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There is no bullish case for oil at this stage. Gasoline inventories are currently at a comfortable level, but refinery maintenance might lead to low levels at the start of summer. We will monitor jet fuel demand, expecting it might decline significantly due to slow economic growth and reduced government travel.
But this is not the case. The Natural Resources Defense Council says any energy that burns oil, gas and coal endangers people’s health and causes climate change is dirty. When considering alternative fuels and options that are better for the environment, many fleet owners are overlooking propane autogas, thinking it is a dirty fuel.
In Fasken Oil and Ranch, Ltd. out of the above described property, an undivided one-sixteenth (1/16) of all the oil, gas and other minerals, except coal, in, to and under or that may be produced from the above described acreage, to be paid or delivered to Grantor, B.A.
The Delaware Mountain Group is a group of formations including the Bell Canyon, Cherry Canyon and Brushy Canyon formations, deposits in ancient canyons filled in over the ages, and are productive of oil and gas. These formations lie above parts of the Wolfcamp formation in the Permian Basin.
Our firm represented the Opielas in two cases involving a Magnolia horizontal well in Karnes County: a suit against Magnolia in Karnes County, and a suit against the Texas Railroad Commission in Travis County. In both cases the Opielas contended that Magnolia had no right to drill a horizontal well located partly on their land.
Another case interpreting a royalty reservation in an old conveyance has been decided by the 11th Court of Appeals in Eastland: Boren Descendants and Mabee Descendants v. Fasken Oil and Ranch, Ltd. , Fasken Oil and Ranch, Ltd. two consolidated appeals, Nos. 11-22-00365-CV and 11-23-00001-CV.
Companies often struggle to make the leap from successful pilots to organization-wide rollout, and in many cases transformation efforts have essentially stalled. Knowing where you stand and what to do next can help you quickly get back on track.
Most American maritime and environmental attorneys and vessel owners are familiar with OPA 90 and oil spill liability in the United States. But what happens when a vessel spills oil in the territorial waters of another country? The CLC addresses civil liability for maritime oil spills.
Stabbing guides are indispensable oilfield tools that help workers align two separate sections of drill pipe, tubing, or casing for a perfect male-to-female connection.
In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital, GlobalData noted.
Dedicated Impex FZE is a provider of Drill Pipe Protectors and operates under the brand name DIC Oil Tools. We offer a comprehensive range of thread protectors and other oil-related products, all meeting the industry’s highest quality standards. DIC products have earned ISO and API certifications.
On September 2, 2016, the Texas Supreme Court agreed to review three oil and gas cases involving issues pertinent to the industry and land and mineral owners. is another top-lease case from the Amarillo Court of Appeals. BP America Production Company v. Red Deer Resources, LLC In BP America Production Company v. Laddex, Ltd.
concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. Now the case is before the Texas Supreme Court, with a recently submitted amicus brief containing the argument that could turn the tides back in the lessees’ favor. and several lessors, Michael A. Sheppard, et.
In India's case, the country's Minister for Petroleum and Natural Gas Hardeep Singh Puri is leading the charge personally. Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields.
DIC Oil Tools is a Brand by a Dedicated Impex Company. We provide the complete range of OCTG and other oil requirements with the highest quality standards in the industry. OCTG, Oil Country Tubular Goods , are essential parts of the oil and gas industry. DIC is an Exporters of OCTG Pipes Worldwide. What are OCTG Pipes?
Supreme Court on Monday declined an appeal by energy companies to review Honolulu’s climate lawsuit that seeks billions of dollars from oil and gas companies for alleged damages of climate change, thus, allowing the case to move forward. So, what does this mean? This is not an endorsement of climate litigation by SCOTUS.
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022 A strategic look at the pipelines industry for both managing and technical solutions is essential for market development.
How much does oil demand fall in a 1.5 °C Demand is just 35 million b/d by 2050 in the scenario, down from 99 million b/d in 2022 – that’s 60 million b/d below our current ETO (Energy Transition Outlook - Base case) forecast for 2050 of around 95 million b/d. °C scenario? 1-By two-thirds over the next three decades.
The first five Plaquemines Parish Coastal Zone Management Act (“CZMA”) cases to be set for trial have been chosen. Helis Oil & Gas Company, LLC, et al. The Plaintiffs selected Parish of Plaquemines v. Rozel Operating Company, et al. Parish of Plaquemines v. ConocoPhillips Company, et al. , and Parish of Plaquemines v.
