Monthly Archives: June 2017

Oil and Gas Update for Week Ending 6/16/2017 – PAPUC Issues Annual Report on Natural Gas Impact Fees.

Oil and natural gas spot prices continued their downward trend since our last report with the Henry Hub dipping below $3 for the second straight week, spot prices in Appalachia dipping below $2, and oil prices hovering around $44/bbl. In Appalachia, the Pennsylvania Public Utility Commission issued its annual report demonstrating that the state collected more than $173 million from impact fees from natural gas producers, although the total dropped about $15 million from 2015.  In other news, a bankruptcy judge denied a claim to hundreds of millions of dollars in royalties based on a division order.  Here’s a roundup of the past several weeks: About The Author

Posted in Weekly Updates

Oil and Gas Update for Week Ending 6/9/2017 – WV Supremes Endorse Net-Back Method for Calculating Royalties and Post-Production Costs; TX Supremes Confirm County-Wide Mineral Grant.

Sliding oil and natural gas spot prices didn’t affect a steady rig count that climbed several more units since our last report.  In Appalachia, the West Virginia Supreme Court signaled a departure from the controversial “marketable product” rule for interpreting royalty clauses and the allocation of post-production costs, at least with respect to certain older leases subject to a state permitting statute that requires an upgrade from a flat-rate royalty clause to a production royalty clause as a condition of getting a drilling permit.  In other news, the Texas Supremes confirmed a county-wide mineral grant despite prior rulings that deeds with conflicting language conveying specific parcels along with all mineral interests within a county created an ambiguity.  Here’s a roundup

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