article thumbnail

Fifth Circuit Recognizes Gas Purchaser’s Right to Cancel Contract Due to Title Dispute

The Energy Law

Two days later, Flint Hills clarified that it was suspending payments until JAG could provide evidence that the condensate was purchased from PMI/Pemex at some downstream point. JAG identified two of its immediate suppliers and promised to forward documents showing that PMI/Pemex was the first link in its supplier chain, but never did so.

article thumbnail

Five Lessons Learned from Executing Shale Drilling Transactions

The Energy Law

If this approach is utilized, the parties should consult their tax advisors as to whether a tax partnership agreement should be included in the transaction documents to avoid possible unforeseen tax consequences on the earning of such additional formations. It is also important to specify in the EJDA how far the “carry” extends.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

An extensive list of factors that can affect future results, including factors that may impact Energy Transfers operations, capital projects and future growth, are discussed in its Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission.

article thumbnail

EPA and BSEE Team Up to Resolve Offshore Environmental Violations

The Energy Law

The best means for avoiding liability in this case is to document compliance programs and due diligence in reviewing permit related submittals with those who prepared the documents to ensure their accuracy.

article thumbnail

Streamlining U.S. EPA Subpart W Greenhouse Gas Reporting with AWS and Sustainability Insights Framework

AWS: Energy (Oil & Gas)

Business challenges Scale and scope of data collection: Oil and Gas operations often span multiple facilities, equipment types, and processes, each of which must be monitored and documented to compile a comprehensive GHG emissions report. Calculations on the ingested data were conducted to generate the KPIs required for EPA reporting.