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Babst Calland: Pennsylvania Oil and Gas Law and Section 365 of the Bankruptcy Code - Can an Oil and Gas Lease be Rejected in Bankruptcy?

The recent boom in gas drilling in Pennsylvania due to the development of the Marcellus Shale would seem to be a windfall to landowners who have signed leases for the development of gas reserves on their property. When such a landowner becomes a debtor in a bankruptcy case, however, the value of such...

Fulbright & Jaworski LLP Briefing: Department of Interior Releases Draft Rule of Well Stimulation

L. Poe Leggette , Barclay Richard Nicholson and Jennifer Cadena On February 3, 2012, the Department of the Interior became the latest government entity to release draft regulations governing hydraulic fracturing. The rules are in draft, meaning they are not yet being proposed for public comment. If...

Steptoe & Johnson PLLC: Pennsylvania Supreme Court Affirms Good Faith Test of Production in Paying Quantities

By Russell L. Schetroma , Nathaniel I. Holland On Monday, March 26, 2012, in T.W. Phillips Gas & Oil Co. v. Jedlicka , No. 19 WAP 2009, 2012 Pa. LEXIS 627 (Pa. Mar. 26, 2012) [ enhanced version available to lexis.com subscribers ], the Pennsylvania Supreme Court reaffirmed and expanded its rule...

California Energy Group Defends Oil and Gas Leasing

DENVER - A California nonprofit, non-partisan trade association that represents some 450 independent crude oil and natural gas producers, royalty owners, and service and supply companies on Juje 25 filed its brief with a California federal district court defending federal oil and gas leasing in the nation’s...

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: Producer Requirements Change for Expired Oil and Gas Leases

By Gary Slagel and Holly Christie The “Recording of Surrender Documents from Oil and Natural Gas Lease Act,” will take effect as Act 152, December 21, 2014. Spurred by increasing concerns around title cloud issues caused by unreleased leases, the Act requires oil and gas producers to deliver...