The Energy Law Blog

MAY 5, 2023

The leases obligated MRC to spud a new well every 180 days after the spud date of the last well during the leases’ secondary terms to avoid having the non-developed portions of the leases terminate. MRC did not notice its error until approximately two weeks after May 21, 2017, at which point it had not yet spudded the new well.

Spud-in 98

Spud-in Oil Gas Operator 98

The Energy Law Blog

AUGUST 10, 2017

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”). The Five Lessons 1. Take advantage of the geology.

Hydraulic Fracturing 52

Hydraulic Fracturing Completion Exploration and Production Spud-in 52

The Energy Law Blog

JULY 20, 2018

and (2) Does the contract provide or do the parties expect that a vessel will play a substantial role in the completion of the contract? Turning to the second test, the court noted that the specific work order for the P&A job called for the use of three vessels — a supply barge, a tug, and the spud barge OB 808.

E&P 40

E&P IT Exploration and Production Spud-in 40

The Energy Law Blog

APRIL 30, 2020

A well was spud on March 28, 2006. He pointed to owners having a cement truck waiting to fill the well as soon as drilling was completed as objective evidence of such an intent. During this downturn in activity, mineral rights owners must remain cognizant of the maintenance activities necessary to preserve their mineral rights.

Operator 40

Operator Spud-in Dry Hole Oil 40