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Operators May Earn and Sell Carbon Credits for the P&A of Inactive, Shut-in, or Temporarily Abandoned Wells

The Energy Law

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. Well Eligibility.

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New IRS Revenue Ruling Provides Opportunities for Financing Carbon Capture Equipment

The Energy Law

It is the second conclusion above that ruling that provides new opportunities for owners of plant facilities to finance the investment in carbon capture equipment necessary to prevent emitting carbon dioxide produced at their facilities into the atmosphere.

Finance 59
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U.S. DEPARTMENT OF INTERIOR ISSUES 60-DAY MORATORIUM ON FEDERAL LEASING AND DRILLING PERMITS

The Energy Law

The Order, however, does not limit oil and gas operations under valid leases, so previously approved activities and operations can continue. The 60-day suspension is to allow the incoming Administration time to review and evaluate Interior’s programs, including its oil and gas programs.

Oil 76
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Wind Energy Development in the Gulf of Mexico

The Energy Law

The Bureau of Ocean Energy Management (BOEM), a sub-agency within Interior, promulgated regulations in 2009 which set forth the procedure for leasing, siting, construction, and operation of offshore wind projects. The Construction and Operations Plan for this project was approved by BOEM in 2021. federal waters. 556.402(c). 585.107(d).

Energy 98
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Louisiana Supreme Court Upholds Expropriation of Commercial Venture

The Energy Law

Bernard Port, Harbor & Terminal District (the “Port”), a government-owned public cargo facility, sought to expand its operations along the Mississippi River. Navy or to halt competition with the Landowner’s cargo operations. Bernard Port, Harbor & Terminal District v. Violet Dock Port, Inc., LLC , the St.

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Louisiana First Circuit Reaffirms Prescription and Subsequent Purchaser Principles

The Energy Law

for alleged damage to its property arising out of Chevron’s and its predecessor’s oil and gas operations in the Sardine Point Field from 1959 through 1991. To finance the sale, lenders also required Lexington Land to hire a consultant to prepare environmental assessments of the property. 5/25/21), 2021 WL 2102932, —So.

Casing 59
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Congressional Expansion of CCF Program

The Energy Law

By way of background, originally, only vessels operating in the United States foreign, Great Lakes, noncontiguous domestic, or in the fisheries of the United States could be constructed or improved under the program. Several years ago, the definition of Qualified Agreement Vessels was expanded to include the short sea transportation trade.