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Babst Calland: Pennsylvania Oil and Gas Lease Act Signed Into Law, Addresses Joint Development

On July 9, 2013, Governor Corbett signed into law Senate Bill 259, also known as the Oil and Gas Lease Act (Act), amending the Guaranteed Minimum Royalty Act. In addition to providing new rights and requirements as to payments resulting from the production under oil and gas leases, the Act authorizes...

Steptoe & Johnson PLLC: DOJ Ramps Up Interest in Oil and Gas Industry

By Gordon H. Copland, Russell D. Jessee and Nathaniel I. Holland Last year, the U.S. Department of Justice (DOJ) Antitrust Division reached an agreement with two natural gas producers who each paid fines of over one-half million dollars to settle claims of anticompetitive collaboration in lease purchasing...