The Energy Law

JULY 2, 2020

For more information on these CARES Act topics see our prior newsletter here. Expanded Definition of Qualified Individual IRS Notice 2020-50 expands the CARES Act definition of a qualified individual who is eligible for CRDs, loans, and loan payment suspension.

E&A 40

E&A E&P Insurance IT 40

The Energy Law

FEBRUARY 17, 2021

Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) the identities of their beneficial owners and applicants. FinCEN will use these disclosures to create a national database to combat terrorism and money-laundering schemes which have used business entities to hide the identity of their owners.

E&A 52

E&A IT Completion Government 52

The Energy Law

APRIL 20, 2020

The MSLP will operate through two facilities: the Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF). Once the MSLP is operational, small and medium-sized businesses interested in the MSLP may apply for MSNLF or MSELF loans through an eligible lender. insured depository institutions, U.S.

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E&A Finance Operator IT 40

The Energy Law

MARCH 8, 2021

The chapter 7 trustee will not continue to operate the business. The Bankruptcy Code recognizes this and places a priority on employee wages and benefits that were earned prior to the filing of a bankruptcy proceeding. This fifth priority cap is reduced by any amounts paid to the employee under the fourth priority. the company).

E&A 40

E&A IT Casing Insurance 40

The Energy Law

FEBRUARY 17, 2021

Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) the identities of their beneficial owners and applicants. FinCEN will use these disclosures to create a national database to combat terrorism and money-laundering schemes which have used business entities to hide the identity of their owners.

E&A 40

E&A IT Completion Government 40

The Energy Law

MARCH 30, 2020

Day-to-day life has been dramatically impacted by the coronavirus disease 2019 (COVID-19), and many courts in Louisiana and Texas have been forced to close or limit operations in conjunction with stay-at-home orders. A brief discussion of how COVID-19 has affected Louisiana and Texas courts is discussed here.

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Instrumentation Insurance Operator Casing 40

The Energy Law

SEPTEMBER 18, 2020

For example, the Proposed Rule would remove the requirement that a third-party guarantee ensure compliance with the obligations of all lessees, operating rights owners, and operators on the lease. taxpayers against picking up the tab for high-risk decommissioning liabilities.

Management 52

Management E&A Pipeline Insurance 52

The Energy Law

SEPTEMBER 18, 2020

For example, the Proposed Rule would remove the requirement that a third-party guarantee ensure compliance with the obligations of all lessees, operating rights owners, and operators on the lease. taxpayers against picking up the tab for high-risk decommissioning liabilities.

Management 40

Management Exploration and Production E&A Pipeline 40

The Energy Law

MAY 19, 2020

The forgiveness amount of such non-payroll costs may be further limited by any amounts attributable to the business operation of a tenant or sub-tenant of the borrower or by certain payments to related entities (e.g., The total amount of potential forgiveness is capped at the original principal balance of the PPP loan, plus accrued interest.

IT 40

IT E&A Completion Consulting 40