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Oil Review Middle East - Untitled Article

Oil Review Middle East

Dubai-based Viking Completion Technology is expanding its operations in Saudi Arabia following successful results from trial projects The provider of well completion equipment and services deployed its well completion design, manufacturing, and service expertise for five projects across the Kingdom between September 2023 and November 2024.

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DNO reports "Stellar Production" in Iraqi Kurdistan

Iraq Business News: Oil & Gas

DNO ASA , the Norwegian oil and gas operator, today reported 2024 revenues of USD 667 million on the back of what it described as " stellar production " in the Kurdistan region of Iraq. 20+ well workovers and interventions. Operational Overview Well testing program completed in Q4. By John Lee.

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Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

The Energy Law

In Louisiana, as in most jurisdictions, production of oil or gas must be in “paying quantities” to maintain a mineral lease beyond its primary term. [1] 6] In contrast, capital expenditures and expenses that are “extraordinary and largely nonrecurring in nature,” such as drilling and completion costs, are not considered. [7]

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Louisiana Second Circuit Finds Holder of Mortgage Encumbering a Mineral Lease Solidarily Liable with Mineral Lessees for Damages Under the Louisiana Mineral Code

The Energy Law

The mortgagee directed the mineral lessees to perform specific workovers and completions on other properties collateralized in the mortgage. It also held that the holder of the mortgage over the Lease was solidarily liable as well. [8]

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