The spirit of Charles Ponzi lives in the oil and gas business. Today we offer advice for attracting special attention from powerful federal authorities, inspired by SEC v. Helms et al. Here’s how you do it:
Helms and Kaelin, marketed a limited partnership to hold royalty interests in 2000 wells and raised $31,000,000 from
Charles Ponzi lives! Today we offer advice for attracting special attention from federal authorities. Here’s how you do it, inspired by SEC v. Helms, et al:
Make promises
If you are Helms and Kaelin, market a limited partnership to hold royalty interests in 2000 wells, raise $31,000,000 from 129 investors.
In a private placement
The box scores after election day showed frackers 4, anti’s 4. Courtesy of a gubernatorial grand-slam by Gov. Andrew Cuomo, hydraulic fracturing is now banned throughout the entire state of New York.
In this ballgame within a ballgame, it’s
Yoko and Shawn, the likes of Moveon.org , and wealthy Manhattanites: 1
Mineral owners, asthmatics
Would this scenario keep you up at night? Your lease does not produce from May through August because a leak in a heater-treater makes it impossible or impractical to produce the well. Problems such as access to the site during rainy weather make repairs difficult. You are beyond the primary term. The top- lessee lurks.
If it’s an injunction you want, some words are your friend and others aren’t. For example:
“Imminent” = friend
“Might” = not friend
“Likely” = friend
“Could” = not friend
“Irreparable” = friend
“Money damages” = not friend
In Lightning Oil Company v. Anadarko E&P Offshore, LLC, the surface and 1/6 of the minerals
Cresson SWD Services, L.P. vs. Basic Energy Services, L.P. is a warning about the perils of an oral agreement for a risky downhole procedure. Cresson hired Basic to make improvements on a saltwater disposal well by deepening the injection zone, inserting a liner, and cleaning out the hole to 8,600 feet.
The Claims
Cresson’s
Today is a grab-bag of topics, a pastiche if your college tuition was higher than mine.
When Will the Fat Lady Sing?
El Paso Marketing, LP v. Wolf Hollow I, L.P., involving a gas plant Supply Agreement, continues its tortured journey through the Texas civil justice system. Chance Decker and I reported on this
Co-author Brooke SizerIn Olympia Minerals et al v. HS Resources, et al, the Louisiana Supreme Court addressed a decision we discussed in a February entry by affirming in part, reversing in part, amending in part and remanding (because why do one thing when you can do four). The case involved the “North Starks
Hydraulic fracturing bans had eight at-bats last Tuesday. Here are the results.
Denton, Texas
See the Ballot Question in a recent entry.
YES 58.64%
NO 41.36%
Athens, Ohio
“To establish a community bill of rights for residents and natural communities of Athens and to protect those rights by prohibiting shale gas and oil extraction and
My mother used to give us good advice. For example: Don’t lie … do your homework. Sabella v. Appalachian Development Corporation agrees with my mother.
Sabella bought minerals in 1997 under 66 acres in Warren County, Pennsylvania, on which the Haners had two producing wells (under a 144-acre lease from the Harveys). They weren’t paying