Our firm hosted its 4th land and mineral owner seminar last Friday, and I spoke on deductability of post-production costs from lease royalties in light of the Texas Supreme Court’s decision last year in Chesapeake v. Hyder. My paper on post-production costs may be viewed here: Post-Production Costs after Hyder
A report from Texans for Public Justice, Public Citizen and the Sierra Club Lone Star Chapter details the contributions made by the oil and gas industry to Texas legislatures’ campaign funds. You can find the report, Running on Hydrocarbons: Oil and Gas Funding to Every Texas Lawmaker, here: http://www.tpj.org/ No…
Here’s another great graph explaining US Energy production and consumption, from the Energy Information Administration. It’s called an Energy Flow Diagram. Numbers are in quadrillion BTU’s. Click on image to enlarge: Consider: We still import 21.72 QBTU of petroleum, about 22% of our total consumption – about what we consume…
Information about the seminar can be found here: http://www.gdhmoilandgas.com/.
Last December, the Eastland Court of Appeals issued its opinion in Crystal River Oil & Gas, LLC v. Patton, No. 11-15-00217-CV. Crystal River owned and operated wells on an oil and gas lease in Stonewall County. The oil wells on the lease produced twenty barrels of salt water for every…
Friday was the anniversary of Black Sunday, in 1935, the worst dust storm in the Dust Bowl days of the Texas Panhandle. The photo below is of Pampa, Texas on that day. My parents were married in 1929, after their high school graduation. They farmed outside Friona, Texas, in the…
Click on image to enlarge.
For a few hours on March 11, for the first time, more than half the electric power used in California came from solar power, according to the US Energy Information Administration. The wholesale price for electricity went negative. In other words, power generators had to pay wholesalers to take their…
In March 2016, a jury awarded two families $4.2 million against Cabot Oil & Gas for contaminating their drinking water. On Friday, the judge set aside the verdict and said the case will have to be retried. The judge wrote that (T)he weaknesses in the plaintiffs’ case and proof, coupled…
I have said before that I love graphs, and the Energy Information Administration has nifty interactive graphs of energy production and consumption. Here is one (click on image to enlarge): You can revise the graphs to cover any time period. For example: Here’s another interesting one: All the graphs and…