Oil & Gas Industry Welcomes New Era of Administrative Law https://lnkd.in/gSbd4_wE
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Energy producers unfairly burdened by over-reaching and ever-changing federal oil and gas royalty obligations are particularly likely to benefit from these changes.
Oil & Gas Industry Welcomes New Era of Administrative Law https://lnkd.in/gSbd4_wE
Oil & Gas Industry Welcomes New Era of Administrative Law
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In-Depth: Oil and Gas Law, edition 11, edited by Michael Burns from Ashurst, is now available on https://lnkd.in/eB5T8nhy In-Depth: Oil and Gas Law (formerly The Oil and Gas Law Review) is a practical overview of the legal and regulatory regimes governing the oil and gas industry in key jurisdictions worldwide. Focusing on recent developments, it is a useful reference point for those navigating major issues such as licensing requirements, tax liabilities, environmental regulations, foreign investment restrictions and much more. #InDepth
Lexology
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There are currently two major works dedicated to UK Oil and Gas Law, one of which is the third edition (2018) two-volume work entitled "UK Oil and Gas Law: Current Practice and Emerging Trends". This University of Edinburgh Press publication is edited by Greg Gordon, John Paterson and Emre Üşenmez. Since the book's inception, I have written the chapter on Third Party Access to Offshore Infrastructure (TPA) and last time around, I co-authored a new chapter on the Wood Review and Maximising Economic Recovery (MER) with Greg and John. For those not from these wind-driven north eastern parts, Greg and John are both Professors of Law at the highly-ranked University of Aberdeen School of Law and are the co-founders of its Centre for Energy Law. Greg is also the current Head of School. Greg and John, together with their new co-editor James Cowie, have kindly asked me to update my TPA chapter and to collaborate on writing a new chapter on MER for the coming fourth edition of "UK Oil and Gas Law: Current Practice and Emerging Trends". There is quite a lot new in TPA since 2017, but the new developments in my view can fit into the structure of the previous chapter. With the co-authored chapter, on the other hand, the change since 2017 has been massive including the injection of Net Zero into MER via the 2021 amendment to the MER strategy and the huge volume of guidance on regulatory issues from the NSTA (formerly OGA). More than that, the whole basis of the UK oil industry is shifting, perhaps (?) to a place where there will be no more offshore licencing rounds. Be that as it may, in uncertain times, but barring unexpected events, the UKCS will continue to be an important provider of UK energy supplies for decades to come and hopefully numerous new petroleum developments lie ahead of us along with an expanding decommissioning industry. Will future governments create tax and regulatory systems to facilitate this benevolent scenario or will they throttle the industry through counterproductive levies and excessive environmental regulation? In studying for and writing the new TPA and MER chapters, I am looking forward to develop a new holistic view of UKCS regulatory realities and doctrine. vasspetro.com #MER #netzero #thirdpartyaccesstoinfrastructure
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🌐⚖️ Navigating the evolving legal landscape is crucial for the oil & gas industry. Our latest blog delves into how these changes could reshape regulatory compliance, enforcement, and strategic planning. #ChevronDoctrine #EnvironmentalRegulation #EnvironmentalCompliance #TalonLPE
Navigating the evolving legal landscape. The Impact of potential Chevron Doctrine revisions on the Oil & Gas Industry
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Practical Tips for Gas and Oil Operators in Oklahoma This follows our previous post on the Kuntz Conference and the insights shared by MRJ Law founder, Myrenda R. Jones, particularly on the Lease Expiration and the Cessation of Production Clause (Tres C, LLC Raker Resources). As can be recalled, the case involved a dispute over whether an oil and gas lease had expired due to a cessation of production. The lease contained a cessation of production clause that provided that the lease would expire if production ceased for more than 90 days. However, the Oklahoma Supreme Court held that the trial court had erred in applying a strict 90-day accounting period to determine a cessation of production. Instead, the Supreme Court held that the proper accounting period is a reasonable time