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Five Lessons Learned from Executing Shale Drilling Transactions

The Energy Law

In these transactions, the Drilling Party pays for or “carries” all or a substantial portion of the Lease Party’s share of the costs of drilling and completing one or more wells on the leases (“Earning Wells”). Many carry provisions end when the Earning Well is completed as a well is capable of producing hydrocarbons.

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10 Steps Toward An Effective Energy Procurement Process

Navigate Power

This phase involves documenting how much power is needed to operate day-to-day functions and comparing it with what vendors can provide. For example, if the business is a school and the vendor is an electric company, the school would document how much power they need to operate day-to-day functions.

Energy 52
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Louisiana Second Circuit Addresses: (1) Creation of Mineral Servitudes Via Notarial Acts of Correction; (2) Obstacles Suspending the Prescription of Nonuse from Running Against Mineral Servitudes; and (3) Payment of Court Costs in Concursus Actions

The Energy Law

By definition, a clerical error is an error in writing or copying a document. A reservation of mineral rights is a substantive change, because the addition of a reservation of mineral rights would change the effect of the document in regard to the real rights held by the parties to the act.

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USCG Updates Guidance on Safer Seas Act Compliance, Continuing to Show Strict Interpretation and Enforcement of Its Requirements

The Energy Law

The Coast Guard advises that all applicable vessels have a documented system in place. Are they to be completed for each vessel or for the company? Response : The law 14 does not specifically exempt vessels that do not have a master key nor does the law make the overall requirements contingent upon having a master key. 1] 46 U.S.C.

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