News & Analysis as of September 24, 2024

Shale Gas

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Fracking is a non-technical term for Hydraulic Fracturing. Fracking or Hydraulic Fracturing is a method for retrieving, otherwise inaccessible, natural gas and petroleum by injecting pressurized fluid and chemicals into underground rock causing fissures. The fissures widen and expand allowing petroleum and gas to escape and flow to areas where it can be retrieved. less -

First AIPN Model Contract for Unconventional Resource Operations

King & Spalding on 11/6/2014

Concluding two years of work by a drafting committee comprised of more than 160 industry representatives from 26 countries spread across five continents, the Association of International Petroleum Negotiators (AIPN) on 25...more

South Africa Seeks Safety and Clarity with New Shale Gas Regulations

Akin Gump Strauss Hauer & Feld LLP on 10/30/2013

A sluggish economy, a desire to cut back on the use of coal-powered electricity, and a worldwide focus on new oil and gas recovery techniques have pushed the South African government to take steps toward diversifying its...more

TRANSACTIONAL: Corporate / London: The UK Government unveils proposals for tax breaks for shale gas extraction

King & Spalding on 8/7/2013

In May we reported that the UK government, in its 2013 Budget, had announced a package of measures designed to encourage investment in the UK's shale gas industry. On 19 July the government honored its pledge to publish an...more

Illinois Set to Regulate Shale Oil and Gas

McDermott Will & Emery on 7/24/2013

On June 17, 2013, Illinois P.A. 98-0022 (the Act), consisting of the Hydraulic Fracturing Regulatory Act (225 ILCS 732/1-1 et seq. (2013)) (HFRA) and the Illinois Hydraulic Fracturing Tax Act (35 ILCS 450/2-5 et seq. (2013))...more

Colorado Ruling Raises Stakes in Fracking Litigation and Beyond

Dechert LLP on 7/12/2013

In an Independence Day gift to plaintiffs, the Colorado Court of Appeals ruled in Strudley v. Antero Resources Corp., No. 12CA1251 (July 3, 2013), that Colorado law does not allow pre-discovery Lone Pine orders, often used by...more

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