One of the reasons that Texas is a leader in oil and gas production within the United States is that there are abundant natural deposits of these valuable resources. Oil and gas companies frequently execute speculative leases with property owners to make use of those...
Will the EPA’s waiver to allow summer E15 sales lower gas prices?
Recently, the Biden administration announced that it has directed the EPA to suspend a rule barring the sale of gasoline containing 15% ethanol during the summer months. The gas, referred to as “E15” or “Unleaded 88,” is usually allowed only between Sept. 15 and May...
Oil production is ramping up in light of sanctions against Russia
We’ve all noticed gas prices rising at the pump. A great deal of those increases is due to the supply chain disruptions and sanctions brought about by Russia’s war on Ukraine. Although the U.S. only buys about 700,000 barrels of crude and refined oil from Russia each...
Will tapping the Strategic Petroleum Reserve result in lower prices?
In late November, President Biden announced that the U.S. – in concert with several other developed nations – will be tapping its strategic petroleum reserve over the next several months in order to meet high demand for oil. This is apparently a response to efforts by...
Could your lease be voided under the Statute of Frauds?
Any time an interest in real property is conveyed, the contract is only valid if it complies with the Texas Statute of Frauds, which is found in the Texas Business and Commerce Code, and/or the Texas Property Code. According to Texas court decisions, energy leases...
Will the Railroad Commission of Texas cut oil production?
The Railroad Commission of Texas (RRC) is the agency that regulates oil and gas in the state. On April 14, it held an all-day virtual hearing to discuss the current glut of oil on the market and the corresponding drop in price. Producers, pipeline companies,...
Asked about putting an oil or gas pipeline on your property?
It’s a boom time in Texas and the surrounding states for oil and gas energy. Lots of people are making money by selling mineral rights or allowing drilling or pipelines on their property. Have you been approached about an oil or gas project on your land? Before you...
