Fall is shaping up as a critical time for our industry, where regulatory policy-making is concerned. Companies are advised to be ready to express themselves on proposed changes when the opportunities arise. As summer rolls on and the Legislature reconvenes for transportation issues, planning is underway in Austin for a series of regulatory and legislative […]
From the Chairman: New Mexico’s New Directions
The Land of Enchantment is “open for business” with ground rules that are clear and reasonable – and maybe even deserving of consideration beyond New Mexico’s borders. Just when you thought the political season was over (the 3rd special session is still in progress in Austin as I write), the campaign season is upon us. […]
A Bang-Up Event
For full coverage of the PBPA Clay Shoot and Pit Challenge, view our digital edition by clicking here. In the meantime, here are a few images from the event.
“Accommodation” Revisited
An important doctrine comes in for clarification at the hands of the Texas Supreme Court On June 21, 2013, the Texas Supreme Court issued its opinion on a case I have written about before, Merriman v. XTO Energy, Inc. The case, centering on the accommodation doctrine, involved a cattle rancher complaining that the location of […]
Special Session, LPC, and Other Unfinished Business
As summer comes on, activity centers on some lingering issues. The Texas Legislature continues to meet in the second Special Session after the first one ended with a crash. In the first Special, they did pass the redistricting bill but funding for transportation died when the session was consumed over the abortion debate. Hopefully, this […]
When Production gets “Allocated”
The advent of the “Allocation Well” comes with a fresh legal challenge, where horizontal well royalties are concerned. A new Railroad Commission phenomena has developed recently, despite obvious rulings to the contrary. The name? Allocation Wells. Operators that are diving into horizontal drilling may already know all they need to know, but for the rest, […]
In Memoriam: Remembering Mark Merritt
This organization’s chairman, who passed away June 1, was highly thought of by his coworkers, neighbors, friends, family, and PBPA associates. By Jesse Mullins In the scant weeks since the last issue of this magazine appeared, the Permian Basin Petroleum Association lost its chairman, who succumbed to cancer. That loss, though it does not in […]
In Memoriam: Mark Merritt
Mark Merritt will be fondly and respectfully remembered by the Permian Basin Petroleum Association. It is with a very heavy heart that I write this month’s report. My friend and PBPA chairman Mark Merritt lost his courageous battle with cancer on June 1. He leaves behind his wife of 34 years, Kay, and their children […]
From the President: Getting There
Legislative sessions have their way of creating their own realities. “You’ve got to be very careful if you don’t know where you are going, because you might not get there.” —Yogi Berra When we began the Legislative session, re-authorizing the Railroad Commission, funding our water and transportation infrastructure needs and improving the state’s response to […]
From the General Counsel: The Point of Valuation
In New Mexico, a challenge to a lower court’s decision has caused the state’s Supreme Court to take a longer look at what it means to pay a lessor an established portion of the “net proceeds” from the sale of gas. More than a few months ago I wrote about the Commissioner of Public Lands […]
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