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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. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
Diamondback is one of the largest players in the Permian Basin, second only to Exxon Mobil, based on gross operated oil 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]
Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells.
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.
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 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 Trans Energy settlement shows that exploration and production (E&P) companies need a rigorous compliance strategy for wetlands permit requirements. On the other hand, the legal commentary has virtually ignored the importance of Nationwide Permits (NWPs) 12 and 39 to E&P activities.
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. Conference Dates: August 1720, 2025. London, Mexico City and Shanghai.
It covers total production figures, performance by key operators, and state-level contributions, focusing on key basins such as the Permian Basin, Appalachian Basin, Denver-Julesburg (DJ) Basin, Onshore and Offshore Gulf of America (Mexico), Williston Basin, and Greater Anadarko Basin. in 2023 compared to 2022 but recovered slightly by 0.4%
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. For more on this decision, see our previous blog entry here.
The addition of Luceros operations will enable Vitesse to expand its assets across the Bakken shale region, where Lucero had approximately 6.4 Mboe per day of two-stream net production during the third quarter of 2024.
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. Conference Dates: August 1720, 2025. London, Mexico City and Shanghai.
Specifically at issue was EPA’s finding that the plant and the wells were “adjacent” based on their operationally interdependent relationship. When making single stationary source determinations without the protection of the non-aggregation provision in Section 112 of the Clean Air Act, 42 U.S.C.
Upstream Investments; Exploration and Production (E&P): The upstream sector involves the search for oil and gas reservoirs and the extraction of these resources. Investment opportunities in this area include direct investment in E&P companies, partnerships, and joint ventures.
Exxon ”), at p. OCSLA provides federal jurisdiction for claims arising out of or in connection with operations conducted on the Outer Continental Shelf. The court reasoned that misrepresentations in advertising are not connected with operations “conducted on” the OCS. District of Columbia v. Exxon Mobil Corporation, et al.,
1/30/13) (“ LL&E ”), that legacy plaintiffs are entitled to additional remediation damages in two circumstances: (1) if required by an express contractual provision, or (2) if the mineral lessee has acted unreasonably or excessively under the lease. Land and Exploration Co., 3d 1038 (La. at § M(1) (emphasis added). It did not.”
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.
3] In Crescent , litigation ensued after Crescent’s employee suffered injuries while conducting P&A work on a platform. Turning to the first prong of the Doiron test, the court needed to determine whether P&A work constituted “services to facilitate drilling or production.” Carrizo Oil & Gas, Inc. [3]
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. Sojitz Energy Venture, Inc. Union Oil Co. of California , 394 F.
EP Energy E&P Co., The court further instructed that the fact finder must consider: “all matters which would influence a reasonable and prudent operator. Firstly, the decision reaffirms that extraordinary, nonrecurring expenses are not operating expenses. 50,300-CA (La. during the 41-month period.
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.
By Robert E. One important change is how the new definition of “associated equipment” modifies the aggregation rule for Hazardous Air Pollutants (HAP), which in turn modifies the applicability of the “major source” definition for oilfield operations, in particular as it applies to oil and gas wells, tanks and glycol dehydrators.
3] When the source of the discharge is a vessel, the “responsible party” is the owner, operator, or demise charterer of that vessel. [4] 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. 13] 46 U.S.C.
The process of planning, safekeeping and operating energy production facilities is a long term process, running into decades. Once we go back to the new normal we expect that each E&P company will decide which is the most suitable for their needs, in-person or virtual? What happens when no-one can fly internationally?
Anadarko E&P Onshore, No. It is common for operators to drill multiple horizontal wells from one drill pad. The Fourth Court of Appeals recently held that surface owners control the matrix of the underlying earth; thus, a surface owner can give permission to drill through the subsurface to an adjacent lease. Lexis 8673 (Aug.
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.
Southwestern operated several wells on the leased tract, several of which were hydraulically fractured. 12] Accordingly, the rule of capture is not rendered inapplicable simply because hydraulic fracturing provides an additional mechanism by which operators stimulate production. 6] Briggs , 2020 WL 355911 at p. *5.
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? Anadarko E&P Onshore, LLC , 520 S.W.3d Part I: The Battle Over Subsurface Storage Rights A. West , 508 S.W.2d 2d 812 , 815 (Tex. 3d 39 , 47 (Tex.
P N K (Lake Charles) L.L.C., 2] Goodyear Dunlop Tires Operations, S.A. 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. The Fifth Circuit had not addressed this issue until Frank v. 915 (2011). [3]
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.
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. A member of the individual’s household is someone who shares the individual’s principal residence. Communications include firm news, insights, and events.
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.
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. Communications include firm news, insights, and events.
Mr. Piet Van Assche will be promoted internally to Chief Operating Officer while maintaining his current role as Managing Director of Hungary. Dr. Cornelius commented: Founding CanCambria as an international unconventional resource E&P company has been one of the highlights of my career.
Visible Long-Term Synergies: Visible operating, capital and corporate synergies which, in addition to supply chain efficiencies, can generate meaningful savings. Anticipated annual synergies of over $200 million can be achieved independent of commodity prices and will begin to be captured upon closing of the transaction.
4] As it becomes faster and more efficient to extract lithium from lower-concentration oilfield brines, oil and gas operators will find themselves increasingly capable of entering the booming lithium marketplace in the next few years. 45X(c)(6)(P). [3] 30D(e)(1). [4] Communications include firm news, insights, and events.
Direct investments in crude oil and natural gas generally involve purchasing interests in exploration and production (E&P) companies, owning working interests in oil and gas wells, or investing in partnerships that develop and operate oil fields. Due diligence is critical to success in this space.
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.
Trump last month ended a license granted to Chevron since 2022 to operate in Venezuela and export oil. . “Swinging from one extreme to another is not the right policy approach,” Chevron CEO Mike Wirth said on Monday at the conference. SPENDING STALLS Spending by the U.S.
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