under the circumstances. MRJ Law is committed to unpacking complex legal matters as an aid for our audience to approach legal challenges with confidence. Here are practical tips for oil and gas operators in Oklahoma in the light of Tres C ruling. Click on this link to access related topic from MRJ Law: https://bit.ly/3RsvUVt Sources: • Tres C LLC v Raker Resources, LLC, 2023 OK 13 (Okla. Sup. Ct. 2023) • Oklahoma Supreme Court decision in Tres C LLC v Raker Resources, LLC • Law of Contracts in Oklahoma • Kuntz Conference 2023 Presentation on Tres C Ruling ----- This social media content is not intended as formal legal advice rather this is for informational purposes only. Engaging through this medium does not establish an attorney-client relationship. Individuals seeking legal guidance should contact our law office for personalized assistance. #oklahomacity #oklahoma #oilandgas #oilandgasindustry #oilandgassector #oilandgasservices #litigationattorney #civillitigation #businesslaw #generalcounsel #landowners #attorneyatlaw #oklahomaenergy #legalservices #legalinsights #leaseagreement #estateadministration
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🔍 𝟱 𝗟𝗲𝗴𝗮𝗹 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗢𝗶𝗹 𝗮𝗻𝗱 𝗚𝗮𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 🔍 The oil and gas sector is a highly dynamic and complex field, influenced by significant environmental, economic, and geopolitical factors. With the industry constantly evolving due to technological advances and regulatory changes, companies must adopt proactive legal strategies to stay compliant and ensure sustainable growth. In our latest insight, we address five key legal concerns in the industry. Read the full article to find out more and contact us if you have any further questions. 🌍 𝗢𝘂𝗿 𝗶𝗻𝘀𝗶𝗴𝗵𝘁 𝗶𝘀 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗶𝗻 𝗼𝘁𝗵𝗲𝗿 𝗹𝗮𝗻𝗴𝘂𝗮𝗴𝗲𝘀 🌍 DE: https://lnkd.in/d5P2pDS8 FR: https://lnkd.in/dD99q6br RU: https://lnkd.in/dGJ6x2KD #OilAndGas #LegalChallenges #RegulatoryCompliance #JointVentures #EnvironmentalLaw #TradePolicies #SanctionsImpact #LegalGuidance #LINDEMANNLAW
5 Key Legal Challenges in the Oil and Gas Industry
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Court bars the Environmental Expert Witness' Opinions Pertaining to the "Correct" Interpretation of the Contract Plaintiffs Box Elder Kids, LLC filed a class action lawsuit against Defendants Anadarko Petroleum Corporation, Anadarko E & P Onshore, LLC, and other associated entities alleging a breach of Surface Owner Agreements (SOAs). These agreements obligated Anadarko, as successor to Union Pacific Land Resources Company, to pay a percentage of the value from oil, gas, and other hydrocarbons extracted from lands in Colorado, Wyoming, and Utah, which were previously owned by Union Pacific, to the Plaintiffs. This breach of contract dispute centers around the meaning of ambiguous terms in Section 2 of the parties' SOAs. The Court considered Plaintiffs' motion to generally disqualify Defendants' expert witness, Jamie Jost, and to prevent her from testifying as to various opinions contained her report. Jost stated that Section 2 of the SOAs obligates Anadarko to pay Plaintiffs 2.5% of the value of the oil and gas produced from, or allocated to pursuant to a unitization agreement, the surface owner's described premises subject to the SOA. The Court did not fully exclude Jamie Jost's opinions regarding the ambiguous provisions of Section 2, but it did exclude those opinions that amount to contract interpretation. #EnvironmentalExpertWitness #expertwitness #ContractInterpretation #SurfaceOwnerAgreement #BreachOfContract https://lnkd.in/gXbXcAxp
Certain Opinions of Environmental Expert Witness Excluded Because They Amount to Contract Interpretation
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The Complexities of Navigating Oil & Gas Operations The oil and gas industry operates in a highly complex and ever-evolving environment. With fluctuating markets, intricate regulatory requirements, and multi-party agreements, companies in this sector face significant legal and operational challenges at every turn. ⚖⛽ Here are a few of the key complexities that oil & gas companies regularly encounter: ⚖️ Regulatory Compliance: Navigating the maze of federal, state, and local regulations—ranging from environmental protections to land use and mineral rights—requires deep legal insight to ensure compliance and avoid costly fines or shutdowns. ⚖️ Contract Negotiations: Oil and gas deals often involve multiple stakeholders, lengthy contracts, and high stakes. Ensuring that contracts are structured to protect your