article thumbnail

Five Lessons Learned from Executing Shale Drilling Transactions

The Energy Law Blog

The EJDA also should provide that production from the producing shale formation will secure the Lease Party against the Drilling Party’s failure to perform obligations in the earning zone and its other conventional formations, as well as other earning zones. The Five Lessons 1. Take advantage of the geology.

article thumbnail

FIFTH CIRCUIT BEGINS TO CLEAN UP ITS JURISPRUDENCE ON HOW TO DETERMINE WHETHER A CONTRACT IS (OR IS NOT) MARITIME

The Energy Law Blog

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.

E&P 40