News & Analysis as of

Energy Sector Royalties

Holland & Knight LLP

Inexequibilidad de prohibición de deducción de regalías del impuesto sobre la renta en Colombia

Holland & Knight LLP on

La Sala Plena de la Corte Constitucional de Colombia el 16 de noviembre de 2023, profirió la Sentencia C-489 de 2023 por medio de la cual se resolvió declarar inexequible el parágrafo 1 del artículo 19 de la Ley 2277 de 2022...more

Blake, Cassels & Graydon LLP

La Cour d’appel de l’Alberta confirme l’annulation d’une décision ministérielle en vertu du régime de redevances albertain

Dans Shell Canada Limited v. Alberta (Energy), la Cour d’appel de l’Alberta (la « Cour ») a confirmé une décision rendue par la Cour du Banc du Roi de l’Alberta dans une affaire de contrôle judiciaire, laquelle décision...more

Blake, Cassels & Graydon LLP

Alberta Court of Appeal Upholds Quashing of Ministerial Decision Under Alberta Royalty Regime

In Shell Canada Limited v. Alberta (Energy), the Court of Appeal of Alberta (Court) upheld a judicial-review decision of the Court of King's Bench of Alberta quashing a decision of the Alberta Minister of Energy (Minister)...more

Houston Harbaugh, P.C.

Can Owners of Severed Oil and Gas Estates in Pennsylvania Lease Gas Storage Rights?

A dual purpose oil and gas lease transitions into its secondary term, and remains in its secondary term, if oil and gas is produced from the leasehold or if the leasehold is used for oil and gas storage. See, Smith v....more

Bracewell LLP

Nigeria’s energy sector: looking back at 2022 and looking ahead in 2023

Bracewell LLP on

We review the key events of 2022 in Nigeria’s energy sector – a year that saw significant steps in the implementation of PIA, intermittent M&A activity and the continuing effects of crude theft. We also consider what we can...more

Houston Harbaugh, P.C.

Pennsylvania Superior Court Rules that Royalty Clause Referencing Both ‘Gross Proceeds’ and ‘At the Well’ Was Ambiguous

Houston Harbaugh, P.C. on

Let’s assume that you own 125 acres in Tioga County. In 2017, you negotiate a new oil and gas lease with XYZ Drilling. During the negotiations, you insist on a “gross royalty” which prohibits the deduction of...more

K&L Gates LLP

Certified Question: Will West Virginia Take Another Bite At the Tawney Apple?

K&L Gates LLP on

Post-production deductions are a hot topic in the Appalachian Basin. If you practice or operate in West Virginia, you know that the last 20 years have seen West Virginia forge its own path and deviate from the majority of...more

Stinson LLP

North Dakota Supreme Court ruling address the century-old, standard-form oil royalty provision

Stinson LLP on

In a decision involving five separate oil royalty class actions, the North Dakota Supreme Court issued a ruling interpreting the century-old, standard-form oil royalty provision, and holding that it established a valuation...more

Gray Reed

Is the Allocation Well Debate About to Boil Over?

Gray Reed on

Issues surrounding the legality of allocation wells in Texas have been percolating for some time, and lately we’ve heard of potential litigation. ...more

Gray Reed

An Oil and Gas Case to Expect From Louisiana, and Another From Texas

Gray Reed on

Anyone seeking stability in the law governing E&P activities in Louisiana will view the lower court decision as a grave error that must be corrected. Virtually every mortgage provides safeguards to protect collateral and...more

Latham & Watkins LLP

DOI Identifies Burdens to Energy Development on US Tribal Land

Latham & Watkins LLP on

Stakeholders interested in energy development on US tribal lands will welcome recent Department of Interior (DOI) efforts that identify a key burden to energy development on these lands — as well as the Bureau of Indian...more

Gray Reed

A New Day for Louisiana Oil and Gas Lenders?

