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Documents on natural resources
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|It’s About Fracking Time ... Illinois Department of Natural Resources Releases Revised Proposed Fracking Rules|
David M. Bays; HeplerBroom LLC;
September 19, 2014, previously published on September 11, 2014It has been over a year since Illinois took the first step towards regulated high-volume hydraulic fracking by passing the Illinois Hydraulic Fracturing Regulatory Act225 ILCS 732/1-1 et seq. Under the Act, high-volume, horizontal hydraulic fracturing operations require a permit. But a permit...
|Regulation of Oil and Gas Activities in Texas, Louisiana|
John B. King; Breazeale, Sachse & Wilson, L.L.P.;
September 19, 2014, previously published on September 16, 2014Oil and gas E&P operations are regulated by a variety of agencies in varying degrees and forms. Jurisdictional lines overlap and are sometimes blurred to a point where it is increasingly difficult for operators to understand which agency is regulating which activity. Adding to the confusion,...
|Government of Canada Update on Mandatory Reporting Standards for Extractive Industry|
Erik Arnold, Anthony Cole, Paul M. Lalonde; Dentons Canada LLP;
September 17, 2014, previously published on September 2, 2014In April of this year, the Government of Canada issued a Consultation Paper regarding mandatory reporting standards for extractive industry companies, requiring disclosure of payments to foreign and domestic governments (the proposed reporting standards). In the Consultation Paper, the Government...
|ANP Changes Rules for Royalties on Formation Tests|
Bruno Triani Belchior, Alexandre R. Chequer, Leonardo P. Costa, Victor Galante; Tauil & Chequer Advogados in association with Mayer Brown LLP;
September 5, 2014, previously published on September 4, 2014The National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) adopted a new rule for royalties charged on oil and gas produced during well formation tests, pursuant to the ANP Board of Directors Resolution No. 862 dated August 13, 2014.
|Canada Delays Mandatory Disclosure of Resource Payments to First Nations for Two Years: Delay and Provincial Support for Scheme Clears Way for Legislation this Fall|
Graham Erion; Davis LLP;
September 4, 2014, previously published on September 2, 2014Canada’s move towards mandatory reporting of resource payments by mining and oil & gas companies to host governments got a big push recently at a meeting of provincial and territorial resource ministers. First, all provinces and territories endorsed the federal government’s plan to...
|The Nuts and Bolts of Farmout Agreements|
Catherine Bazile; Holland Hart LLP;
September 2, 2014, previously published on August 21, 2014An oil and gas farmout agreement is an agreement by the owner of an oil and gas lease (the “farmor”) to assign all or part of the working interest in that lease to another party (the “farmee”), who agrees to drill a well and do testing on the property in exchange for the...
|National Instrument 43-101: Part 2 - What Issuers Need to Know About Terminology|
Gregory Hogan, Alexander Pizale; Cassels Brock & Blackwell LLP;
August 30, 2014, previously published on July 10, 2014This is the second instalment in our periodic series on National Instrument 43-101.
|Colorado: Appellate Court Finds in Favor of Natural Gas Company in Sales Tax Exemption Dispute|
McDonald Hopkins LLC;
August 26, 2014, previously published on August 21, 2014The Court of Appeals of Colorado affirmed a lower court ruling providing that pipelines and fittings located in one of Colorado’s enterprise zones, which are used to gather and deliver natural gas from a taxpayer’s wells to its’ processing facilities, qualify for Colorado’s...
|Mexican Energy Reform: The Secondary Legislation and its New Business Opportunities|
Nicolas Borda, Hector D. Sanchez Fernandez, Rodrigo Vazquez del Mercado-Rivera; Greenberg Traurig, S.C.;
August 26, 2014, previously published on August 20, 2014On December 20, 2013, the DOF published the amendments to the Mexican Constitution regarding energy matters, which became effective the day after its publication.
|IRS Clarifies Production Tax Credit Qualification for Renewable and Alternative Energy Facilities|
John C. Crossley; Husch Blackwell LLP;
August 21, 2014, previously published on August 14, 2014With developers in the renewable energy industry racing to complete energy projects across the country by January 1, 2016, the Internal Revenue Service (IRS) has published additional guidance to reduce uncertainty regarding the ability of certain projects to qualify for production tax credits...