Monthly Archives: September 2016

Oil and Gas Update for 9/23/2016 – Dormant Mineral Act Decisions Take Center Stage in Ohio; PA Gov. Endorses Acting DEP Secretary for Full-Time Position.

The Henry Hub surpassed $3 gas for the second straight week amidst a steadily growing rig count, but oil prices dropped since our last report and gas prices in the Marcellus continue to underwhelm at just slightly over a dollar per MMBtu. Although things are relatively quiet beyond Appalachia this week, a busy Ohio Supreme Court issued its much anticipated decisions on the Dormant Mineral Act, the Ohio Court of Appeals rejected another bid to claim that an oil and gas lease creates an unlawful “no-term” lease, and Governor Wolf endorsed acting DEP Secretary Pat McDonnell to fill the spot permanently. Here’s your week in review: About The Author

Posted in Weekly Updates

DC Circuit Decision to Reopen FERC Consideration of TAPS Quality Bank

The United States Court of Appeals for the District of Columbia Circuit’s August 30th opinion in petro-star-dc-circuit-taps-quality-bank-case, Case No. 15-1009, August 30, 2016 (D.C. Cir.) will reopen the Federal Energy Regulatory Commission’s (FERC) consideration of the Quality Bank associated with the Trans Alaska Pipeline System (TAPS). The crude oil put into TAPS is of differing quality, some of higher quality, some of lower quality. The Quality Bank compensates companies inputting higher quality crude so that companies inputting lower quality crude do not receive a windfall. The Quality Bank compensates companies by assigning each company’s crude oil a value based on the quality of its components or “cuts.” The Petro Star case involved calculating the formula for the Resid cut. FERC

Posted in Uncategorized

Oil and Gas Update for 9/2/2016 – Robinson Township Decision Resurfaces in PA Fight Over Well Permit Requirements, New PA AG Confirmed Following Kane’s Conviction, and TX Federal Court Says Sometimes Arbitrators Decide Class Arbitrability.

The rig count continues to climb while the Henry Hub flirted with $3 gas for the first time in months. However, spot prices in the Appalachian region dropped significantly since our last report and oil prices fared only slightly better, posting a decline of a couple of dollars per barrel since last week based on the Brent Crude and West Texas benchmarks. In Appalachia, there’s a new attorney general in town following Kathleen Kane’s perjury conviction who will preside until the voters elect a new chief for the embattled office in November. Also, the Commonwealth Court denied a bid to stop PADEP from considering the effect of proposed wells on public resources under a part of the Oil and Gas

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