Since passage by Congress of the Inflation Reduction Act (IRA) in 2022, significant activities and developments have taken place in Texas regarding carbon capture and underground storage (CCUS) projects. The IRA provides tax credits for injection and underground storage of carbon dioxide. As a result, major companies have begun developing…
Governor Abbot has signed House Bill 456, passed by the Legislature, granting certain charities an exemption from ad valorem taxes on their oil and gas royalties, effective January 1, 2024. The bill amends Tax Code Section 11.18(a), which provides ad valorem tax exemptions for charitable organizations, including churches and educational…
Today the Texas Supreme Court agreed to hear Ammonite Oil & Gas Corp. v. Railroad Commission of Texas and EOG Resources, an appeal from the Commission’s denial of sixteen applications by Ammonite under the Mineral Interest Pooling Act. I wrote about this case when it was decided against Ammonite by…
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Excerpts from Dr. Scott Tinker’s AEIN – Alfred J. Boulos lecture: “Energy security underpins economic security, which in turns lets you invest in the environment and obtain climate security. If you start by focusing on low emissions, you will not get energy that is affordable or reliable. You need to…
Below is an article from Dr. Tinker, written in advance of his upcoming lecture at the International Energy Summit on June 1, used with permission. When it comes to managing Energy, optionality is vital Dr. Scott Tinker, Director, Bureau of Economic Geology, The University of Texas at Austin, talks…
Thomas C. Turner, Jr. has written a great brief summary of oil and gas law in New Mexico. A great resource for anyone who owns minerals in New Mexico. You can buy it on Amazon.
EP Energy E&P Co., L.P. v. Storey Minerals, Ltd., 2022 SL 223253 (Tex.App.-San Antonio 2022, pet. denied) The Texas Supreme Court recently refused to review the opinion of the San Antonio Court of Appeals in this case, involving construction of a favored nations clause in an oil and gas lease.…
This report from the Environmental Integrity Project, an organization of former EPA enforcement attorneys, provides a detailed account of the Texas Commission on Environmental Quality’s failure to enforce its rules against repeated failures by the production, midstream and refining industry to limit harmful emissions. From the report: In Texas, a…
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