Law Commons^™

The Lessee's Right Of Free Use Of Produced Substances: New Wine In Old Bottles, John S. Lowe

Faculty Journal Articles and Book Chapters

The move in the United States to restructure the electric power industry will present the oil and gas industry with synergistic opportunities that have been widely discussed in the trade press. The commentary has focused, however, upon competition in the public utility industry and the effects of the wave of mergers that increased competition is likely to cause.

This paper will explore an incidental benefit presented to oil and gas producers by the increased flexibility of electric distribution companies - the possibility that oil or gas produced from a property can be traded, royalty free, for electricity or other services, …

The Anatomy And Preparation Of Ocs Farmout Agreements, John S. Lowe

Faculty Journal Articles and Book Chapters

Oil and gas farmout agreements are important devices in spreading the risks of oil and gas exploration and development on the Outer Continental Shelf, as well as in onshore operations. In fact, because both the costs and risks (as well as the rewards) of offshore development are greater than those usually associated with onshore operations, oil and gas farmout agreements may play a more important role in operations on the Outer Continental Shelf than in onshore operations. The structure of an Outer Continental Shelf farmout agreement does not differ substantially from that of its onshore counterpart. The function of farmout …