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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

The ACR methodology defines eligible abandoned wells to include: (1) unplugged wells with a spud date prior to 1950, which are eligible because they predate standardized regulations for P&A, and (2) unplugged wells with a spud date of 1950 or later and having no production for six consecutive months. million vehicles per year.

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Louisiana Second Circuit Addresses: (1) Creation of Mineral Servitudes Via Notarial Acts of Correction; (2) Obstacles Suspending the Prescription of Nonuse from Running Against Mineral Servitudes; and (3) Payment of Court Costs in Concursus Actions

The Energy Law

In Petro-Chem Operating Co., Flat River Farms, L.L.C. , the Louisiana Second Circuit addressed issues affecting the creation and preservation of mineral servitudes and payment of court costs in a concursus action. [1] Flat River Farms, L.L.C. , 12] In its analysis, the Court first looked to the pertinent language of La.

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Elections to Participate in Proposed Operations are Non-Revocable

The Energy Law

Smith”) was the operator of the Bloomberg oil and gas lease, whose operations were governed by two JOAs. By Kevin Connolly On an issue of apparent national first impression, the Houston Court of Appeals, in XTO Energy Inc. Smith Production Inc., 14-07-0069-CV, 2009 WL 442003 at *1 (Tex. Houston [14th] 2009, no pet.

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Five Lessons Learned from Executing Shale Drilling Transactions

The Energy Law

Also included is a joint operating agreement (“JOA”) to govern the drilling and operation of additional development wells in a formation once a working interest in that formation has been earned in accordance with the provisions of the EJDA. The Five Lessons 1. Take advantage of the geology.