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Drill Deeper

News and Updates on Oil & Gas Legal Issues

Category Archives: Legal Updates

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APPROVAL OF NEW STATE LEASE FORM DELAYED

Posted in Legal Updates, News
On November 12, 2015, the Louisiana State Mineral and Energy Board requested comments by December 4th regarding its to the current State Lease form, which has been in use for oil and gas leases from the Mineral Board since 2000. Gordon Arata attorneys closely reviewed the proposed form and requested an extension of the December… Continue Reading

A Snapshot of Louisiana’s Risk-Fee Statute

Posted in Legal Updates
La. R.S. 30:10 otherwise known as Louisiana’s “Risk-Fee Statute” continues to present questions and concerns to oil and gas well operators and non-operators. Recently, an operator contacted one of our attorneys to clarify the risk charges imposed on unit wells and substitute unit wells versus those of alternate unit wells and to clarify differences between… Continue Reading

BOEM Proposes Major Changes to its Financial Security Requirements for the OCS

Posted in Legal Updates, News
On September 22, 2015, the Bureau of Ocean Energy Management (BOEM) made available for review proposed guidelines on the procedures and criteria that the BOEM will use to determine the financial ability of oil and gas companies operating on the Outer Continental Shelf (OCS) to carry out their obligations and the potential need for additional… Continue Reading

Update on Louisiana Severance Tax Exemption

Posted in Legal Updates, Tax
On June 19, 2015, Louisiana severance tax exemptions were revised for horizontal wells that commence production on or after July 1, 2015. On that date, Act No. 120 became law to amend Louisiana Revised Statute 47:633(7)(c)(iii) and to enact new Louisiana Revised Statute 47:633(7)(d). The statute, as revised, keeps in place an exemption from severance… Continue Reading

Changes to Louisiana Law on the Pledge of a Lessor’s Rights in a Lease of an Immovable and its Rents

Posted in Legal Updates
On January 1, 2015, changes to Louisiana law (both the Civil Code and the Revised Statutes) relating to pledges became effective.  Under the revised law, the “exhaustive” list of things that may be pledged are: “A movable that is not susceptible of encumbrance by security interest” such as property insurance payments; “The lessor’s rights in… Continue Reading

New Federal Discovery Rules Tilt to Defendants

Posted in Federal Rules of Civil Procedure, Legal Updates
Discovery in federal court should get less burdensome and expensive for defendants, thanks to upcoming changes in the Federal Rules of Civil Procedure. The Federal Judicial Conference Committee on Rules of Practice and Procedure proposed the amendments to the Federal Rules of Civil Procedure, and, on April 29, 2015, the United States Supreme Court approved… Continue Reading