We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
USA - May 13 2013
In a recent decision, the Supreme Court of Pennsylvania affirmed 177 years of unchanging property rights and laid to rest fears that it would instead…
Canada - April 9 2013
With the return of the "income fund" to the Canadian capital markets, you will find new opportunities to monetize, dispose of, or finance the…
USA - February 12 2013
Oil and gas operators understand that each well is identified by a unique "API" number, however many do not understand how the well numbering system…
USA - January 8 2013
A recent Texas Court of Appeals decision (Tutle & Tutle Trucking v. EOG Resources, Inc., Waco Court of Appeals 2012) illustrates the importance of…
USA - October 10 2012
Article V.A. of the 1989 AAPL form of Joint Operating Agreement ("JOA") contains the following exculpatory clause: "Operator shall conduct its activities under this agreement as a reasonable prudent operator, in a good and workmanlike manner, with due diligence and dispatch, in accordance with good oilfield practice, and in compliance with applicable law and regulation, but in no event shall it have any liability as Operator to the other parties for losses sustained or liabilities incurred except as may result from gross negligence or willful misconduct. [emphasis added]".
