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Law school classes teaching oil and gas law generally require that students first take a class in property and contract law. In Texas and Wyoming, oil and gas law is tested on the bar exam. Oil and gas law practitioners usually fall into three broad categories. First, oil and gas companies usually have in-house attorneys that advise the company ...
Lowe's research has made a significant impact in energy law. He is the author of Oil and Gas Law in a Nutshell (6th ed. 2014). [3] [4] He is the co-author of three law school textbooks, International Petroleum Transactions (3d ed. Rocky Mt. Min. L. Fdn. 2010), Cases and Materials on Oil and Gas Law (6th ed. West 2013) and Hemingway's Hornbook on Oil and Gas Law and Taxation (5th ed. West 2017).
Wyoming is the top coal producer of the 50 states in the United States, has significant oil and gas reserves, and its government and laws reflect an interest in energy production, especially fossil fuels. [104] The Wyoming Oil and Gas Conservation Commission regulates many aspects of oil, coal, and gas development in this resource-rich state. [105]
Jan. 25—A bill that would make the most significant changes in decades to a nearly 90-year-old state fossil fuel law drew a lengthy and heated discussion about increasing regulation on an ...
About 10% of the nation's oil and gas comes from drilling on federally owned land. An oil and gas industry trade group warned that higher costs to extract fuels from federal lands could boost U.S ...
Energy law includes the legal provision for oil, gasoline, and "extraction taxes." The practice of energy law includes contracts for siting, extraction, licenses for the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights.
Trump is likely to order his administration to vastly expand oil and gas drilling on federal lands and waters, reversing Biden-era moves to minimize fossil fuel development on U.S. acreage.
The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.