Remove Events Remove Exploration and Production Remove Operator
article thumbnail

Western District of Louisiana Holds that Unit Operators May Not Recover Post-Production Costs from an Unleased Mineral Owner’s Share of Production Proceeds

The Energy Law

District Court for the Western District of Louisiana held that a unit operator may not recover post-production costs from an unleased mineral owner’s share of production proceeds in Allen Johnson, et al. 30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3]

article thumbnail

Louisiana Third Circuit Affirms that LDNR Can Only Recover Emergency Response Costs Under La. R.S. 30:93(A)(4) from the Operator of Record and its Working Interest Owners

The Energy Law

In Litel Explorations, LLC v. million dollars in emergency costs from prior operators of an orphaned well. The Court held that, when the LDNR spends monies from the Oilfield Site Restoration Fund on emergencies, it can only recoup those costs from the well’s operator of record and its working interest owners. LLC , 21-0741 (La.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI-powered technologies are enabling companies to optimize operations, enhance oil and gas exploration, and prevent costly disruptions. From predictive maintenance to real-time data analytics, AI solutions are revolutionizing how oil and gas companies operate, analyze vast amounts of data, and reduce risk across the board.

Oil 52
article thumbnail

The Smackover Formation: Unveiling the Lithium Potential

The Energy Law

The rising demand for lithium, combined with Federal tax credits for lithium production, has intensified lithium exploration efforts. Formed during the Jurassic period, this geological formation has been tapped for oil and gas, as well as brine for production of bromine, since the 1950s.

article thumbnail

Gastech Days I & II: Energy transformation through innovation

Oilholics Synonymous Report

Bush got things going on Monday night by highlighting his state and country's achievements in the global energy sphere at the Gastech pre-event gala dinner. The event's exhibition floor also opened its doors on the first morning for the 4-day event, with 800 exhibitors and 20 international country pavilions.

article thumbnail

ADIPEC Days I & II: All about 'Energy^AI'

Oilholics Synonymous Report

At the opening ceremony on Monday, ADNOC's CEO and the UAE's Minister of Industry and Advanced Technology Sultan Ahmed Al Jaber said the state-operated energy company will deploy autonomous AI for the very first time and called on his peers to embrace it too for the benefit of the wider energy industry. Or perhaps a combination of all three.

Energy 130
article thumbnail

URTeC 2024 Recap: Insights and Highlights from the Novi Team

Novi

The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.

Basin 52