News & Analysis as of

Oil & Gas Energy Sector Crude Oil

Oliva Gibbs LLP

Increased Efficiencies in the Permian Basin Contribute to National Growth

Oliva Gibbs LLP on

In April of 2024, the Railroad Commission of Texas (“RRC”) posted a year-end review of production for the year of 2023. According to the RRC, Texas oil and gas production reached record highs in the year of 2023....more

White & Case LLP

Modification of the guidelines regulating the issuance of import and/or export Permits for hydrocarbons and petroleum products

White & Case LLP on

On September 18th, the "Agreement Amending the One that Establishes the Goods Whose Import and Export are Subject to Regulation by the Ministry of Energy" (the "Agreement") was published in the Official Gazette of the...more

Newburn Law

The Death of the Acreage Dedication?

Newburn Law on

Acreage dedications in midstream oil and gas contracts have been subject to considerable scrutiny and legal debate in recent years. This article provides an overview of the current state of acreage dedications, examining key...more

Bracewell LLP

Expert Determination in the Energy Sector – When Will the Courts Intervene?

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It is not uncommon for parties to agree that certain disputes should be referred to an expert for determination. However, when those disputes arise, the parties may disagree about the scope of the exercise to be carried out...more

Opportune LLP

The Consequences Of Rising Inflation & Crude Oil Prices

Opportune LLP on

Ryan Dusek, Director in the Commodity Risk Advisory Group at Opportune LLP, discusses what the Fed is doing to combat inflation, how inflation is impacting crude oil prices and the broader economy, and more....more

Opportune LLP

The Fed’s Fight Against Inflation: Is WTI Crude Oil Recession Proof?

Opportune LLP on

How quickly things have changed. Just a year ago, the Federal Open Market Committee (FOMC) gave a picturesque view of the economy. Any inflation was transitory and would likely fall to 2% in 2022. The federal funds rate would...more

White & Case LLP

Amendments regarding import and export permits for hydrocarbons and petroleum products

White & Case LLP on

Following our client alert published on November 17, 2020, it is informed that the Resolution that establishes the products whose import and exports is subject to regulation by the Ministry of Energy (the "Resolution") was...more

Steptoe & Johnson PLLC

The May STEO Forecasts Good News on Predicted Pricing, But Concerning Predictions on Production

Steptoe & Johnson PLLC on

The U.S. Energy Information Administration (“EIA”) released its Short-Term Energy Outlook (“STEO”) on May 12, 2020, but noted that it was subject to “heightened levels of uncertainty because the effects on energy markets of...more

King & Spalding

Railroad Commission of Texas (“TRRC”) to Rule on Proposed Proration on May 5, 2020

King & Spalding on

Over a hearing that lasted over 10 hours on April 14, 2020, the TRRC listened as oil and gas industry participants and stakeholders provided their input on a motion by Pioneer Resources USA Inc. and Parsley Energy Inc....more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: April 2020 #3

U.S. Banks Prepare to Seize Energy Assets as Shale Boom Goes Bust - "Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans...more

Opportune LLP

US Oilfield Services Sector Will Be Test Of Survivability, Not Profitability

Opportune LLP on

Oilfield services companies, like many others in the energy industry, are feeling the pain of low oil prices and reduced capital spending by upstream companies brought on by the global COVID-19 pandemic, which is reducing...more

Jackson Walker

Railroad Commission of Texas to Consider Market-Demand Prorationing of Oil Production

Jackson Walker on

On April 14, 2020, the Railroad Commission of Texas (RRC) will conduct an initial public conference to consider the joint application of Pioneer Natural Resources USA, Inc. and Parsley Energy, Inc. for market-demand...more

Akin Gump Strauss Hauer & Feld LLP

OFAC Sanctions Key Rosneft Subsidiary and Executive for Operating in the Oil Sector of Venezuela

- On February 18, 2020, OFAC designated Rosneft Trading, S.A. (Rosneft Trading), a subsidiary of Russia-based Open Joint-Stock Company Rosneft Oil Company (Rosneft Oil Company), and its president, Didier Casimiro, on the SDN...more

Opportune LLP

3 Reasons Why WTI Crude Oil Could Reach $70

Opportune LLP on

The recent events in Iraq – the attacks on a U.S. embassy, a U.S. drone strike that killed an Iranian general and Iran’s missile attack on a U.S. air base in Iraq – has created renewed tension in the Middle East with crude...more

Steptoe & Johnson PLLC

It’s a Wrap: New Outlooks for 2020

Steptoe & Johnson PLLC on

Many of us have the end of the year and the end of the decade on our minds: wrapping up projects, working to close deals and matters, and striving to end the year on as high of a note as we possibly can. It is hard to believe...more

Steptoe & Johnson PLLC

Potential Oversupply and Slower Demand: Will OPEC Extend Production Cuts?

Steptoe & Johnson PLLC on

There is one thing on the mind of many folks involved in the oil and gas industry – the upcoming OPEC meeting in Vienna.  On June 25, 2019, the 176th OPEC meeting will be held....more

Steptoe & Johnson PLLC

Another Oil Glut Feared?

Steptoe & Johnson PLLC on

The headlines are all talking about supply and demand; specifically, oil supply and its impact on the price of oil. As of the posting of this, WTI Crude is sitting at $58.07 per barrel and Brent crude is at $67.85 per barrel,...more

Steptoe & Johnson PLLC

Up a Bit, Down a Bit: The Pricing Rollercoaster

Steptoe & Johnson PLLC on

Watching commodity pricing is a bit like watching a rollercoaster – it goes up one minute, down the next, then up again and down. Today’s oil prices are no different. We started the day up a bit, and this afternoon we are...more

Steptoe & Johnson PLLC

Crude Oil Prices: What Lies Ahead?

Steptoe & Johnson PLLC on

We are constantly trying to predict the future of oil prices – that is just the nature of the beast in this business. So many things begin, and end, with the price of oil for us. Luckily, the U.S. Energy Information...more

Steptoe & Johnson PLLC

What Factors are Influencing Colorado’s Future Role in the U.S. Energy Sector?

It is no secret that Colorado is, and has been in recent years, a hot state in the domestic energy sector. One of the reasons that the state has been a hotbed for development is due to the potential that the state has for...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - January 2019 #3

More, Deeper Wells Planned for Existing Marcellus Site in Washington Township - "CNX has applied to the state Department of Environmental Protection for a permit to drill four new wells to tap natural gas from Utica shale...more

Verrill

Pipeline Appeals Grant of Summary Judgment to South Portland Regarding Its Ban on Marine Loading of Crude Oil

Verrill on

Judge Woodcock of the U.S. District Court in Portland, finding that the South Portland’s Clear Skies Ordinance (the Ordinance) was neither a “preempted pipeline facility safety standard or a discriminatory ordinance enacted...more

Bracewell LLP

International Sanctions and the Energy Sector – Part 2: Russia

Bracewell LLP on

In the first part of this three part series we considered the impact of President Trump’s decision to re-impose sanctions on Iran’s energy sector with effect from 5 November 2018. However, Iran is not unique. Other nations...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - November 2018

New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change - "The litigation, which follows more than three years of investigation, represents the most significant legal effort yet to establish that a...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - October 2018

China's Provinces are Secretly Building Coal Plants in Defiance of the National Government - "CoalSwarm, a global network of researchers tracking fossil-fuel infrastructure, analyzed satellite imagery as of July 2018, and...more

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