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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

It is the second conclusion above that ruling that provides new opportunities for owners of plant facilities to finance the investment in carbon capture equipment necessary to prevent emitting carbon dioxide produced at their facilities into the atmosphere.

Finance 59
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A New Opinion Report is Published: Assistance for Real Estate Financing Transactions

The Energy Law

A Lender in a real estate financing transaction often requires borrower’s counsel to opine on certain aspects of the transaction as a condition to the closing. The first opinion report specifically addressing financing opinions in real estate transactions was the Real Estate Opinion Letter Guidelines published in 38 Real Prop.

Finance 40
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Proposed Louisiana Senate Bills Could Secure Up To $200M In Federal Funds For Orphan Well Restoration

The Energy Law

Currently, the Fund is primarily financed by fees imposed on oil and gas production within the State and is capped at $14 million. Congress has dedicated $4.7 billion to orphan well plugging, remediation, and restoration activities nationwide through the Infrastructure Investment and Jobs Act (“IIJA”).

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Wind Energy Development in the Gulf of Mexico

The Energy Law

Over the past year, the U.S. Department of Interior has taken several important steps toward making wind energy development a reality in the Gulf of Mexico. To date, the development of offshore wind in federal waters has largely been limited to the east coast. BOEM issued the Draft EA in July 2022.

Energy 98
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U.S. DEPARTMENT OF INTERIOR ISSUES 60-DAY MORATORIUM ON FEDERAL LEASING AND DRILLING PERMITS

The Energy Law

Privacy Policy: By subscribing to Liskow & Lewis’ E-Communications, you will receive articles and blogs with insight and analysis of legal issues that may impact your industry. Following through with President Biden’s campaign promise to halt oil and gas drilling on federal lands, on January 20, 2021, the Acting Secretary of the U.S.

Oil 76
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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

The methodology is designed to incentivize and accelerate the plugging of inactive wells that would otherwise continue to emit methane into the atmosphere and to allow operators to take advantage of the growing carbon market to help finance this expensive, but important, activity. Well Eligibility.

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Supreme Court Punts on Important Arbitrability Question

The Energy Law

The Supreme Court’s rare dismissal of a previously granted cert petition means that the justices have declined to reconsider the Fifth Circuit’s decision refusing to send the underlying dispute to arbitration. In the first instance, the Court considered who – the court or an arbitrator – decides whether the dispute must be arbitrated.

Casing 76