Venezuela To Launch Oil-Backed Cryptocurrency

Venezuela To Launch Oil-Backed Cryptocurrency By Miguel Suazo and Chelsea Allen Oil and gas is on a collision course with the world of crypto currencies. Venezuela’s president, Nicolas Maduro, announced in December that the country is poised to launch a new cryptocurrency, dubbed “El Petro,” which is to be backed by Venezuelan oil and gas, diamonds, and gold. Maduro intends …

Wind Energy Fuels Legal Questions

Wind Energy Fuels Legal Questions By Miguel Suazo and Chelsea Allen In recent years, renewables have fostered not only cleaner energy production but also a slew of new legal issues. The wind energy boom and the revenue derived from wind power has created a new set of legal questions affecting property rights. For example, the question of whether there is …

Natural Gas Production Poised To Boom in San Juan Basin

Natural Gas Production Poised To Boom in San Juan Basin By Miguel Suazo and Chelsea Allen New Mexico’s natural gas production comes from two primary locations: the Permian Basin region in southeastern New Mexico and the San Juan Basin region in the northwestern part of the state. Though both areas contribute significantly to New Mexico’s overall oil and gas production, …

Oil and Gas World Report: Developments in the International Oil and Gas World at a Glance

Oil and Gas World Report: Developments in the International Oil and Gas World at a Glance By Miguel Suazo and Chelsea Allen The current U.S. oil and gas market is nothing if not dynamic. Domestic producers continue trying to balance relatively depressed oil prices against comparatively prolific production levels, and, in certain regions, drilling booms have spurred U.S. exports despite …

Is Your Acreage Safe?

Is Your Acreage Safe? By Miguel Suazo and Chelsea Allen Though acreage release clauses are common in most oil and gas leases today, they continue to be a source of headaches – and sources of undesired acreage loss – even for experienced operators. A recent Texas case, Hardin-Simmons University v. Hunt Cimarron LP, No. 07-15-00303-CV, is just the latest example. The …

Federal Court Rules EPA Cannot Stay Obama-Era Methane Rules

Federal Court Rules EPA Cannot Stay Obama-Era Methane Rules By Miguel Suazo and Chelsea Allen             This July, the United States Court of Appeals for the District of Columbia ruled that the Trump administration cannot freeze or suspend enforcement of Obama-era methane restrictions on new oil and gas wells. (See our earlier article here for more background on this topic.) …

What Will Become Of The “WOTUS” Rule? Potential Rule Change Provides No Long-Term Certainty For The Waters of the United States Rule

What Will Become Of The “WOTUS” Rule? Potential Rule Change Provides No Long-Term Certainty For The Waters of the United States Rule By Miguel Suazo and Chelsea Allen The Clean Water Act came into law in 1972 in order to regulate water pollution, and provided the EPA with various controls with which to regulate wastewater and set industry water quality standards …

Texas Supreme Court Departs From Long-Standing Rules of Deed Construction

Texas Supreme Court Departs From Long-Standing Rules of Deed Construction By Miguel Suazo and Chelsea Allen           The conditional phrase “subject to,” used frequently in deeds, may no longer mean what you think it means. In June, the Texas Supreme Court issued a narrow 5-4 decision in Wenske v. Ealy, that may bring more confusion than clarity …

The Evolving Law of Subsurface Trespass in Texas

The Evolving Law of Subsurface Trespass in Texas By Miguel Suazo and Chelsea Allen           In a long anticipated ruling, this month, the Texas Supreme Court held that an oil and gas operator who, with the surface owner’s permission, drills through the mineral estate to extract minerals from an adjoining leasehold, will not necessarily commit a …