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According to the Court, the estate-misconception theory was so prevalent in instruments in and around 1924—the time of the deed at issue—that “courts have taken judicial notice of this widespread phenomenon.” Dawkins , 483 S.W.3d
Produced water—a substance traditionally considered to be a useless byproduct of fracing—has recently become a valuable product that can be treated and sold to operators for drilling. This substance can be dangerous to the environment, so operators are required to carefully dispose of it—a costly endeavor. COG Operating, LLC , No.
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.”
Increasing the flexibility of survey timelines: Before construction of the proposed project can begin, BOEM’s current regulations require that commercial lessees submit a Construction and Operations Plan (“COP”) containing survey data that characterizes both the seabed and sub-seabed that will be disturbed.
Companies are grappling with a multitude of issues — from the health and safety of employees to increased cyber security risks to financial and operational stability. In a cross default situation, lenders and creditors under those other instruments would be entitled to seek immediate repayment of all indebtedness amounts.
This blog post is the first in a series of blog posts that will discuss some of the nuances of Louisiana property law relating to solar leasing. If the target tract of land is potentially community property, it would be prudent to have both spouses execute the lease and any subsequent instruments. 2341 and 2342.
AI can help save billions by improving grid operations, making energy systems more flexible, and solving key energy challenges. 6: Demand response and forecasting: Forecast electricity usage and prices and set dynamic pricing to manage demand fluctuations effectively while optimising operational costs.
This blog post is the first in a series of blog posts that will discuss some of the nuances of Louisiana property law relating to solar leasing. If the target tract of land is potentially community property, it would be prudent to have both spouses execute the lease and any subsequent instruments. Successions. 2341 and 2342.
Previous Court Ruling In many cases alleging damage to property arising from historic oil and gas operations, the plaintiff was not the owner at the time of the alleged damage, but instead is the subsequent purchaser of the property at issue. In Eagle Pipe and Supply, Inc. Amerada Hess Corp. , 10-2267 (La. 10/25/11), 79 So.
7] The Fifth Circuit noted that even though the SRA-L was made part of the umbrella of the executive branch via its placement in the Department of Transportation and Development after its creation, it maintained substantial control over its operations. That retention of autonomy tilted against finding SRA-L an arm of the state.
4] In 2007, Fossil Operating, Inc. Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 5] Chesapeake Operating, Inc. (“Tauren”) and contained a three year primary term as well as a horizontal and vertical Pugh clause. [3]
The mineral lessees were required to provide the mortgagee with quarterly and annual financial statements reflecting their financial condition, reserve reports showing projections of further net income from the mortgaged properties, and sales and production reports which included the actual revenue and operating expenses of the wells.
In Petro-Chem Operating Co., 1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. 21] Prior to spudding the well, the operator faced weather delays and was required to obtain a CUA permit. [22] Flat River Farms, L.L.C. ,
How Should I Change My Operations during the Pandemic? What Changes Should I Make to Employee Operations? Coast Guard Has Announced a Series of Requirements and Operational Changes through Marine Safety Information Bulletins. How Should I Change My Operations at Port? Yes, the U.S.
Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments. ATP is the ATP Innovator’s operator and ATP-IP is the platform’s owner. See 40 C.F.R.
Day-to-day life has been dramatically impacted by the coronavirus disease 2019 (COVID-19), and many courts in Louisiana and Texas have been forced to close or limit operations in conjunction with stay-at-home orders. As not all Texas counties have operating websites, counsel should contact the courts in those counties by telephone.
This article briefly describes four structured capital raising techniques that may be available to meet those needs: (1) convertible debt instruments; (2) convertible or non-convertible preferred equity instruments; (3) preferred limited partnership interests; and (4) debt instruments issued with “equity kickers”.
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