The Energy Law

MARCH 15, 2023

2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. The leases contained the following royalty provisions: 3. Sheppard , — S.W.3d NationsBank”, 939 S.W.2d

Royalty 98

Royalty Oil Gas Downstream 98

The Energy Law

JUNE 21, 2016

At issue in Southwest Royalties, Inc. The State contended that bringing minerals to the surface does not constitute “manufacturing,” and put on evidence to show that the phase changes identified by Southwest were the result of natural changes in pressure in temperature and were not caused by Southwest’s equipment.

Manufacturing 52

Manufacturing Oil Gas Royalty 52

The Energy Law

MARCH 10, 2023

First, the Advanced Manufacturing Production Credit grants a tax credit equal to 10% of the costs incurred to produce any critical minerals, [1] including lithium. [2] Accordingly, the recently passed Inflation Reduction Act (“IRA”) seeks to amplify domestic lithium production through two tax credits.

E&P 105

E&P E&A Oil Gas 105

The Energy Law

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. This presents a significant opportunity for the Gulf of Mexico to be in a leading role in helping the U.S.

Offshore 105

Offshore Operator E&A Pipeline 105