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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex. The lessees paid royalties to the lessors based on their gross proceeds.

Royalty 98
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Baghdad Reaffirms Full Compliance with OPEC+ Agreement

Iraq Business News: Oil & Gas

The Iraqi Ministry of Oil has reaffirmed its full commitment to the OPEC+ production agreement, including additional voluntary cuts and compensation for excess production. This commitment was reiterated during a joint phone call between: Hayan Abdul Ghani Abdul Zahra, Iraq's Deputy Prime Minister for Energy Affairs and Minister of Oil.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%). The project includes the drilling of more than 200 wells and the installation of a new centralised process complex, nine remote wellhead platforms, and associated pipelines.

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Streamlining U.S. EPA Subpart W Greenhouse Gas Reporting with AWS and Sustainability Insights Framework

AWS: Energy (Oil & Gas)

Introduction Oil and Gas companies operate in a complex global environment that requires them to balance energy demand with a lower carbon footprint. GHG reporting for an Oil and Gas company involves collecting data from a wide range of systems, calculating emissions, and reviewing emission data before submitting them to the EPA.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

To mark International Womens Day, Oil Review Middle East asked the co-founder and CEO of CorrosionRADAR to share her remarkable 20-year journey in engineering and industrial technology. Oil Review Middle East: Why are industry awards important to you? Oil Review Middle East: What did your education and early career look like?

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Unleashing sustainable potential: harnessing machine learning on AWS for optimal energy usage

AWS: Energy (Oil & Gas)

Use SageMaker Pipeline to orchestrate the end-to-end ML workflow as an alternative to AWS Step Functions , and SageMaker Training for training the model as an alternative to AWS Batch. Use Amazon Neptune and AWS IoT SiteWise to enrich your IoT sensor data with Asset Model and Model Hierarchy.

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HISTORY OF SPILLS: TC Energy’s Keystone pipeline (22 SPILLS: 2010-2022)

Adrian - Oil & Gas

(Note: TC Energys (formerly TransCanada) Keystone pipeline is not to be confused with the companys proposed Keystone XL pipeline a separate pipeline project that was defeated and cancelled two separate times under Pres. TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S. Obama and Pres. 30 spill. #21: