Fact or Fiction? When the Local News Lines Up With Your Debut Novel
This local news story caught my eye last month when I noticed the similarities between the real life events and the ending in Dollar Signs. When the fiction you create turns out to be more similar to real life than you originally intended, things start to get spooky! Last month, a 64 year old man, […]
Happy Thanksgiving Everyone!
It’s always interesting to learn about traditions and habits around other people’s Thanksgiving celebration. This year, Bill and I are going to keep it simple and have ordered a smoked turkey from a nearby BBQ smokehouse. Of course, there will be plenty of sides to cook and desserts to prepare, but my favorite part of […]
Napa & Sonoma Valley Wine Tour
Hello Again, If you’ve been reading the blog or following on Facebook, you know that Bill & I spent a month on a houseboat on the San Francisco Bay. On the way back to Texas, we took a drive through the California Wine Country. This is a photo-journal of some of the sites Bill and […]
Division Orders: The 411
Definition: Division Order is defined as an agreement signed by the payee directing the distribution of proceeds from the sale of production, and directs and authorizes the payor to make payment for the products taken, in accordance with the information listed. Law: There has been much controversy and litigation in Texas about division orders and […]
Hello and Welcome to my First Blog:
If you will allow me a few postings to hit my stride, I promise not to bore you, sell your information to anyone, or pressure you to buy anything. And, you get a free gift for subscribing! Since some of you do not know me well, let me introduce myself by telling you ten […]
Case Study: PNP Petroleum I, LP v. Taylor
Case Study Part 2 of 2 See Part 1 here. Issue: The appeal arose from a dispute over whether the term of an oil and gas lease was extended by a payment made by the lessee under the shut-in royalty clause. The lease provided that the lessee could pay a “shut-in well royalty payment” to […]
Shut-In Royalty Clause
Part 1 – Introduction Part 2 – Case Study – Coming in October Definition: Shut-in royalty is a payment made by an oil and gas lessee to the lessor in order to keep a lease in force when a well capable of producing is not utilized. This is usually because there is no market for […]
Farmout Agreements
Definition: An oil and gas Farmout agreement is a commitment 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. It is not clearly established when the first Farmout agreement was executed, but by the 1940’s the […]
The Latest News About Fracking!
States Prevent Cities From Banning Fracking: Texas Law: In Denton, Texas, natural gas drilling has started again after an eight month old ban on hydraulic fracturing. Denton, outside Dallas, became the first Texas city to ban fracking followed by other cities that have restricted the method of fossil fuel extraction. Vantage Energy resumed operations at […]
What Is Oil Price’s Future As Industry Is Just Now Adjusting?
Today we have as our guest Allen Brooks who has given us permission to repost his blog on oil prices and how they serve as indicators of the oil and gas recovery. By Allen Brooks: The near month futures contract for West Texas Intermediate (WTI) is sitting just above $59 a barrel as of Friday’s […]
