EnergyBuzz

Bills: Promoting Green Fracking Through Tax Credits

By Angela Neville |

Two Texas House bills were recently introduced that offer tax credits on a per-well basis for oil and gas drillers that use alternative fracking fluids instead of freshwater during fracking operations.

Oil Prices Down, Trade Secret Disputes Up

By Scott D. Marrs and Scott R. Davis |

Texas has a number of statutes that companies can deploy to protect their trade secrets. Put an action plan in gear now. A trade secret once lost is lost forever.

Fort Worth O&G Company Opts for Bankruptcy

By Angela Neville |

Quicksilver Resources, an oil and gas producer that is headquartered in Fort Worth, is one of the most recent examples of Texas energy businesses being hit hard by depressed oil and gas prices.

PDC Energy Settles for $37.5 Million in Class Action

By Angela Neville |

After years of hard-fought litigation, a case pitting PDC Energy against a group of investors who claimed they were "duped" into approving a cash-out merger of their interests in 12 O&G limited partnerships for a fraction of their true value was finally resolved.

Houston Lawyer Too Busy for Arbitration Sued

By John Council |

Fred Hagans said his energy company client sued Daniel Woods and his law firm after they dropped it as a client a week before an arbitration hearing, which led to a $3.8 million being levied against it.

A fracking operation in southwestern Pennsylvania

New Federal Fracking Rules Spark Litigation

By Angela Neville |

Two oil and gas industry groups wasted no time digging in and suing the federal government over its new effort to regulate hydraulic fracturing on public and American Indian lands.

State Bills Would Stop Cities' Regulation of O&G Operations

By Angela Neville |

The recent passage of these bills has opponents complaining that if they do become law, Texas cities could end up with drilling operations right next to homes, day care centers or hospitals.

PDC Energy Settles for $37.5 Million in Class Action

By Angela Neville |

After years of hard-fought litigation, a case pitting PDC Energy against a group of investors who claimed they were "duped" into approving a cash-out merger of their interests in 12 O&G limited partnerships for a fraction of their true value was finally resolved.

Houston Lawyer Too Busy for Arbitration Sued

By John Council |

Fred Hagans said his energy company client sued Daniel Woods and his law firm after they dropped it as a client a week before an arbitration hearing, which led to a $3.8 million being levied against it.

Trade Secrets in the Oil Patch: Oil Prices Down, Trade Secret Disputes Up

By Scott D. Marrs and Scott R. Davis |

Texas has a number of statutes that companies can deploy to protect their trade secrets. Put an action plan in gear now. A trade secret once lost is lost forever.

A fracking operation in southwestern Pennsylvania

New Fracking Fuss Over Federal Rules for Public and Tribal Lands

By Angela Neville |

Two oil and gas industry groups wasted no time digging in and suing the federal government over its new effort to regulate hydraulic fracturing on public and American Indian lands.

Another Chapter 11 Casualty: Fort Worth O&G Firm Quicksilver Resources

By Angela Neville |

Quicksilver Resources, an oil and gas producer that is headquartered in Fort Worth, is one of the most recent examples of Texas energy businesses being hit hard by depressed oil and gas prices.

Robert G. Reedy, managing partner, Porter Hedges, Houston

Firm Finance: Porter Hedges Sees Huge Revenue Growth

By John Council |

The Houston law firm brought in $74 million in 2014, posting the second best year in the firm's 37- year history, said managing partner Rob Reedy.

7 Key Steps to Ensure Compliance in Staff Reductions

By Stephen J. Roppolo |

Particularly at risk for reductions are thinly capitalized producers operating in the shale plays of Texas, as employers try to assess the damage of the downturn and plan for the future.

Deborah Williamson, managing director, Cox Smith Matthews, San Antonio

Firm Finance: Gross Revenue, Net Income Decline at Cox Smith

By Brenda Sapino Jeffreys |

Average revenue per lawyer and profits per partner were unchanged in 2014 compared with 2013.

Joe Cohen, a partner in Houston’s Beirne, Maynard & Parsons

Treasure Map Leads to High Court Victory

By John Council |

A colorful seismic 'treasure map' helped guide Joe Cohen's clients to a rich gas reserve and a recent victory before the Texas Supreme Court.

Atmos Has No Duty to Disclose Raw Gas Use to Customers

By Angela Neville |

Unprocessed natural gas is sometimes negatively referred to as a "raw gas cocktail" because of its potential problems when used as a residential energy source, such as possible release of carbon monoxide emissions from unburned gas.

