.” 122); The lessee of a renewable energy lease would be “bound to. compare to La.
Coast Guard published Policy Letter 23-05 which provides the first actual guidance for vessel owners and operators on the expectations for the surveillance equipment that they are required to install and maintain under the Safer Seas Act, which became law in December 2022 as part of the James M. On November 13, 2023, the U.S. 1331(a))). .
2023), the Texas Supreme Court held that, as a matter of law, the operator of a joint operating agreement, Ovintiv, did not owe interest on production payments owed to the non-operator, 1776 Energy, that Ovintiv withheld until a separate lawsuit involving 1776 Energy was resolved by the Texas Supreme Court.
Baker Hughes a G E Co., In D & J Invs. of Cenla, L.L.C. plaintiffs, forty-eight landowners of property located near the facility, brought a state court action for claims of property damage from groundwater and soil contamination caused by the facility’s improper waste disposal processes. 21-30523, 2022 WL 9862487 (5th Cir.
The below table highlights the main differences between OPA 90 and the CLC: ISSUE OPA 90 CLC 92 Liable Parties Owner, operator, bareboat charterer, or a third party whose sole action caused the oil spill. Violation of a federal safety, construction, operation regulation; or 3. The CLC addresses civil liability for maritime oil spills.
However, HB 537 provides an exception for those “adversary” entities who have already been conducting oil and gas operations in the state. Sponsored by Rep. Valerie Hodges, Louisiana House Bill No. HB 537 applies to property acquired by a “foreign adversary or person connected with a foreign adversary” on or after August 1, 2023.
E”: Environmental criteria relate to matters such as sustainability, energy efficiency, water usage, conservation, recycling, biodiversity, pollution reduction and overall impact on the environment. Every company is an energy consumer and its operations affect the environment. “S”: What Are ESG Criteria?
Part I of this blog covers some basics about state and federal courts, explaining why the jurisdictional question of where a case will be decided is often contested. A federal appeals court has affirmed that a “greenwashing” lawsuit by the District of Columbia against several major energy companies should not be heard in federal court.
The VIDA tasks the EPA with developing national standards of performance for discharges incidental to the normal operation of primarily commercial vessels that are over seventy-nine feet in length. The SNPR also proposes new equipment standards for “Lakers,” which are vessels that operate exclusively on the Great Lakes.
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