The Energy Law Blog
MAY 5, 2023
The leases obligated MRC to spud a new well every 180 days after the spud date of the last well during the leases’ secondary terms to avoid having the non-developed portions of the leases terminate. MRC did not notice its error until approximately two weeks after May 21, 2017, at which point it had not yet spudded the new well.
The Energy Law Blog
JUNE 21, 2022
The ACR methodology defines eligible abandoned wells to include: (1) unplugged wells with a spud date prior to 1950, which are eligible because they predate standardized regulations for P&A, and (2) unplugged wells with a spud date of 1950 or later and having no production for six consecutive months. million vehicles per year.
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The Energy Law Blog
MARCH 30, 2017
In Petro-Chem Operating Co., Flat River Farms, L.L.C. , the Louisiana Second Circuit addressed issues affecting the creation and preservation of mineral servitudes and payment of court costs in a concursus action. [1] 8] However, these agreements did not contain language providing for a mineral reservation to the tract’s original owner. [9]
The Energy Law Blog
JULY 20, 2018
Turning to the second test, the court noted that the specific work order for the P&A job called for the use of three vessels — a supply barge, a tug, and the spud barge OB 808. After some thirty years of wrestling with the cumbersome six-part test set forth in Davis & Sons, Inc. Carrizo Oil & Gas, Inc. [3]
The Energy Law Blog
APRIL 30, 2020
A well was spud on March 28, 2006. While the long-term fallout from the recent decline in oil prices and the COVID-19 pandemic remains unclear, it is clear that drilling activity has already started to decline. Cannisnia Plantation, LLC v. The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006.
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