article thumbnail

Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.

Oil 130
article thumbnail

Texas Supreme Court Holds that References to โ€œOne-Eighthโ€ in Old Oil and Gas Conveyances Presumptively Refer to the Entire Mineral Estate

The Energy Law Blog

In the context of antiquated oil and gas conveyances including a double fraction that includes โ€œone-eighth,โ€ the Court affirmed this principle by holding that such language gives rise to a rebuttable presumption that โ€œone-eighthโ€ refers to the entire mineral estate. Texas courts refer to this phenomenon as the โ€œestate-misconceptionโ€ theory.

Royalty 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Economic Impact of Oil and Gas in Texas

Texron Operating

Igniting Prosperity: An Insight into the Economic Influence of Oil and Gas in Texas A pivotal component of the Texan economic landscape, the oil and gas sector has been fueling the state’s growth engine for decades. Texas’s oil and gas industry powers economic growth and enriches the state’s cultural tapestry.

Oil 52
article thumbnail

One Manโ€™s Waste is Another Manโ€™s Treasure: Texas Appellate Court Holds that Produced Water Belongs to Mineral Owners

The Energy Law Blog

In response, the Texas Legislature passed Texas Natural Resources Code ยง 122.002 on September 1, 2019, which grants title to produced water to whoever takes possession of it for the purpose of treating it for subsequent beneficial use, unless a conveyance instrument expressly provides otherwise.

Oil 98
article thumbnail

Exploring the World of Drill Pipes: Vital Components in Oil and Gas Exploration

DIC Oil Tools

DIC Oil Tools is one of the leading Suppliers of Drill Pipes for the oil and gas industry. At DIC Oil Tools, we only use the most durable materials available for OCTG and drill pipe manufacturers. Why choose DIC Oil Tools for Drill Pipe? Keep reading to learn more about this system and the benefits youll see.

Oil 52
article thumbnail

2024 Statistical Review Of World Energy Highlights

Energy Central

The Statistical Review is instrumental in providing comprehensive data on global oil, gas, and coal production and consumption, as well as on carbon dioxide emissions and renewable energy statistics. Last year, after 70 years of publishing the Statistical Review of World Energy, BP handing over publication to the Energy Institute (EI).

article thumbnail

Strengthening The Nigerian Oil and Gas Sector: A Call for Change

Nestoil

The Nigerian oil and gas industry has the potential to become a leading exporter of expertise and services to other African nations. Speaking at the 2024 Nigeria Oil and Gas (NOG) Energy Week in Abuja, Dr. Azudialu-Obiejesi emphasized the need for reforms in the implementation of these policies to better protect and promote local companies.

Oil 52