News & Analysis as of

Oil & Gas Revenue

Newburn Law

Acreage Dedications in Midstream Contracts

Newburn Law on

Acreage dedications are a fundamental component of midstream oil and gas agreements, playing a crucial role in facilitating the transportation of hydrocarbons from production sites to market. These dedications involve the...more

Gray Reed

JOA Cross-Netting Question Almost Answered

Gray Reed on

One of the questions raised in 1776 Energy Partners, LLC v. Marathon Oil EF, LLC was whether Marathon as operator could apply revenues owed to non-operator 1776 under one joint operating agreement to satisfy unpaid debts owed...more

Bennett Jones LLP

Accounting for Oil and Gas Revenues Without an Operating Agreement

Bennett Jones LLP on

In IFP Technologies (Canada) Inc v EnCana Midstream and Marketing, 2022 ABKB 807, the Court considered for the first time how to perform an accounting of profits from an oil and gas working interest between tenants in common...more

Gray Reed

Exxon’s Attempt to Create New Sale/Lease Tax Law Fails

Gray Reed on

The principal contention in the tax refund case of Exxon v. United States was whether certain mineral related transactions between Exxon and the countries of Qatar and Malaysia were sales or leases.  Originally Exxon treated...more

Gray Reed

Lessons from an Operating Agreement Dispute

Gray Reed on

Jatex Oil & Gas, L.P. v. Nadel & Gussman Permian, L.L.C. presents several teachable moments: The Texas Property Owner Rule does not allow a non-expert testify on matters requiring expert testimony....more

Robins Kaplan LLP

Financial Daily Dose 11.05.2019 | Top Story: Uber Posts Billion-dollar Q3 Losses But Improved Revenue

Robins Kaplan LLP on

Uber reported another quarter of billion+ dollar losses, but as so many things on Wall Street & Silicon Valley tend to go, the news wasn’t all bad because those numbers were far better than the $5.2 billion it lost in Q2....more

Hogan Lovells

Gas snippets

Hogan Lovells on

Mozambique plans sovereign wealth fund to manage gas revenue - Mozambique’s government plans to establish a sovereign wealth fund to manage income from future gas production, President Filipe Nyusi said....more

Gray Reed

Farmout Agreement Worked Over By The Court

Gray Reed on

What could go wrong when the well recovers two times its costs in nine months? Plenty, as we see in Dimock v. Sutherland Energy....more

Gray Reed

Meanwhile in Texas … Who Should Decide About Fracking?

Gray Reed on

Rep. Phil King has introduced two bills relating to fracking. House Bill 539 would add requirements for municipalities that propose petitions or ordinances that will affect oil and natural gas production. The Bill would...more

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