Bill: Use O&G Revenue to Fix Damaged Roads

By Angela Neville |

According to Senate Bill 1788, introduced by State Sen. Carlos Uresti (D-San Antonio) on March 13, Texas counties owning lands that produce oil and gas revenue would be allowed to keep the royalty payments generated from the minerals under their property and dedicate that money to repairing damaged roads, particularly highways torn up from oil field activity.

Vessels equipped with water cannons try to fight the devastating Deepwater Horizon fire.

5th Circuit Gives Chemical Board Subpoena Power in Deepwater Horizon Probe

By Angela Neville |

The Fifth Circuit on March 12 rejected rehearing its decision rendered on Sept. 18, 2014, which upheld five administrative subpoenas that the U.S. Chemical Safety and Hazard Investigation Board issued against Transocean Deepwater Drilling Inc. following the Deepwater Horizon oil spill in 2010.

Green Fracking Promoted Through Tax Credits in House Bills

By Angela Neville |

Two Texas House bills were recently introduced that offer tax credits on a per-well basis for oil and gas drillers that use alternative fracking fluids instead of freshwater during fracking operations.

Joe Cohen, a partner in Houston’s Beirne, Maynard & Parsons

Treasure Map Leads to High Court Victory

By John Council |

A colorful seismic 'treasure map' helped guide Joe Cohen's clients to a rich gas reserve and a recent victory before the Texas Supreme Court.

Atmos Has No Duty to Disclose Raw Gas Use to Customers

By Angela Neville |

Unprocessed natural gas is sometimes negatively referred to as a "raw gas cocktail" because of its potential problems when used as a residential energy source, such as possible release of carbon monoxide emissions from unburned gas.

Bill: Use O&G Revenue to Fix Damaged Roads

By Angela Neville |

According to Senate Bill 1788, introduced by State Sen. Carlos Uresti (D-San Antonio) on March 13, Texas counties owning lands that produce oil and gas revenue would be allowed to keep the royalty payments generated from the minerals under their property and dedicate that money to repairing damaged roads, particularly highways torn up from oil field activity.

7 Key Steps to Ensure Compliance in Staff Reductions

By Stephen J. Roppolo |

Particularly at risk for reductions are thinly capitalized producers operating in the shale plays of Texas, as employers try to assess the damage of the downturn and plan for the future.

Deborah Williamson, managing director, Cox Smith Matthews, San Antonio

2014 Firm Finance Numbers for Cox Smith Matthews

By Brenda Sapino Jeffreys |

Average revenue per lawyer and profits per partner were unchanged in 2014 compared with 2013.

Vessels equipped with water cannons try to fight the devastating Deepwater Horizon fire.

5th Circuit Gives Chemical Board Subpoena Power in Deepwater Horizon Probe

By Angela Neville |

The Fifth Circuit on March 12 rejected rehearing its decision rendered on Sept. 18, 2014, which upheld five administrative subpoenas that the U.S. Chemical Safety and Hazard Investigation Board issued against Transocean Deepwater Drilling Inc. following the Deepwater Horizon oil spill in 2010.

Robert G. Reedy, managing partner, Porter Hedges, Houston

Porter Hedges Sees Huge Revenue Growth

By John Council |

The Houston law firm brought in $74 million in 2014, posting the second best year in the firm's 37- year history, said managing partner Rob Reedy.

EOG Resources Wins Appeal in O&G Royalty Dispute

By Angela Neville |

EOG Resources, one of the largest independent crude oil and natural gas companies in the U.S., won an appeal on March 5 before the Second Court of Appeals, in a dispute over oil and gas royalties.

More O&G Bankruptcies Follow Crashing Crude Prices

By Angela Neville |

Two Houston-based O&G companies sought relief from their financial challenges by filing Chapter 11 bankruptcy lawsuits this week.

Texas Supreme Court Justice Eva Guzman

High Court Finds Executive in O&G Lease Negotiations Met Good Faith Duty

By Angela Neville |

Even though executive right holders Steadfast Financial and Range Production failed to latch on to market-rate oil and gas royalties in their lease negotiations, they did not self-deal nor breach their duty of good faith duties, court says.

Jerry Clements

Firm Finance: Gross, Net Up at Locke Lord in 2014

By Brenda Sapino Jeffreys |

In last year before a big merger, Locke Lord's gross revenue improved by 3.3 percent over 2013, and its net income jumped 7.6 percent.

