Texas Supreme Court asked to take up duty of holder of executive rights in Lesley v. Veterans Land Board

Thu, 06/11/2009 - 15:34 — admin

The Texas Supreme Court has been asked to review a case decided by the Eastland Court of Appeals, Lesley v. Veterans Land Board, that raises important questions about the duty of a mineral owner to owners of non-executive mineral interests. If the Court decides to take the case, the outcome could have important implications for future development of mineral interests in urbanized areas of Texas.

The important facts in Lesley are as follows:


Aleklett: Australia highly vulnerable to oil shortages

Thu, 06/11/2009 - 15:08 — admin

ASPO International president, Professor Kjell Aleklett of the Global Energy Systems group at Uppsala University has been in Australia over the past week, presenting lectures in Adelaide and Sydney on peak oil.


Senate panel adds oil, gas provisions to energy bill - PennEnergy

Thu, 06/11/2009 - 13:27 — admin


Examiner.com


Profiting from Scarcity

Thu, 06/11/2009 - 08:03 — admin

This is a guest post by Philip Henshaw, known on The Oil Drum as pfhenshaw. Phil has a BS in physics and an MFA in architecture. He has been studying the physics of how natural systems change form for 40 years, first interested in the subject by college physics experiments in how all experiments misbehave. Phil's website is www.synapse9.com.


DrumBeat: June 11, 2009

Thu, 06/11/2009 - 08:01 — admin


Oil climbs near $73 on higher demand
NEW YORK (CNNMoney.com) -- Oil jumped near $73 a barrel on Thursday after the International Energy Agency raised its estimate for 2009 oil demand for the first time in 10 months.


Light, sweet crude for July delivery jumped $1.35, or almost 1.9%, to settle at $72.68 a barrel Thursday.


That's the highest settle price since Oct.


Norway FY 2010 Oil, Gas Invest Estimated At NOK136.1B - Wall Street Journal

Thu, 06/11/2009 - 03:21 — admin


Norway FY 2010 Oil, Gas Invest Estimated At NOK136.1B
Wall Street Journal
LONDON (Dow Jones)--Total Norway oil and gas investments in 2010 will be 136.1 billion Norwegian kroner ($21.37 billion) according to companies' second quarter estimates, a sharp rise on comparative estimates made in the same period of 2008, ...


Helix Completes Thunder Hawk PLET Installation In Deepwater GOM

Thu, 06/11/2009 - 02:24 — admin

Helix successfully completed installation of two 86-ton pipeline-end-termination (PLET) modules as a prelude to the initiation of production of Murphy Oil Co.'s Thunder Hawk development in the deepwater Gulf of Mexico.