Drilling rig Events Oil 
The Energy Law
MAY 5, 2023
2023), the Texas Supreme Court held that the lessee could not invoke a force majeure clause to save its oil and gas leases when it inadvertently scheduled its operations to begin after the requisite deadline. The lessee, MRC Permian Company, received four identical oil and gas leases from certain lessors in 2014.
Aresco
AUGUST 13, 2024
Amid this backdrop, a growing number of Florida investors are turning to alternative investments, particularly direct investing in oil and gas drilling projects. Despite the push towards renewable energy sources, fossil fuels remain integral to the energy mix, and the demand for oil and gas is expected to persist for decades.
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Aresco
NOVEMBER 30, 2023
Intangible Drilling Costs (IDCs) play a crucial role in oil and gas investments, offering significant tax advantages that can enhance profitability for investors. These costs cover expenses that arent tied to physical equipment but are essential to drilling operations, such as labor, fuel, and site preparation.
The Energy Law
NOVEMBER 18, 2020
3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment.
The Energy Law
NOVEMBER 18, 2020
3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas (“SmartFab”) fabricates steel and repairs oil and gas drilling equipment.
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