Technology and Oil

PURPOSE To demonstrate how much our society depends on petroleum products and to show how advances in technology have allowed us to find, obtain, and transport oil more efficiently. CONTEXT This lesson is part of the Energy in a High-Tech World Project, which examines the science behind energy. Energy in a High-Tech World is developed […]

2020’s Bad Guys in Energy

Larceny, that business enterprise with a knack for (fleeting) success regardless of the state of the economy, was busy last year. As Obi-Wan Kenobe would say it: You will never find a more wretched hive of scum and villainy as the bad guys of energy in 2020. Here we go. PdVSA First up, as predictable […]

Pennsylvania Rule of Capture Still Bars Subsurface Trespass Claim

After a trial court order, two appellate opinions, a dissent, and another appellate opinion, the tension between a well operator and an adjacent mineral owner over whether hydraulic fracturing can constitute a subsurface trespass in Pennsylvania has, for the most part, been resolved. In Briggs v. Southwestern Production Company, several points of Pennsylvania law have been confirmed: […]

Solar Beats Minerals in a Texas Accommodation Doctrine Battle

In a precursor of disputes sure to come, in Lyle v. Midway Solar, LLC, a Texas court of appeals delivered a win for solar energy by applying the accommodation doctrine in favor of a solar developer’s actual use of the surface of the land over speculative future development of the mineral estate. The lesson for mineral […]

ExxonMobil Discovers That Amended Tax Returns Are Dangerous

In Exxon Mobil Corp. v. United States of America, from the United States District Court for the Northern District of Texas, ExxonMobil learned the hard way that filing amended tax returns can be very costly. Some of the reasons why an amended return is dangerous are below, but first to the case: ExxonMobil was involved in […]

The Iraq War Was Not About Oil

Why did the U.S.-led coalition attack Iraq in 2003? Sixteen years after George W. Bush’s “Mission Accomplished” speech, the answer seems obvious to some: oil of course! When war was waged, this was the widespread view in Jordan (71 percent), Morocco (63 percent), Pakistan (54 percent), Turkey (64 percent), Germany (60 percent) and France (58 […]

Climate Change for Energy Professionals – Part 1

By Charles Sartain on February 16, 2021 Gray Reed’s in-house Cassandra, energy partner Paul Yale, has set out to educate energy industry professionals, and anyone else willing to learn, on the latest developments in the climate change debate. Here is Part One, in which Paul reviews three books with differing points of view:  The Uninhabitable Earth: Life After Warming, by David Wallace-Wells; Apocolypse […]

Oil prices rally as record winter storms hit Texas shale supplies

(Bloomberg) –Oil hit a fresh 13-month high as cold weather in Texas may see supply curbed from America’s largest shale patch. U.S. West Texas Intermediate futures surged as much as 2.2% in early Asian trade, rising above $60 a barrel for the first time in more than a year. Brent crude in London rallied past […]

U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA

WASHINGTON – Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO) estimates that 2020 marked the first year that the United […]