Blog – Energy Law Today

http://energylawtoday.foxrothschild.com/

Powered by the attorneys in the firm’s Energy & Natural Resources group, Fox’s Energy Law Today blog covers the legal developments in energy and natural resources that will impact parties operating in these sectors.

Recent Blog Posts

  • That’s a First: Oscars Snafu and Monday Morning “Bounce” in Oil Prices   It seems like we are experiencing a lot of “firsts” lately. Last night and this morning were no exception… Last night, we all watched the best picture snafu at the Oscars, where the presenters were given the wrong envelope and Faye Dunaway announced the wrong best picture winner by mistake, naming La La Land instead of Moonlight – Watch the wrong best picture announcement here. It was quite a snafu, and definitely a first! Then this morning, another first happened…or at least something... More
  • Energy Industry Takeaways – So Far in Early 2017 As we are about midway through the first quarter of 2017, we wanted to provide you with the takeaways from the energy industry so far this year: Baker Hughes Rig Count According to Baker Hughes’ announcement of the rig count for January 2017 – rig counts are up: The international rig count for January 2017 was 933, up 4 from the 929 counted in December 2016, and down 112 from the 1,045 counted in January 2016. The average U.S. rig count for January 2017... More
  • Update from the Cowboy State: Pay Day from Lease Sale and Diversifying Wyoming’s Economy As the 64th General Session of the Wyoming Legislature is in full swing, a hot topic is the current state of the budget.  I spent the weekend up in Laramie – and it was also a topic of discussion in the community there. There is good news to help bring some money into my home state – The first Bureau of Land Management (“BLM”) oil and gas lease sale of 2017 occurred last week and it has helped to provide some cash... More
  • Energy Update from Sunny California Working from Fox’s sunny California office this week has reminded me of the state’s place in the energy industry, so I thought I would give you an energy update about the state while I am here. I recently saw an old photograph of Huntington Beach from the early 1900’s that at first glance, I thought was a photograph of Spindletop. The beach was more crowded with oil wells than it was with sun-bathers. It was astounding… In fact, California’s role in the energy sector... More
  • Don’t Look a Gift Horse in the Mouth: Be Grateful for Energy Sector Rebound My grandma always says, “don’t look a gift horse in the mouth.” The saying comes to mind as I read today’s headlines about many aspects of the energy sector rebounding and growing. The saying basically means, “don’t be ungrateful when you receive a gift.” When you are given a horse as a gift, don’t inspect his teeth to see if he is old or of poor quality. It reminds me of a good story.  I was in an old cowboy bar in Wyoming and... More
  • All Hat and No Cowboy? EIA’s Annual Energy Outlook 2017 Today, the U.S. Energy Information Administration (“EIA”) released its Annual Energy Outlook 2017. The full report can be found here. What is the Annual Energy Outlook? It is a long-term energy projection of domestic energy markets through 2050. It is “modeled projections of what may happen given certain assumptions and methodologies.” Many uncertainties surround energy projections – here is a link to my previous blog entitled “Is Predicting the Future of Energy Like Driving Down a Dirt Road at Night with No Lights... More
  • Great Way to Start the New Year: Energy Commodity Prices Gaining the Lead My first post of this beautifully snowy 2017 brings good news from Today in Energy published this morning by the U.S. Energy Information Administration (“EIA”) – “energy commodity prices rose more than other commodity sectors in 2016.” Like the crisp cold air of a snowy winter’s morning, energy commodity prices seeing large percentage increases is a great way to start the new year. “The spot energy index in the S&P Goldman Sachs Commodity Index (“GSCI”) rose 48% since the start of 2016”... More
  • Balancing Interests in the Wyoming Range Most people know that my home state holds my heart; what many may not know is that my soul can be found in the Wyoming Range. My family’s cabin is nestled in a “bowl” off-the-beaten-path in the Wyoming Range and I have spent time there every summer for my entire life. It has views of the Wind River Range, the Tetons and the Gros Ventre Mountains. When I was young, I spent weeks of my summer vacation there – playing and hiking in... More
  • Patience Required: Gigi’s Potica and OPEC Production Cuts As we have previously discussed, OPEC has announced that it will reduce production outputs and oil prices are reflecting the deal. Oil prices are on rise – as I write this, Bloomberg Energy is reporting that WTI Crude Oil is up 2.11% to $50.82 per barrel and Brent Crude Oil is up 1.66% to $53.88 per barrel. Everyone is speaking in hushed tones, worried about jinxing their high hopes that the oil and gas industry may be bouncing back and... More
  • Show Me the Money: EPA to Require Hardrock Mining Companies to Make Financial Assurances RE Cleanup On December 1, 2016, the Environmental Protection Agency (“EPA”) announced plans to require mining companies to prove up their financial wherewithal to be able to pay for environmental cleanup and potential pollution issues. Specifically, the EPA has “proposed financial responsibility requirements for the hardrock mining and mineral processing industry.” What is the proposal? The rule is called “Financial Responsibility Requirements Under CERCLA Section 108(b) for Classes of Facilities in the Hard Rock Mining Industry.” The full information can be found on the EPA’s... More