Gray Reed on

Lenders to Louisiana operators are likely to be reconsidering their business practices in light of Gloria’s Ranch v. Tauren et al. A rather ordinary lease termination suit resulted in the lender Wells Fargo being...more

Gray Reed

Does Texas Have a New “Rule” in Conveyancing?

Gray Reed on

Subject-to, reservations-from, and exceptions-to problems have been lurking in the shadows of Texas jurisprudence for a while now, and the courts have been all over the map in recent holdings....more

King & Spalding

Mineral and Royalty Interest MLPs: An Alternative Exit For PE-Backed Mineral and Royalty Interest Cos.

King & Spalding on

Oil and gas exploration companies no longer have to go door-to-door, or ranch-to-ranch, to negotiate oil and gas leases with individual mineral interest owners. Over the last decade or more, pure-play mineral and royalty...more

Holland & Knight LLP

SEC Rules for Resource Extraction Issuers Could Lead to Increased FCPA Scrutiny, Disclosures

Holland & Knight LLP on

New rules issued by the U.S. Securities and Exchange Commission (SEC) that require resource extraction issuers to disclose payments made to U.S. and foreign governments for the commercial development of oil, natural gas or...more

Gray Reed

Title Suit Booted for Failure to Join Parties

Gray Reed on

Longoria v. ExxonMobil is like throwing a big party but failing to invite all the right guests. The Longorias – 59 of them – sued producer-defendants over ownership of 9,200 acres in Brooks County, Texas, acquired in the...more

Gray Reed

Another Chesapeake Post-Production Deduction Case

Gray Reed on

The result was like others we’ve seen. Lessors Win. These wells are in Johnson and Tarrant County, Texas. Lessee Chesapeake Exploration sells to affiliate Chesapeake Marketing through affiliate-operator Chesapeake Operating....more

Gray Reed

How to Manage Credit and Collect Unpaid Bills in Today’s Oil Patch

Gray Reed on

Everybody from the well site to the board room has an opinion about when oil prices will “rebound”. Rather than an opinion, we have a question: How do I collect my money while we’re waiting? This post is a refresher for...more

BakerHostetler

The Federal Government Continues to Prosecute Royalty Underpayment Claims Under the False Claims Act

BakerHostetler on

Earlier this month, John Walsh, U.S. Attorney for the District of Colorado, announced that upwards of $66,000 had been recovered from Slawson Exploration Company (Slawson) in a settlement for alleged violations under the...more

Sterne, Kessler, Goldstein & Fox P.L.L.C.

Energy Management Patent Triggers a Covered Business Method Review

Faced with a patent threat, renewable energy and climate change companies may have a new defense option – a Covered Business Method (CBM) proceeding. Ushered in less than 2 years ago as part of comprehensive patent reform...more

Gray Reed

Faulty Property Description Haunts Louisiana Servitude

Gray Reed on

Halloween is approaching, so let’s talk poltergeists – troublesome spirits that haunt a specific location. Where do they come from? In Quality Environmental Processes, Inc. v I.P. Petroleum Company, Inc., it was from a faulty...more

BakerHostetler

New Mexico Supreme Court Undermines Validity Of Standard Royalty Agreements

BakerHostetler on

On September 15, 2014, the New Mexico Supreme Court entered a decision in First Baptist Church of Roswell v. Yates Petroleum Corp., a case that could call into question the validity of royalty agreements and division orders...more

Latham & Watkins LLP

A Focus on Energy: Royalty Trusts

Latham & Watkins LLP on

Latham & Watkins partner Jeff Muñoz explains Royalty Trusts....more

Gray Reed

A Cost-Free Royalty Clause That Works – Part Two: The Override

Gray Reed on

Welcome to part two of the hair-splitting decision in Chesapeake Exploration, L.L.C. v. Hyder. See our prior post about the basic facts....more

Gray Reed

A Cost-Free Royalty Clause That Works – Part One

Gray Reed on

Chesapeake Exploration, L.L.C. v. Hyder is another hair-splitting Texas decision about “cost-free royalties”. ...more

27 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide