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The agenda specifically states that the Mineral Board will engage in “[a] discussion regarding the potential for the State Mineral and Energy Board to enter into a legal contract with a third party that would pursue claims of underpayments of royalties related to naturalgas production on state lands and water bottoms.”
On February 16, 2023, Senators John Kennedy, Ted Cruz, Shelley Moore Capito, and Kevin Cramer filed Senate Bill (SB) 438, which is the reintroduction of the NaturalGas Export Expansion Act. The bill aims to amend the NaturalGas Act to provide for expanded naturalgas exports in the United States.
The Louisiana Department of Natural Resources (LDNR) has proposed a rule that will significantly restrict the practice of venting and flaring at wellsites in an effort to address naturalgas waste in Louisiana. Communications include firm news, insights, and events.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.
Army Corps of Engineers to Driftwood LNG – a liquefied naturalgas (LNG) export terminal under construction near Lake Charles. 1] The petition was filed – and the suit will proceed – in the United States Court of Appeals for the Fifth Circuit, which has jurisdiction over such matters pursuant to The NaturalGas Act (15 U.S.C.
Environmental Protection Agency (EPA) announced it had finalized a voluntary disclosure program for new owners of upstream oil and naturalgas exploration and production facilities. On March 29, 2019, the U.S. New owners who acquired facilities in the twelve months before EPA finalized this program are also eligible.
Nevertheless, the Grayson plaintiffs sued the defendants claiming they “…violated a federal policy – the shipper-must-have-title rule – while transporting their gas and deducted the costs of that ‘unlawful’ transportation from Plaintiffs’ revenue shares.” Of Louisiana), et al. BPX Operating Co., Grayson L.L.C. BPX Operating Co., 9/20/2022).
Winter Storm Uri sent shockwaves through Texas, freezing gas supplies at a time of critical need and plunging the state into widespread power outages. Under the contract, Pioneer agreed to deliver 20,000 MMBtu of naturalgas daily to MIECO at the Ehrenberg pooling hub on the Arizona-California border. Pioneer Nat.
On June 29, 2021, the United States Supreme Court, in a 5-4 vote, held that a naturalgas company’s right to condemn property for a pipeline under the NaturalGas Act includes the right to condemn state-owned property. In PennEast Pipeline Co. In January 2018, FERC granted PennEast’s request.
In August 2018, dry naturalgas production from the Haynesville shale averaged 6.774 billion cubic feet per day, which is the highest daily Haynesville production average since September 2012 when production averaged 6.962 billion cubic feet per day. El Paso E & P Co. , El Paso E & P Co. , 2d 640, 641-43 (W.D.
These events have dramatically impacted the world economy, and wreaked havoc on the day-to-day functions of individuals and businesses in the United States and elsewhere. Does this pandemic and resultant disruption constitute a force majeure event under Louisiana and Texas law? Black’s Law Dictionary (11th ed.
On its face, such a sweeping ban on the acquisition of immovable property by foreign corporations in Louisiana could have the potential to negatively affect the state’s future in oil and gas industry. Sponsored by Rep. Valerie Hodges, Louisiana House Bill No. The bill ties the definition of “foreign adversaries” to 15 CFR 7.4(a),
With topics ranging from offshore oil and gas moratoriums to restrictions on naturalgas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. Ron Reynolds, make up a two-fold strategy to limit naturalgas flaring and venting in the state. [1]
The plant produces methanol by first creating syngas from the naturalgas input in an acid gas removal unit that removes carbon dioxide, and then converts the purified syngas gas into methanol. For more information on carbon capture and section 45Q tax credits, see here , here and here.
With topics ranging from offshore oil and gas moratoriums to restrictions on naturalgas flaring and venting, the following is an overview of notable energy legislation to be heard in state legislatures this year. Ron Reynolds, make up a two-fold strategy to limit naturalgas flaring and venting in the state. [1]
concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. Devon Energy Production Company, L.P. Sheppard is a royalty dispute between several lessees, Devon Energy Production Co., and several lessors, Michael A. Sheppard, et. See 13-19-00036-CV, 2020 WL 6164467, at *12 (Tex.
The first is a 2008 Texas Supreme Court decision in which the court framed the issue as “whether subsurface hydraulic fracturing of a naturalgas well that extends into another’s property is a trespass for which the value of gas drained as a result may be recovered as damages.” [2] Chesapeake Appalachia, L.L.C. [4]
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant naturalgas growth potential. Under the terms of the Agreement, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held. .”
For accredited investors, direct investment in crude oil and naturalgas exploration provides an opportunity to diversify their portfolios and potentially tap into lucrative returns, as well as enjoy some significant tax benefits. What Are Direct Oil and Gas Exploration Investments?
As part of this pursuit, the Department of Energy will enter into cooperative agreements with industry and other stakeholders for the construction and operation of six demonstration projects for carbon capture at coal electric generating facilities, naturalgas electric generating facilities, and industrial facilities.
As part of this pursuit, the Department of Energy will enter into cooperative agreements with industry and other stakeholders for the construction and operation of six demonstration projects for carbon capture at coal electric generating facilities, naturalgas electric generating facilities, and industrial facilities.
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