Monthly Archives: April 2016

Oil and Gas Update for 4/22/2016 – PA Regulatory Review Commission Narrowly Approves DEP’s Chapter 78 Overhaul, Mistake in DPU Recording Dooms Lease in Ohio, and the U.S. Senate Passes Energy Policy Reforms in a Bipartisan Vote

The national rig count slid another 9 units while the rig counts for the Marcellus and Utica remained relatively flat.  Oil prices based on the Brent Crude and West Texas Intermediate benchmarks posted gains while the Henry Hub surpassed $2 for the first time since February despite falling spot prices in the Marcellus.  In Appalachia, the Pennsylvania Independent Regulatory Review Commission approved DEP’s controversial “Chapter 78” oil and gas regulations in a 3-2 vote while the Sixth Circuit let a lease expire based on a faulty pooling designation.  Elsewhere, things were relatively quiet except for a rare bipartisan vote approving of energy policy reforms in the U.S. Senate.  Here’s your week in review: About The Author

Posted in Weekly Updates

Oil and Gas Update for 4/15/2016 – PA Chapter 78 Regulations Survive Injunction Request, Texas Court Clarifies Standard of Review for TCEQ Superfund Orders, and a Louisiana Landowner’s Lease Busting Attempt Falls Flat.

The Henry Hub closed in on $2 at the close of last week due to additional infrastructure additions while spot prices in the Marcellus still trail. Rig counts are relatively flat compared to dramatic slides in prior weeks while oil prices based on the Brent Crude and West Texas Intermediate benchmarks still closed up from last week despite fluctuations.  In Appalachia, the Commonwealth Court of Pennsylvania denied a bid by conventional drillers to enjoin the Pennsylvania DEP’s controversial “Chapter 78” oil and gas regulations. Elsewhere, the Texas appeals court straightened out the proper standard of review of TCEQ orders imposing cleanup costs for Superfund sites, Louisiana’s court of appeals denied another lease busting attempt, and the Texas Court of Appeals

Posted in Weekly Updates

Oil and Gas Update for 4/8/2016 – Marcellus Spot Prices on the Rise, PA Superior Court Denies Bid for Royalties Payable on Lost or Used Gas, and a Bipartisan Vote Kills a Colorado Bill Proposing More Local Regulation of Oil and Gas Activities.

Spot prices in the Marcellus last week reached their highest point since 2015, yet they are still trailing the Henry Hub, while oil prices based on the Brent Crude and West Texas Intermediate benchmarks rebounded from last week despite more declines in the national rig count. In Appalachia, the Pennsylvania Superior Court weighs in on the obligation to pay royalties on lost or used gas while the Pennsylvania Department of Environmental Protection makes plans for a policy to streamline inspection and enforcement activities.  Elsewhere, the Colorado House says no to a bill authorizing local regulation of oil and gas activities while the Texas courts grapple with more mineral rights disputes.  Here’s your week in review: About The Author

Posted in Weekly Updates

Oil and Gas Update for 4/1/2016 – Estoppel by Deed Prevails in PA Oil and Gas Lease Dispute, TX Appeals Court Addresses Novel Pooled Royalty Issue, and OSHA’s New Silica Regs Make Headlines

The Henry Hub spot price trended upward (very slightly) last week while oil prices based on the Brent Crude and West Texas Intermediate benchmarks declined amidst more dramatic slides in the rig count. In Appalachia, the Pennsylvania Supreme Court issued a much anticipated decision on estoppel by deed while the Third Circuit weighed in on a quirky cotenancy/accounting claim.  Elsewhere, OSHA issued new silica exposure rules, an appeals court in Texas weighed in on whether all of a grantor’s pooled royalty interests are appurtenant to one of several parcels conveyed by a general warranty deed, and the courts in other oil and gas producing regions stayed busy deciding a variety of oil and gas lease and ownership disputes.  Here’s your

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