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HTMLIt’s About Fracking Time ... Illinois Department of Natural Resources Releases Revised Proposed Fracking Rules
David M. Bays; HeplerBroom LLC;
Legal Alert/Article
September 19, 2014, previously published on September 11, 2014
It 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...

 

HTMLRegulation of Oil and Gas Activities in Texas, Louisiana
John B. King; Breazeale, Sachse & Wilson, L.L.P.;
Legal Alert/Article
September 19, 2014, previously published on September 16, 2014
Oil 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,...

 

HTMLGovernment of Canada Update on Mandatory Reporting Standards for Extractive Industry
Erik Arnold, Anthony Cole, Paul M. Lalonde; Dentons Canada LLP;
Legal Alert/Article
September 17, 2014, previously published on September 2, 2014
In 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...

 

HTMLANP 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;
Legal Alert/Article
September 5, 2014, previously published on September 4, 2014
The 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.

 

HTMLCanada 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;
Legal Alert/Article
September 4, 2014, previously published on September 2, 2014
Canada’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...

 

HTMLThe Nuts and Bolts of Farmout Agreements
Catherine Bazile; Holland Hart LLP;
Legal Alert/Article
September 2, 2014, previously published on August 21, 2014
An 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...

 

HTMLNational Instrument 43-101: Part 2 - What Issuers Need to Know About Terminology
Gregory Hogan, Alexander Pizale; Cassels Brock & Blackwell LLP;
Legal Alert/Article
August 30, 2014, previously published on July 10, 2014
This is the second instalment in our periodic series on National Instrument 43-101.

 

HTMLColorado: Appellate Court Finds in Favor of Natural Gas Company in Sales Tax Exemption Dispute
McDonald Hopkins LLC;
Legal Alert/Article
August 26, 2014, previously published on August 21, 2014
The 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...

 

HTMLMexican 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.;
Legal Alert/Article
August 26, 2014, previously published on August 20, 2014
On December 20, 2013, the DOF published the amendments to the Mexican Constitution regarding energy matters, which became effective the day after its publication.

 

HTMLIRS Clarifies Production Tax Credit Qualification for Renewable and Alternative Energy Facilities
John C. Crossley; Husch Blackwell LLP;
Legal Alert/Article
August 21, 2014, previously published on August 14, 2014
With 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...

 


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