The Energy Law Blog

JUNE 18, 2015

The 5-4 decision, authored by Justice Hecht, is the latest in a series of cases from high courts across the country addressing the sharing of “post-production costs” between royalty owners and oil and gas lessees. NationsBank , 939 S.W.2d 2d 118 (Tex.

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The Energy Law Blog

SEPTEMBER 23, 2008

Title I addresses the existing moratoria, future OCS access, exploration, production and royalty questions. per MMBtu, unless lease royalties were renegotiated with the Secretary , imposes Conservation of Resources Fee on nonproducing lease acreage of $3.75 House of Representatives passed Speaker Pelosi’s Energy Bill, H.R.

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The Energy Law Blog

DECEMBER 11, 2006

. — (2006), the Supreme Court resolved a legal issue that has been at the center of federal royalty litigation for twenty years: viz. 2415(a), which imposes a 6-year statute of limitations for Government “every action for money damages. whether 28 U.S.C. On appeal, the D.C. Amoco Production Co. Watson , 410 F.3d 3d 722 (D.C.

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The Energy Law Blog

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 government has been fighting the illicit refineries for years. The government had little choice but to try and negotiate peace with the militants.

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The Energy Law Blog

SEPTEMBER 12, 2008

By Jonathan Hunter: In a highly anticipated decision, the Tenth Circuit held this week that the district court had subject matter jurisdiction over a qui tam action filed by an MMS auditor concerning royalty payments on crude oil produced from offshore federal leases. The court also ruled that “Mr.

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The Energy Law Blog

DECEMBER 11, 2007

Chevron”), the Plaquemines Parish Government (“PPG”), and others in a dispute with the State of Louisiana over the validity of a 1938 mineral lease granted by the Buras Levee District (“BLD”). On November 21, 2007, the Louisiana Fourth Circuit Court of Appeal affirmed the trial court’s ruling in favor of Chevron U.S.A.,

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Reporting Oil and Gas

NOVEMBER 26, 2023

Jinapor emphasized that the government’s decision to acquire crude oil without relying on dollars through this innovative approach had significantly curtailed the depreciation of the Ghana Cedi, playing a crucial role in bolstering the national economy. Additionally, petrol prices decreased from GHS23 per litre to GHS12 per litre.

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The Energy Law Blog

MARCH 11, 2020

UNOCAL also reserved a 3% overriding royalty. 2003) (“the regulations govern the parties’ joint and several liabilities vis-à-vis the Government not amongst themselves”) and Total E&P USA, Inc. UNOCAL assigned operating rights in the leases to ATP, who later assigned 20% of those rights to Sojitz. Parker Drilling Co. ,

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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

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The Energy Law Blog

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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The Energy Law Blog

MARCH 28, 2022

The State regulations that will govern Class VI wells once primacy is achieved are in Statewide Order No. The order creating the unit will also name a unit operator and allocate unit costs in the same proportion that unit production is allocated.

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The Energy Law Blog

JANUARY 9, 2007

Owners of mineral servitudes in Louisiana sued the United States — who claimed a share of the royalties under the earlier settlement agreement — asking the district court to declare that the United States’ mineral servitudes had prescribed under Louisiana law as a result of the lack of qualifying production for a period in excess of ten years.

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Producer's Edge

DECEMBER 3, 2024

Instead, the property laws of Texas govern perfection. Oil, gas, and other minerals that have not been extracted from the ground are treated as real property, to which the Texas UCC does not apply. But what about perfection?

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The Energy Law Blog

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., Bleich.”

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The Energy Law Blog

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. See United States v. ATP Oil & Gas Corp. , 955 F.Supp.2d 2d 616 (E.D. See 40 C.F.R.

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The Energy Law Blog

MARCH 26, 2019

30:10 governed whether a unit operator may deduct post-production costs against UMO’s share of production proceeds. [3] 30:10, which governs agreements for drilling units and pooling interests in Louisiana. [7] 30:10] simply means that, for all of this, he is given the equivalent of a “no cost” royalty clause on production proceeds.

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The Energy Law Blog

MARCH 30, 2017

which governs notarial acts of correction: A. (1) Article 1920 is the general rule under the Code of Civil Procedure governing the taxation of court costs. The first tract, which covered 63 acres, was transferred through a series of agreements including an act of exchange and a subsequent cash sale in 2007. [8] However, art.

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Marcellus Shale Coalition

MARCH 7, 2025

DRB resident Betty Sutliff testified before the State House Government Committee. Not only does responsible natural gas development bring economic gains like job growth, tax revenues and royalties to landowners, but it also facilitates our states energy security and environmental progress. A roundtable discussion with U.S.

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The Energy Law Blog

NOVEMBER 28, 2022

The CEQ report noted that royalty rate reduction credits for carbon capture could potentially create financial incentives for investment and recognized the need to address long-term liability after a storage site has been closed.

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Oil and Gas Investments

NOVEMBER 27, 2024

Brazilian government data (SECEX) from January 16, 2024, shows that Brazil exported about $166.6 Part of the funding for Autazes will come from a royalty agreement with Franco Nevada. That is $1M for the option – the purchase price of the royalty will be based on a 12.5% Which is a BIG advantage!

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Oil & Gas 360º

MARCH 10, 2025

Disciplined Leadership and Governance: The combined business will continue to be led by the Whitecap executive team, who have a long track record of operational excellence, financial discipline, strong safety performance and are focused on generating strong returns to shareholders.

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The Energy Law Blog

APRIL 7, 2020

For Securities questions, please contact John Anjier , and for Corporate Governance, please contact Nina Skinner. Should you have any questions regarding Capital Structuring and Tax please contact John Bradford.

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Oil & Gas 360º

MARCH 11, 2025

(BOE Report) –CALGARY The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

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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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The Energy Law Blog

JUNE 17, 2021

The Court found that the Plaintiff States demonstrated a substantial threat of irreparable harm due to “reduced funding for bonuses, ground rent, royalties, and rentals,” and “damage for reduced funding” for various state programs.

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The Energy Law Blog

JUNE 17, 2021

The Court found that the Plaintiff States demonstrated a substantial threat of irreparable harm due to “reduced funding for bonuses, ground rent, royalties, and rentals,” and “damage for reduced funding” for various state programs.

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The Energy Law Blog

JUNE 17, 2021

The Court found that the Plaintiff States demonstrated a substantial threat of irreparable harm due to “reduced funding for bonuses, ground rent, royalties, and rentals,” and “damage for reduced funding” for various state programs.

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