The Energy Law
MAY 5, 2023
On June 13, 2017, MRC sent force majeure letters to the lessors claiming that it experienced a delay in the well’s drilling around April 21, 2017. The Court narrowed its discussion to whether MRC’s operations were “delayed by” an event of force majeure. Communications include firm news, insights, and events.
Aresco
AUGUST 13, 2024
Tangible Drilling Costs (TDCs) , on the other hand, are associated with the purchase of equipment and have salvage value, like the drilling rig and wellhead. Challenges and Considerations While the potential rewards of investing in oil and gas drilling projects are substantial, they are not without risks.
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Aresco
NOVEMBER 30, 2023
What sets intangible drilling costs apart is their intangible nature, as they are related to activities and services essential for the drilling process but do not involve the acquisition of physical assets like drilling rigs or equipment.
The Energy Law
NOVEMBER 18, 2020
Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. Its employees work at its shop and yard and occasionally on jacked-up drilling rigs, often docked to inland piers. Communications include firm news, insights, and events.
The Energy Law
NOVEMBER 18, 2020
Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment. Its employees work at its shop and yard and occasionally on jacked-up drilling rigs, often docked to inland piers. Communications include firm news, insights, and events.
The Energy Law
NOVEMBER 13, 2019
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