Open/Close Menu We are skilled title and transactional attorneys focusing exclusively on oil and gas matters in Texas, New Mexico and Louisiana

Please revisit our articles regarding Contango vs. Backwardation HERE, the Price of Oil and the Commitment of Traders Report HERE, and the Price of Oil and the U.S. Dollar HERE, for background to this article.   The February 2018 West Texas Intermediate (CLG18) contract finished the year strong, closing Friday, December 29, 2017 at $60.42. This…

The Texas Title Examination Standards are a-changing. To review the proposed changes click here: Final_Warranty_Standard_9817. E-mail your comments and suggestions to Bill Burford at bill.burford@kellyhart.com before October 15, 2016. The current proposed changes include the following: Standard 17.10. Title from the Sovereign If you’re acquainted with Aloysius Leopold’s Texas Land Titles, Standard 17.10 will sound…

Copyright Marcellus Shale Coalition After a seven-year de facto moratorium on natural gas development near the Delaware River, the Delaware River Basin Commission (“DRBC”) took steps last week to begin the process of enacting a formal ban on drilling for natural gas in Pennsylvania’s northeastern tip, including Wayne and Pike Counties. The Commission adopted a…

Revisions to the State Oil and Gas Lease form continue. As per the State Mineral and Energy Board’s schedule, a final vote will be taken in December. Prior to that time, the Board will review the fourth, and final, article reports and public comments at their August 9th meeting, which will cover the following lease…

New Shut-in Royalty Rule for State Trust Lands As a sweet Halloween treat for the beleaguered oil and gas industry, the State Land Office recently amended 19.2.100 of the New Mexico Administrative Code, Section 71, effective October 31, 2016, to allow operators to shut-in their oil and gas wells located on State Trust lands instead…

Currently, thousands are displaced by the flooding in Southern Louisiana. Our prayers are with them. You can donate HERE, mail items HERE, and volunteer HERE to help with rescue and clean up efforts. In response to the floods, Governor John Bell has issued Executive Order No. JBE 2016-53 (the “Order”). The Order suspends all deadlines in…