interests while maintaining flexibility is crucial to long-term success. ⚖️ Due Diligence: Before finalizing any transaction, thorough due diligence is essential. This involves customized checklists for identifying key assets, reviewing contracts, and assessing the people involved in the transaction. By digging into the details early, you can avoid costly surprises and protect your investments. ⚖️ Dispute Resolution: From lease disputes to conflicts with partners or regulators, the industry is no stranger to legal disputes. Having a strategy in place to manage and resolve disputes quickly can save both time and money. ⚖️ Environmental Regulations: With the growing focus on sustainability and environmental protections, oil and gas companies must adapt to stricter laws and standards. A proactive approach to legal compliance can help mitigate environmental risks and protect your company’s reputation. ⚖️ Asset Protection and Transactions: Whether acquiring new assets, selling off old ones, or structuring joint ventures, each transaction must be carefully vetted to minimize risk and maximize returns. Legal support ensures that every aspect of the deal is aligned with your long-term business strategy. While the opportunities in oil and gas are vast, so are the risks. That’s why having experienced legal counsel can be a game-changer. From conducting detailed due diligence to negotiating contracts and ensuring compliance, legal expertise helps companies stay competitive, compliant, and ready for whatever comes next. Is your business prepared for the complexities of the oil and gas industry? #OilAndGas #EnergyLaw #RegulatoryCompliance #DueDiligence #ContractNegotiation #BusinessGrowth #LegalSupport
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What is the legal tincture of oil contracts? Jurisprudence did not agree on a unified character for this contract. Some of them consider it to be a private or public law contract, or an international contract. While others considered it a contract independent of any legal system. But in fact, there is no specific legal description of the oil contract. It may have more than one legal tincture depending on the circumstances that accompany its conclusion. #oilandgas #legaltincture
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Legal Compliance in the Oil and Gas Sector: An Overview TGM Amiwero Esq. Tuesday, the 20th day of June, 2024 Ensuring legal compliance in the oil and gas sector requires navigating a complex array of local and international regulations. This overview outlines key legal frameworks and authorities relevant to the industry, focusing on Nigerian and global perspectives. Local Legal Framework (Nigeria): In Nigeria, the Petroleum Industry Act (PIA) 2021 is the cornerstone of oil and gas regulation, streamlining governance to improve transparency and efficiency. The Act established the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which oversee different industry segments. The Nigerian Oil and Gas Industry Content Development Act (NOGICD Act) 2010 promotes local content in the sector, mandating Nigerian participation and benefits from oil and gas operations. Environmental compliance is also critical, governed by the Environmental Impact Assessment (EIA) Act and enforced by the National Environmental Standards and Regulations Enforcement Agency (NESREA). International Legal Framework: Globally, the sector is regulated by several international treaties and conventions that promote environmental sustainability and safety. The United Nations Convention on the Law of the Sea (UNCLOS) delineates national rights and responsibilities over marine resources. The International Maritime Organization (IMO) sets standards through conventions like MARPOL 73/78, which addresses marine pollution, and the International Convention on Oil Pollution Preparedness, Response, and Cooperation (OPRC). Adhering to these frameworks helps companies mitigate legal risks, enhance their reputation, and align with global sustainability goals. Effective legal compliance ensures operational efficiency and facilitates international collaborations and investments. Disclaimer: This overview is for informational purposes only and does not constitute legal advice. For specific legal counsel, please consult a qualified attorney. © 2024 TGM Amiwero Esq. By adhering to these local and international laws, stakeholders in the oil and gas industry can effectively navigate the complex regulatory landscape, ensuring compliance and promoting sustainability in their operations. #oilandgas #regulation #pia #legalframework
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