I recently ran across this very good article on the tax treatment of payments received for granting of pipeline easements: http://www.aicpa.org/Publications/TaxAdviser/2014/march/Pages/Kebodeaux_mar2014.aspx
Oil and Gas Lawyer Blog
National Geographic – The Great Energy Challenge
National Geographic has started a website called The Great Energy Challenge that provides a wealth of information about energy and the environment. “The Great Energy Challenge convenes and engages influential citizens and key energy stakeholders in solutions-based thinking and dialogue about our shared energy future.” Multiple articles from distinguished scientists provide…
Good News Source for Eagle Ford Shale
The San Antonio Business Journal has a good website aggregating news about the Eagle Ford Shale: http://www.bizjournals.com/sanantonio/blog/eagle-ford-shale-insight/
EOG Sued For Drilling Allocation Wells
I recently have learned of a suit brought by landowners against EOG Resources involving “allocation wells,” of which I have written before. The case is Spartan Texas Six Capital Partners, Ltd., Spartan Texas Six-Celina, Ltd., and Dion Menser v. EOG Resources, Inc., Cause No. 2011-27476, in the 11th Judicial District…
Chesapeake v. Hyder – Royalty Owner Wins Gas Royalty Dispute
Last week, the Fourth Court of Appeals in San Antonio issued its opinion in Chesapeake v. Hyder.pdf, on gas royalties owed to the Hyder family for production in Johnson and Tarrant Counties, in the Barnett Shale. The court upheld a judgment against Chesapeake for more than a million dollars, including…
Ceres Report on Stresses on Groundwater Caused by Fracing
Ceres, a nonprofit focusing on climate change, water scarcity and sustainability, has issued a report, Hydraulic Fracturing & Water Stress: Water Demand by the Numbers, a Shareholder, Lender & Operator Guide to Water Sourcing. Here are some excerpts: ________________________________________________________________________________ ________________________________________________________________________________________ ______________________________________________________________________________________ ________________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________________ ____________________________________________________________________________________
Environmental Effects of the Oil Boom
As drilling activity in the onshore US continues to grow, more and more attention is being paid to the environmental effects of exploration and production. Media stories abound about groundwater contamination, the demand for fresh water from hydraulic fracturing, increased air emissions from exploration and production, controversy over pipeline condemnation…
Carrizo Springs Makes the LA Times
The Eagle Ford in South Texas is big news, even in California. http://www.latimes.com/nation/la-na-texas-oil-boom-20140216,0,7621618.story#axzz2tdDZOvWY
The Durability of the Internal Combustion Engine
In the later chapters of The Quest, Daniel Yergin summarizes the history of the internal combustion engine. He begins by recounting a meeting of Henry Ford and Thomas Edison at a convention in August 1896, at which they sat together. Ford had just built his first gasoline-powered “quadricycle.” He sketched out his…
Julia Crawford Continues Fight Against Keystone XL Pipeline
Julia Trigg-Crawford, a landowner in Lamar County, has asked the Texas Supreme Court to hear her case arguing that TransCanada has no right to condemn her property for the Keystone XL Pipeline. The Crawford Family Farm Partnership v. TransCanada Keystone Pipeline, L.P., No. 13-0866. Although other segments of the pipeline…