Monthly Archives: October 2016

Oil and Gas Update for 10/21/2016 – PA Industry Group Brings Swift Challenge to Oil and Gas Regulations Following Effective Date; Third Circuit Lets PA Verdict on Royalties and Post-Production Costs Stand; TX Courts Busy with Fractional vs. Floating Royalty Disputes.

Oil prices remained essentially flat since our last report while the national rig count climbed another 15 units. Although the Henry Hub surpassed $3 again, spot prices in the Marcellus region have not fared as well, failing to rebound from the recent drop and struggling to surpass $1/MMBtu for the second straight week. In Appalachia, PADEP’s controversial “Chapter 78a” oil and gas regulations for unconventional development faced swift challenge from one of the state’s industry groups, while courts in Ohio and West Virginia grapple with oil and gas lease issues. Also, the Third Circuit declined a lessee’s bid to nix a fairly sizable jury verdict in favor of landowners who claimed that their lessee improperly deducted their share of post-production

Posted in Weekly Updates

Oil and Gas Update for 10/7/2016 – PA Supremes Strike Oil and Gas Act Provisions … Again … while TX Court Weighs in on Royalties and Post-Production Costs

Since our last report, natural gas spot prices in the Marcellus region tumbled dramatically to historic lows, remaining below $1 as of Friday. The Henry Hub dipped below $3 while oil prices increased slightly after another drop amidst a rig count that continues to rise. In Appalachia, the Pennsylvania Supreme Court dealt several more blows to the revised Oil and Gas Act, striking additional provisions and telling the legislature to go back to the drawing board to correct certain unconstitutional “special laws.” Elsewhere, the Texas Court of Appeals issued the latest opinion on post-production cost sharing between royalty owners and production companies. Here’s a roundup of the past two weeks: About The Author

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