John Minor Wisdom U. S. Court of Appeals for the Fifth Circuit building, New Orleans, LA.

Request to Restore Natural Gas Theft Case Denied

By Angela Neville |

The Fifth Circuit ruled on March 6 that a Texas federal judge on Feb. 11, 2013, properly dismissed the claims by Pemex Exploracion y Produccion against various buyers related to U.S. sales of natural gas condensate allegedly stolen from Pemex in Mexico.

John Minor Wisdom U. S. Court of Appeals for the Fifth Circuit building, New Orleans, LA.

Fifth Circuit Denies Pemex's Request to Resuscitate Natural Gas Theft Case

By Angela Neville |

The Fifth Circuit ruled on March 6 that a Texas federal judge on Feb. 11, 2013, properly dismissed the claims by Pemex Exploracion y Produccion against various buyers related to U.S. sales of natural gas condensate allegedly stolen from Pemex in Mexico.

Jerry Clements

Firm Finance: Gross, Net Up at Locke Lord in 2014

By Brenda Sapino Jeffreys |

In last year before a big merger, Locke Lord's gross revenue improved by 3.3 percent over 2013, and its net income jumped 7.6 percent.

From Crashing Crude Prices to Chapter 11: More O&G Bankruptcies

By Angela Neville |

Two Houston-based O&G companies sought relief from their financial challenges by filing Chapter 11 bankruptcy lawsuits this week.

Texas Supreme Court Justice Eva Guzman

High Court Finds Executive in O&G Lease Negotiations Met Good Faith Duty

By Angela Neville |

Even though executive right holders Steadfast Financial and Range Production failed to latch on to market-rate oil and gas royalties in their lease negotiations, they did not self-deal nor breach their duty of good faith duties, court says.

EOG Resources Wins Appeal in O&G Royalty Dispute

By Angela Neville |

EOG Resources, one of the largest independent crude oil and natural gas companies in the U.S., won an appeal on March 5 before the Second Court of Appeals, in a dispute over oil and gas royalties.

market

Analyzing Potential Bankruptcies in the Upstream Sector of the Oil and Gas Industry

By Louis R. Strubeck, Jr. and Timothy S. Springer |

Oil prices have continued to languish in early 2015, prompting many to look ahead toward potential restructuring opportunities. This article gives some context to that intermediate analysis of what may occur within the upstream sector of the oil and gas industry.

Deal of the Week: Baker Botts, Akin Gump Work on Energy Deal

By Brenda Sapino Jeffreys |

Valero Energy Corp. of San Antonio turns to Baker Botts for sale of businesses from subsidiaries to Valero Energy Partners.

Mark Kelly, partner, Vinson & Elkins, Houston

Firm Finance: V&E Posts Second Record Year in a Row

By Brenda Sapino Jeffreys |

Gross revenue and net income improved at Houston-based Vinson & Elkins in 2014 compared with 2013.

U.S. District Judge Lynn N. Hughes

5th Circuit Takes Case Away From Judge Lynn Hughes

By John Council |

The appellate court reversed the Houston federal court judge twice after he dismissed a qui tam action against Shell—and this time they ordered the case reassigned to a different court.

Hurricane Katrina.

$6.2 Million in Attorney Fees, Costs Awarded in Hurricane Katrina Insurance Litigation

By Angela Neville |

Even though it's been almost 10 years since Hurricane Katrina damaged the oil and gas production facilities owned by Cox Operating, the company only recently was awarded a combined total of $6,297,903 in attorney fees, costs and expenses.

PUC Chair Blasts EPA's Clean Power Plan at Texas Tech Law School Event

By Angela Neville |

On March 2, Donna Nelson, chairman of the Public Utility Commission of Texas, gave a speech titled "Power, the EPA and Texas" at the Texas Tech Law School's Energy Law Series and said that the proposed Clean Power Plan is really a carbon tax.

Gabriel Salinas, a senior associate with Mayer Brown in Houston

Mexican O&G Sector: Now Open for Business

By Angela Neville |

Now that Mexico has finally opened its energy sector to private investment, U.S. energy companies undoubtedly will be champing at the bit for the chance to tap the country's rich oil and gas reserves.

