Monthly Archives: February 2016

Oil & Gas Update for 2/26/2016 – Lease Busting Attempts in PA, PADEP Eyes Well Site Restoration, & Another Royalty Ruckus in the Bakken

Rig counts in the Marcellus and Utica remained flat while the national rig count experienced another drastic drop.  Natural gas spot prices in Appalachia took another hit this week while oil prices based on the Brent Crude and West Texas Intermediate benchmarks fluctuated before posting an increase from last week. In Pennsylvania, the Superior Court rejects another lease-busting attempt while the Department of Environmental Protection eyes well operators’ efforts at restoring well sites after drilling.  Elsewhere, the North Dakota Supreme Court issued its latest decision on royalties and postproduction costs, the Mississippi Court of Appeals concludes that “grantee” really meant “grantor” in a mineral deed reserving oil and gas rights, and a lessee of oil and gas rights owned by

Posted in Weekly Updates

Update for February 19, 2016 – Severance Taxes in PA, a Mother Hubbard Dispute in TX, and a Note about Justice Scalia

The national and Marcellus rig counts are down from last week while the Utica rig count remained unchanged.  Natural gas spot prices are generally down, and oil prices based on the Brent Crude and West Texas benchmarks hit new low points during the week before slightly rebounding.  In Pennsylvania, things are relatively quiet this week. The Governor proposed a new severance tax, the Attorney General announced that she’s not seeking re-election, and a federal magistrate judge in Pennsylvania – in Scalia-esque fashion – rejected an attempt by plaintiffs to submit hundreds of new exhibits in a long-standing environmental dispute a week or so before trial.  Elsewhere, the courts decided some interesting cases involving “lift gas” costs, free gas rights, the

Posted in Weekly Updates

At the Well Weekly: Update for February 9, 2016

Welcome to “At the Well Weekly,” a blog designed for busy folks in the oil and gas industry.  If you haven’t read a thing during the week, our hope is that you can breeze through the update and be up to speed on the basics such as current rig counts, commodity prices, and case law updates on legal issues of interest in Appalachia and elsewhere.  Since this is our first installment, our summary includes relevant developments since the beginning of the new year. As you’ll see, rig counts are down, commodity prices remain underwhelming, and the courts throughout the country have been fairly busy deciding lease disputes, zoning disputes, and arbitration issues. Texas’ high court issued a couple of much

Posted in Weekly Updates
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At the Well Weekly
Welcome to At the Well Weekly, a blog designed for busy folks in the oil and gas industry. If you haven’t read a thing during the week, our hope is that you can breeze through the update and be up to speed on the basics such as current rig counts, commodity prices, and case law updates on legal issues of interest in Appalachia and elsewhere.
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Cozen O’Connor Blogs