Hot Energy Trends in 2014 by Polsinelli
Energy Reform goes far beyond expectations. The 75-year monopoly by state-owned PEMEX ends, and a competitive wholesale power market is created.
On December 12, 2013, the lower house of the Mexican Congress approved...more
In the old days, operators had to find flat ground in order to drill vertically in the hopes of finding a pocket of trapped oil or natural gas, as well as constructing infrastructure in the form of a well on that location,...more
Last week the Mexican Congress approved legislation including Constitutional amendments that were approved by the required number of Mexican states on December 16 that will bring changes to the nation’s energy laws that...more
The North Dakota Supreme Court recently issued its second opinion in Van Sickle v. Hallmark & Associates, a case that has tested the boundaries of a mineral interest holder’s right to royalties when well operators go...more
On December 10, the DOJ announced that a German engineering and services company agreed to resolve charges that it violated the FCPA by bribing government officials of the Federal Republic of Nigeria to obtain and retain...more
It was a triumph of hysteria over common sense, a thrashing of science at the hand of ignorance, capitulation to a small but loud minority of NIMBY protestors. The City of Dallas has passed one of the strictest drilling...more
If you furnish labor or materials to an oil or gas well and are not paid, then you should consider filing a mineral lien. Below are the steps to perfect a mineral lien....more
On December 12, 2013, Mexico’s lower chamber of Congress approved the country’s largest energy reform legislation in more than 75 years. The proposal ends Mexico’s state-owned monopoly of the oil and gas...more
As we previously reported, on August 12, 2013, Mexican President Enrique Peña Nieto submitted a highly anticipated constitutional reform proposal to the Mexican Congress for purposes of restructuring the Mexican energy...more
The Denver-Julesburg (DJ) Basin, which covers northeastern Colorado and parts of Wyoming, Nebraska, and Kansas, is expected to continue as a booming oil and gas play into 2014 and beyond. In 2012, increased drilling in the...more
The London Stock Exchange (the “LSE”) has long provided an attractive forum for companies with oil and gas operations outside of the United Kingdom to seek and obtain access to foreign capital markets...more
The year 2013 is now officially the year with the most active IPO market in the United States since 2000. There have been 218 IPOs to date in 2013. The year 2000 (over 350 IPOs) was the last year of a 10 year boom in US IPOs...more
On December 11, 2013, the DOC proposed an emergency rulemaking to implement interim provisions of SB 4. Public Resources Code section 3161, part of SB 4, provides for an interim grace period from the permitting requirement...more
A constitutional reform approved by Mexico's Senate and House of Representatives will transform the country's energy sector, pending expected approval by the majority of state congresses.
Mexican Senate presents comprehensive Energy Reform Bill to the House of Representatives with tremendous potential for domestic and foreign energy companies.
In an encouraging move toward energy reform, the Mexican...more
1. What are the driving factors for increasing renewable energy production in India?
India’s power generation sector has been dominated by conventional energy. As per data released by the Central Electricity Authority...more
The Mexican Senate has introduced a constitutional amendment that, if approved, would open the country’s oil market to foreign and private investors. Currently, oil production is controlled exclusively by the state-owned...more
Yesterday, Mexican Senate approved the Energy Reform over oil and electricity. Originally, the Bill presented by President Peña Nieto provided for a conservative opening of the market, as he had not enough support to pass it....more
The Third Circuit recently clarified the home state and local controversy exceptions to the Class Action Fairness Act (CAFA), remanding proceedings in a case involving Marcellus Shale oil and gas leases to a Pennsylvania...more
On November 26, the DOJ announced that Weatherford International—a multinational oil services company—and certain of its subsidiaries agreed to pay approximately $250 million in fines and penalties to resolve FCPA, sanctions,...more
Scoundrels often get away with their crimes by scamming lots of victims for small amounts, so that no one investor can afford to prosecute his claim. Big Rock Investors Association v. Big Rock Petroleum, Inc. was an...more
Brazil is currently maintaining one of the least carbon-intensive economies in the world supported by a range of climate change regulations. Yet, as this month’s International Energy Agency (IEA) World Energy Outlook Report...more
Reserve based lending (RBL) is a type of financing where a loan is secured by the undeveloped reserves of oil and gas of a borrower. The facility is repaid using the proceeds that derive from sales in the field or portfolio...more
This week, the New York Supreme Court, Appellate Division, Third Department (“Third Department” or “Court”), issued a memorandum decision in the case of Thrun v. Cuomo, dismissing a legal challenge to New York’s involvement...more
On December 3, 2013, the Colorado Oil and Gas Association (“COGA”) filed suits challenging citizen-passed initiatives that ban oil and gas activities in the cities of Fort Collins and Lafayette. The ordinance passed by the...more