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Texas Appeals Court Rules Assignee Retains All Acreage Covered by Assignment Under Retained-Acreage Clause

The Energy Law

Chesapeake Exploration Limited Partnership , XOG sought an interpretation of the retained acreage clause contained in an assignment to Chesapeake of XOG’s lease interests in four oil and gas leases collectively covering 1,625 acres. There were no field rules or special orders applicable to the Stiles Ranch Field.

Field 52
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New Air Standards for Oil & Gas Industry May Force HAP Area Sources into Major Source Status

The Energy Law

One important change is how the new definition of “associated equipment” modifies the aggregation rule for Hazardous Air Pollutants (HAP), which in turn modifies the applicability of the “major source” definition for oilfield operations, in particular as it applies to oil and gas wells, tanks and glycol dehydrators. 7412 (n)(4)(A).Section

Oil 40
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Forecasting Pads with Spacing Variation: Standard vs Causal Models

Novi

In part 2 , we discussed the model variables and definition of spacing neighbors. We observed that the model does identify an increased production trend with wider spacing, but by a magnitude of less than 10% when taking a well from a 440ft spacing to unbounded. These are the only 2 spacing features that this particular model can see.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360Âş

The companies have entered into a definitive business combination agreement (the “Agreement”) to combine in an all-share transaction valued at approximately $15 billion , inclusive of net debt 1. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held.

Energy 130