Lawsuits against Chesapeake Exploration for wrongfully deducting post-production costs from its gas royalty payments are hitting a boiling-point. Suits are being pursued against the company in every jurisdiction where it operates, including Texas, Arkansas, Lousiana, Kansas, Ohio, West Virginia, Oklahoma and Pennsylvania. Chesapeake has recently been much more aggressive in…
WoodMackenzie has recently come out with its 2013 ranking of the world’s twenty largest oil companies, and their change in production over the last ten years: (BOE is barrels of oil equivalent.) As you can see, most are state-owned companies. Russia re-acquired its privately-owned companies. Saudi Arabia has increased its…
A group of environmentally conscious social and investor organizations has produced a report, Disclosing the Facts: Transparency and Risk in Hydrualic Fracturing Operations. The report grades companies on how well they report risks attendant to operations in the major US shale plays. The report is a collaboration of four organizations:…
I have recently seen articles predicting the end of the shale boom, coming not only from those who have consistently predicted that shale production would never amount to anything, but also from respected sources whose predictions have previously proven accurate. A recent Houston Chronicle article quotes from a paper written…
For those following the Klotzman allocation well dispute, here are links to the replies of EOG and intervenors to the Klotzmans’ motion for rehearing at the Railroad Commission: 2013-10-24_Reply to Motion for Rehearing docx.pdf 2013-10-24 Intervenors Reply to Mtn Rehrg-filed.pdf
I recently came across a study just published by a group of sociology professors testing our ability to make decisions based on facts. It takes a little explanation, but it is worth looking at. The question they asked: Why does public conflict over societal risks persist in the face of compellng…
For those of you following the Klotzman proceeding at the Texas Railroad Commission, you can read the Klotzman Motion for rehearing here. #02-0278952 Klotzman Motion for Rehearing.PDF
Texans for Public Justice, www.tpj.org, issued its report on 2012 Election Cycle Spending by Texas political action committees. You can see it here. Some highlights: Of the $70 million spent by Texas business PACs in 2011-12, $11.9 million, or 9%, was spent by PACs devoted to energy and natural resources…
Last week I attended the State Bar Annual Advanced Oil, Gas and Energy Law Conference in Houston. This year is the 75th anniversary of the Oil, Gas and Energy Section of the Texas Bar (older than the State Bar itself), and there was a special dinner to honor the occasion,…
A report recently released by the University of Texas’ Cockrell School of Engineering, “Measurements of methane emissions at natural gas production sites in the United States,” has re-energized the debate between industry and environmental groups over whether natural gas is good for the environment. UT’s report is a peer-reviewed paper…