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(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operatedoil volumes. [1] – Andrew Dittmar, Principal Analyst Enverus Intelligence Research [1] How This Deal Affects Mid-Size Operators 1. . million per location. [2] million per location. [2]
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
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.
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.
Lessons from other heavy industries can help them transform their operations from end to end. Exploration and production companies born during the shale boom are struggling in the era of cash.
Presentation opportunities are available for E&P, Midstream, OFS, Minerals, and Energy Transition companies Sponsorship opportunities are available for companies seeking to increase their marketplace awareness DENVER March 4, 2025 EnerCom, Inc.
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. Plaintiff was injured when he was exposed to a hydrochloric acid spill at a Comstock well site during fracking operations.
requiring the oil and gas company to pay $3 million in civil penalties and to spend approximately $13 million to restore 15 sites in West Virginia that had been developed without dredge and fill permits. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities.
The issue of whether a company is an independent contractor of an E & P company is frequently litigated in oilfield injury accidents, as the injured worker searches for multiple sources of possible recovery. Plaintiff was injured when he was exposed to a hydrochloric acid spill at a Comstock well site during fracking operations.
The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources.
(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4
In Summit , the Sixth Circuit concluded that EPA’s interpretation of the term “adjacent” in the context of source aggregation under the Clean Air Act’s Title V and NSR permitting was unreasonable in its application to geographically dispersed oil and gas facilities. The Court’s decision is good news for the oil and gas industry.
In 2007, in guidance specifically addressing oil and gas activities, EPA stated that “proximity is the most informative factor in making source determinations.” Specifically at issue was EPA’s finding that the plant and the wells were “adjacent” based on their operationally interdependent relationship. See Memorandum from William L.
By Robert E. Moreno On August 16, 2012, EPA published a new rule that revises the NESHAP Subpart HH standards for the oil and gas industry. New Oil & Gas Rule The new rule modifies the definition of “associated equipment” by removing the “potential for flash emissions” qualifier after “storage vessels.” Holden and Carlos J.
A Regulatory Increase to the Limits of Liability for Oil Pollution and an Amendment Exempting Small Passenger Vessels from the Limitation of Liability Act Present New Challenges for Vessel Owners U.S. First, the Coast Guard announced [1] increases to the liability limits in the Oil Pollution Act of 1990 (“OPA”). [2]
Exxon ”), at p. Much of the oil production allegedly associated with climate change occurred at the direction of the federal government during wartime or other geopolitical events. OCSLA provides federal jurisdiction for claims arising out of or in connection with operations conducted on the Outer Continental Shelf. Since D.C.
4] In 2007, Fossil Operating, Inc. Fossil”), with whom Tauren contracted to conduct operations on the property, drilled and completed wells on the leased property in Sections 9, 10, and 16. [5] 5] Chesapeake Operating, Inc. (“Tauren”) and contained a three year primary term as well as a horizontal and vertical Pugh clause. [3]
The VIDA tasks the EPA with developing national standards of performance for discharges incidental to the normal operation of primarily commercial vessels that are over seventy-nine feet in length. The SNPR also proposes new equipment standards for “Lakers,” which are vessels that operate exclusively on the Great Lakes.
Gulf Oil Corp. , [1] for determining whether a contract to perform services related to oil & gas exploration on navigable waters is maritime, the Fifth Circuit took up In re Larry Doiron, Incorporated [2] earlier this year in an effort to streamline the test and bring clarity to an area of the law mired in uncertainty.
Last year, in another dispute over who should bear the cost of decommissioning offshore facilities, the Southern District of Texas held that a former sub-assignee of offshore operating rights was entitled to equitable subrogation from the record title owner and initial assignor. Union Oil Co. Marubeni Oil & Gas (USA), Inc. ,
This case presents two critical questions: Who owns subsurface caverns created by salt mining operations, and How should in-kind royalties be calculated for salt production? As I recently summarized in my annual oil and gas law review (Austin W. Brister & Logan Jones, Oil, Gas & Mineral Law, 9 SMU ANN. West , 508 S.W.2d
In Lightning Oil Co. Anadarko E&P Onshore, No. A mineral “‘lessee’s interest is a separate, real interest, amount[ing] to a defeasible title in fee to the oil and gas in the ground.’” It is common for operators to drill multiple horizontal wells from one drill pad. Lightning Oil Co. Lexis 8673 (Aug.
EP Energy E&P Company, L.P., The Second Circuit next turned to defendants’ second argument: the lower court erred in finding the unitized well failed to produce in paying quantities as the evidence demonstrated that a reasonably prudent operator would have continued production.
In the next few days, the Bureau of Ocean Energy Management (BOEM) will publish in the Federal Register a Proposed Rule that would result in a significant change on how the agency regulates air emissions from oil and gas operations on the Outer Continental Shelf (OCS), in the Central and Western Gulf of Mexico (GOM). Proposed Rule, p.
The process of building a nuclear power station, wind farm, hydroelectric turbine or oil well can take years. The process of planning, safekeeping and operating energy production facilities is a long term process, running into decades. The criteria will depend on each use case.
Southwestern operated several wells on the leased tract, several of which were hydraulically fractured. 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]
Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations. A party that assigns a record title interest or operating rights remains liable for decommissioning liability.
Decommis sioning liability for predecessors: Current regulations – All lessees and owners of operating rights are jointly and severally liable for meeting decommissioning obligations. A party that assigns a record title interest or operating rights remains liable for decommissioning liability.
Lawsuits against fossil fuel companies: Investor Fraud Lawsuits: The first category of climate change litigation alleges that oil and gas companies defrauded investors by falsely stating that the company had fully considered the risks of climate change regulation and had factored those risks into its business operations.
(Oil & Gas 360) Publisher’s Note: CanCambria Energy will be presenting at the 30th Anniversary of EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. From 2015 to 2024, Mr. Pierce was CEO and Director of TAG Oil Ltd., a TSX-listed oil and gas producer in Australasia and Egypt.
Amidst historically low oil prices and economic shutdowns, fossil fuel companies continue to defend against lawsuits brought by state and local governments claiming climate-change related damages. 19-1330), and the First Circuit is likewise reviewing the remand of Rhode Island’s climate change lawsuit back to state court (Docket No.
(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. million acres in Alberta.
American oil and gas producers may soon be poised to capitalize on this demand, as produced water from some areas contains appreciable levels of dissolved lithium. One such issue is the applicability of an oil, gas and mineral lease to the production and selling of lithium. 45X(c)(6)(P). [3] 30D(e)(1). [4] 1] 26 U.S.C. §
Crude oil is one of the most vital commodities in the world, powering industries, transportation, and economies globally. What Are Direct Oil and Gas Exploration Investments? As an investor, you’re entitled to a portion of the profits, but you also bear some operational costs. Who Qualifies as an Accredited Investor?
Source: Bank of America I’m not going to tell you Mobileye is “cheap” The midpoint of their 2025 operating income guidance is $217M, while the market cap is about $13B. Thats a hefty P/E.
oil and gas industry, which has focused on returning capital to shareholders and reined in exploration and investment, has broadly welcomed Trump’s pro-energy stance, even though lower prices typically hurt company bottom lines. Oil prices hit a three-year low in early March. Santos on Sunday evening attended a dinner with U.S.
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