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A recent Texas case highlights the importance of making clear which agreements are binding and which are not.  In Le Norman Operating LLC v. Chalker Energy Partners III, LLC, No. 01-15-01099-CV, 2017 WL 4366265 (Tex. App. Oct. 3, 2017), a group of sellers of oil and gas interests closed a transaction with Jones Energy

On June 9, 2017, the Bureau of Safety and Environmental Enforcement (BSEE) issued a final rule amending certain regulations in 30 CFR Part 250 to extend the time that an Outer Continental Shelf (OCS) lease remains in effect after cessation of production or other operations to one year.

Under the previous regulations, an OCS lease

The Bureau of Ocean Management (BOEM) announced that it will withdraw its orders issued in December 2016 to provide additional security for sole-liability properties to Outer Continental Shelf (OCS) oil and gas lease and grant holders.  “Sole-liability properties” are leases, rights of way (ROWs) and right of use easements (RUEs) for which there are no

On July 14, 2016, the Bureau of Ocean Energy Management (BOEM) published a long-awaited Notice to Lessees and Operators (NTL) implementing new financial security requirements (NTL No. 2016-N01 dated July 12, 2016).  The NTL was issued to “clarify the procedures and criteria that BOEM Regional Directors use to determine if and when additional security

On March 30, 2016, the Bureau of Ocean Energy Management (BOEM) published its Final Rule for Leasing of Oil and Gas or Sulfur in the Outer Continental Shelf (OCS).  This particular rulemaking process began with the publication of a proposed rule in 2009 by the Minerals Management Service (MMS) – after the 2010 and 2011

The Department of Interior continues to flex its muscle against prior OCS lessees to require them to complete decommissioning left unfulfilled by later parties. On February 2, 2016, the United States Department of the Interior, Office of Hearings and Appeals, Interior Board of Land Appeals (the “IBLA”) affirmed BSEE’s order directing Anadarko Petroleum Corporation to