The Energy Law

MAY 24, 2007

James Boldrick is an assignee of an overriding royalty interest in property subleased to BTA. Boldrick sued BTA and Chevron/Texaco, seeking monetary damages based upon breach of contract, unjust enrichment and conversion, alleging that his share of the overriding royalty interest was being used to benefit the Defendants.

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Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The operator of Egina is China’s CNOOC: Chinese oil companies are expanding internationally, and Nigeria is one of the destinations, despite the challenges.

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Oil Royalty Exploration and Production Government 52

The Energy Law

MARCH 11, 2020

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. UNOCAL also reserved a 3% overriding royalty.

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The Energy Law

JUNE 12, 2017

1] In the case, a landowner sued its mineral lessees for: (1) failure to provide a recordable act evidencing the expiration of a mineral lease under Mineral Code articles 206-209 and (2) failure to pay royalties under Mineral Code articles 137-140. [2] in unpaid royalties and an additional double damages penalty of $484,058.52

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Valor

FEBRUARY 24, 2025

Read more 25% royalty rate cap on prime oil and gas land heads to the House Summary : The New Mexico Senate passed Senate Bill 23 in a 21-15 vote, advancing legislation to raise the maximum royalty rate on prime oil and gas land in the Permian Basin from 20% to 25%. The EIA forecasts U.S. crude output to grow from 13.2 energy exports.

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The Energy Law

AUGUST 8, 2017

T]he opinion will have a most chilling effect on the financing of oil and gas operations, which in turn will have an adverse economic effect on government and business in our state. Tauren Exploration, Inc. , A detailed summary of that decision is available here. Chief Judge Henry Brown, Jr.,

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Casing Oil Gas Royalty 40

The Energy Law

NOVEMBER 7, 2014

Recently, when there was talk about Houston-based ATP Oil and Gas’ (ATP) legal problems, it was inevitably about its bankruptcy and its effort to bring the overriding royalty interests it had conveyed back into the bankrupt estate as debt instruments. ATP is the ATP Innovator’s operator and ATP-IP is the platform’s owner. 955 F.Supp.2d

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Offshore Exploration and Production Oil Government 40

The Energy Law

MARCH 30, 2017

In Petro-Chem Operating Co., 1] In the case, an operator initiated a concursus action seeking to resolve ownership interest in minerals underlying property on which it was operating. which governs notarial acts of correction: A. (1) Flat River Farms, L.L.C. , Flat River Farms, L.L.C. ,

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The Energy Law

NOVEMBER 28, 2022

Another significant issue that will have to be addressed is the liability of operators and lessees or rights holders for potential leaks from offshore CCS projects. Interior is currently conducting ongoing research on various technical and operational issues associated with offshore CCS.

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Oil & Gas 360º

MARCH 10, 2025

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.

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Marcellus Shale Coalition

MARCH 7, 2025

DRB resident Betty Sutliff testified before the State House Government Committee. Appalachia producers consistently have the lowest methane emissions intensity of all the basins, underscoring local operators dedication to environmental stewardship. Who gave [politicians] the right to choose prosperity for some and poverty for others?

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Natural Gas Basin Gas Royalty 97

Oil and Gas Investments

NOVEMBER 27, 2024

Brazilian government data (SECEX) from January 16, 2024, shows that Brazil exported about $166.6 A WORLD-CLASS MINE Brazil Potash expects Autazes to produce roughly 2.4Mt of potash (MOP) once operating at full capacity enough to satisfy 20% of Brazil’s needs. What’s left is the operating license.

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Casing Exploration and Production Royalty Transportation 52

The Energy Law

APRIL 7, 2020

The equity for these LLCs is known as “membership interests” but may be referred to in the LLC operating agreement as “units”. Many LLC operating agreements provide for the issuance of additional membership interests or units, but may not provide for the issuance of a different class of membership interests or units.

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Oil & Gas 360º

MARCH 5, 2025

government and a company that was awarded a license by the NRC, the federal agency that regulates nuclear energy in the United States, to operate a facility in western Texas of a lower courts ruling declaring this storage arrangement unlawful. government and fire thousands of workers. government, told the justices.

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Valor

FEBRUARY 3, 2025

Read more Judge blocks major North Sea oil and gas projects in victory for activists Summary : A UK judge temporarily halted a major oil and gas development in the North Sea, ruling that the government’s environmental impact assessment was insufficient. oil regions.

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