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The carbon credit market continues to evolve as oil and gas companies face increasingly stringent regulations to reduce greenhouse gas emissions. Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Additionality. Accounting and Crediting Period.
Union Oil Co. 250, Subpart N, as support for the notion that “BSEE’s primary enforcement mechanisms for violations of the decommissioning regulations are civil fines and criminal penalties,” police powers to which Sojitz cannot subrogate. Marubeni Oil & Gas (USA), Inc. , Sojitz Energy Venture, Inc. of California , 394 F.
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The court reasoned that every oil and gas well, whether conventional or otherwise, artificially creates a pressure gradient that causes minerals to flow towards the wellbore that otherwise would have remained in place. [12] 2] Coastal Oil & Gas Corp. 6] Briggs , 2020 WL 355911 at p. *5. 3d 1, 4 (Tx.
ATHOS I had its genesis in a 2004 vessel allision and oil spill on the Delaware River between New Jersey and Pennsylvania. The ATHOS I was contracted to deliver crude oil from Venezuela to a syndicate of CITGO interests, collectively referred to as “CARCO.” Delivery was to occur at CARCO’s marine terminal in Paulsboro, New Jersey.
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