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Oil and Gas Lawyer Blog

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Bloomberg Estimates of Breakeven Prices in Shale Plays

Bloomberg’s estimates of the oil price necessary to recover drilling, completion and operating costs in various shale plays (click to enlarge): The winners: DeWitt County in the Eagle Ford Shale, $23/bbl, the Wolfcamp in Reeves County, $24/bbl, and the Bone Spring in Ward County, $25/bbl. Except for DeWitt County, all…

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Republican RRC Candidates Forum at Texas Tribune

Republican candidates for the open seat on the Texas Railroad Commission were interviewed by Evan Smith of the Texas Tribune in an open forum yesterday. They were asked about global warming, earthquakes, the EPA, House Bill 40 and municipal regulation of drilling, Sunset Commission review of the Commission in the…

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Texas Supreme Court Denies Motion for Rehearing in Chesapeake v. Hyder

Last week the Texas Supreme Court denied Chesapeake’s motion for rehearing in Chesapeake v. Hyder. The court originally affirmed the lower courts’ opinions in favor of the Hyders, with four justices dissenting. On rehearing, the court’s alignment did not change, but Justice Hecht issued a new opinion for the majority,…

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Classification of Wells Becomes a Political Issue

An article by Jim Malewitz in The Texas Tribune, “As Oil Prices Plunge, Questions about Big Tax Credit,” sheds light on an arcane and technical issue not well understood even by most oil and gas lawyers – classification of wells as “oil wells” or “gas wells” by the Texas Railroad…

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Property Tax Rollbacks from Oil and Gas Operations

The Texas Land & Mineral Owners Association Newsletter recently published an article disclosing that the Zavala County Appraisal District has denied agricultural-use special appraisal value for land used for oil-pad sites and frac ponds. One owner who challenged the re-appraisal got the District to agree that, if a well pad…

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