Paramount Pluss Landman show supports Oil & Gas And hell, its in everything. Your cell phone case, artificial heart valves, any kind of clothing thats not made with animal or plant fibers, soap, hand lotion, garbage bags, fishing boats, you name it. That road we came in on. The wheels on every car ever made, including yours.
For in-house counsel in the oil and gas industry, this development warrants close attention and careful consideration. The Texas Business Courts will potentially impact a wide range of cases, from high-value contract disputes to intricate corporate governance issues.
The current case of the FSO Safer brings to light a practice that needs to stop. Storing oil in decommissioned tankers has been ongoing for decades. It’s a marketing ploy by oil traders who purchase during periods of low prices and hold onto the oil until demand and prices rise.
In the context of antiquated oil and gas conveyances including a double fraction that includes “one-eighth,” the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that “one-eighth” refers to the entire mineral estate. Dils Co. , 2d 904 (Tex. Dawkins , 483 S.W.3d Element Petroleum Props.,
On the one-year anniversary of the United Kingdom’s windfall tax announcement, Energy in Depth examines the negative impact the tax has had on the North Sea oil and gas industry and continued investment.
The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.
7 It is well settled that these words “require that deprivation of life, liberty or property by adjudication be preceded by *189 notice and opportunity for hearing appropriate to the nature of the case.” I, § 19 (“No citizen of this State shall be deprived of … property … except by the due course of the law of the land.”).
Is this a victory for Big Oil or just a delay in the climate accountability movement? This decision, delivered in a high-stakes climate case, is seen as a setback for environmental groups hoping to make energy giants accountable for their contributions to climate change. Large polluters are powerful.
DIC Oil Tools is a Brand by a Dedicated Impex Company. We supply a complete range of pipe protection equipment and other oil and gas equipment with the highest quality standards in the industry. They also contain an internal bore large enough to accommodate casing, drill pipe, and downhole tools that must pass through during drilling.
The beginning of the 20 th century in the United States was marked by what historians call the Texas oil boom. The gushers were oil wells where the oil and gas were under so much pressure; they sprang out when the well got drilled. They also work well with lighter (less viscous) crude oil grades.
The oil and gas industry tends to get a bad rap for its slow pace of technology adoption but that wasnt always the case. In the initial digital age of the 80s and 90s, oil and gas was at the forefront of transformation. So why, then, has 21st-century digital transformation in the oil and gas industry been a lot slower?
Amid this backdrop, a growing number of Florida investors are turning to alternative investments, particularly direct investing in oil and gas drilling projects. Despite the push towards renewable energy sources, fossil fuels remain integral to the energy mix, and the demand for oil and gas is expected to persist for decades.
Heres the audio recap AI-in-Oil-Gas_-Generic-vs Let’s talk about something costing operators millions: the choice between generic AI and purpose-built AI solutions for oil & gas. Why Generic AI Falls Short in the Oil & Gas Industry Let’s understand why generic AI struggles to solve oil and gas problems.
Warning This article and series is specifically targeted for anyone involved or interested in oil and gas reserves reporting guidelines, methods, issues, calculations and pitfalls. Thus, the requirements are like the downdip limit in order to estimate that the updip volume also contains oil, rather than an associated gas cap.
Parsons”) from 1975 through 1977 when he worked on the initial construction of Marathon Petroleum Company LP’s (“Marathon”) oil refinery in Garyville, Louisiana. The opinion reaffirms a plaintiff’s need for specific testimony in order to establish issues of fact necessary to defeat a motion for summary judgment in an asbestos exposure case.
In Justiss Oil Company, Inc. Oil Country Tubular Corp., Justiss Oil Company, Inc. Justiss”) entered into a turnkey drilling contract to drill a deep oil well using intermediate casing purchased from Oil Country Tubular Co. and manufactured by North American Interpipe, Inc. collectively, “Defendants”).
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 lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
A vigorous dissent by Judge Bleich warns that, if maintained, the original opinion could have both “[d]evastating economic repercussions” for the lending industry, and “[s]erious and harmful impact on the oil and gas industry.” Chief Judge Henry Brown, Jr.,
The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.
Previous research has shown that fatality rates for oil and gas extraction workers were decreasing for all causes of death except for those associated with falls. (1) Previous research has shown that fatality rates for oil and gas extraction workers were decreasing for all causes of death except for those associated with falls. (1)
We're excited to announce the launch of ProducersEdge.law , our new consolidated digital platform that brings together the best of McGinnis Lochridge's oil and gas law publications. This consolidation allows us to deliver content more efficiently, with enhanced security and improved formatting.
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