The Energy Law

JUNE 2, 2017

In doing so, the Third Circuit created an issue ripe for Louisiana Supreme Court decision. (“Justiss”) entered into a turnkey drilling contract to drill a deep oil well using intermediate casing purchased from Oil Country Tubular Co. In Justiss Oil Company, Inc. Oil Country Tubular Corp., and manufactured by North American Interpipe, Inc.

Casing 40

Casing Oil Dry Hole Manufacturing 40

The Energy Law

APRIL 30, 2020

The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006. The controlling element in this case focused upon by the Second Circuit was whether the operations were “commenced with reasonable expectation of discovering and producing minerals in paying quantities” at the location and depth chosen.

Operator 40

Operator Spud-in Dry Hole Oil 40

Aresco

DECEMBER 17, 2024

Long-Term Passive Income: Once a well is producing, it can potentially generate cash flow for many years, or even for a decade or two in some cases, offering investors the opportunity to establish a long-term passive income stream. Dry holeswhere no commercially viable oil or gas is foundare a real possibility.

Crude Oil 52

Crude Oil Oil Exploration and Production Natural Gas 52