Lawyer Suspended for Demanding Large Bonus Before Releasing Client's Settlement Check

By John Council |

D. Patrick Smitherman demanded $50,000 extra from a client before releasing a large settlement check. And a trial court was correct in suspending his law license for that move, according to a recent appellate court decision.

market

Analyzing Potential Bankruptcies in the Upstream Sector of the Oil and Gas Industry

By Louis R. Strubeck Jr. and Timothy S. Springer |

Oil prices have continued to languish in early 2015, prompting many to look ahead toward potential restructuring opportunities. This article gives some context to that intermediate analysis of what may occur within the upstream sector of the oil and gas industry.

New Oil Patch Bankruptcy Arises From Drop in Crude Prices

By Angela Neville |

It's a sign of the times that Cal Dive International Inc. is one of the latest casualties of collapsing crude prices.

PUC Chair Blasts EPA's Clean Power Plan at Texas Tech Law School Event

By Angela Neville |

On March 2, Donna Nelson, chairman of the Public Utility Commission of Texas, gave a speech titled "Power, the EPA and Texas" at the Texas Tech Law School's Energy Law Series and said that the proposed Clean Power Plan is really a carbon tax.

Lawyer Suspended for Demanding Large Bonus Before Releasing Client's Settlement Check

By John Council |

D. Patrick Smitherman demanded $50,000 extra from a client before releasing a large settlement check. And a trial court was correct in suspending his law license for that move, according to a recent appellate court decision.

Mark Kelly, partner, Vinson & Elkins, Houston

Firm Finance: V&E Posts Second Record Year in a Row

By Brenda Sapino Jeffreys |

Gross revenue and net income improved at Houston-based Vinson & Elkins in 2014 compared with 2013.

Hurricane Katrina.

$6.2 Million in Attorney Fees, Costs Awarded in Hurricane Katrina Insurance Litigation

By Angela Neville |

Even though it's been almost 10 years since Hurricane Katrina damaged the oil and gas production facilities owned by Cox Operating, the company only recently was awarded a combined total of $6,297,903 in attorney fees, costs and expenses.

pipeline

New Rules Concerning Pipeline Permit Applications

By Mark A. Mathews and Stephanie N. Murphy |

Although the new rules have a limited impact on the applicable Texas law regarding eminent domain, they do require parties to provide the RRC with more specific information in order for an applicant to obtain a pipeline permit.

Opportunities for Texas Lawyers in an Uncertain Texas Economy

By Bill McDonald |

While clients sort out the effects of current commodity prices, lawyers must consider how the drop in oil prices will affect demand for legal services across the state in 2015 and 2016.

A ship floats amongst a sea of spilled oil in the Gulf of Mexico after the BP Deepwater Horizon oil spill disaster.

Navigating the Post-Gulf Oil Spill Insurance and Indemnity Landscape

By Stephany Olsen-LeGrand |

Key decisions in the 2010 Gulf of Mexico oil spill litigation have highlighted the evolving legal landscape in assessing liability and financial responsibility in a major accident.

Does Texas Clean Air Act Trump Houston Air Quality Law?

By Angela Neville |

That is the question that has been put before the Texas Supreme Court, which is scheduled to hear oral arguments in 'BCCA Appeal Group v. Houston' on March 25, 2015.

A fracking operation in southwestern Pennsylvania

Two Bills Aimed at Busting City O&G Bans

By Angela Neville |

A group of Texas lawmakers are trying to discourage cities from restricting oil and gas drilling or hydraulic fracturing.

Despite Support, US LNG Exports on Shaky Ground

By Natalie Regoli and Brian Polley |

Despite a renewed and vocal support for LNG exports on Capitol Hill, many proposed export projects—including those in Texas—face significant challenges and uncertain futures if the current energy economic environment continues.

Pennzoil Beats Miller Oil in Trademark Tug of War

By Angela Neville |

Pennzoil-Quaker State Company won its trademark infringement case on Feb. 23, against Miller Oil and Gas Operations in a case involving a long-standing collaboration between the two companies.

Gabriel Salinas, a senior associate with Mayer Brown in Houston

Mexican O&G Sector: Now Open for Business

By Angela Neville |

Now that Mexico has finally opened its energy sector to private investment, U.S. energy companies undoubtedly will be champing at the bit for the chance to tap the country's rich oil and gas reserves.

U.S. District Judge Lynn N. Hughes

5th Circuit Takes Case Away From Judge Lynn Hughes

By John Council |

The appellate court reversed the Houston federal court judge twice after he dismissed a qui tam action against Shell—and this time they ordered the case reassigned to a different court.

ExxonMobil Protests Penalty in Pipeline Spill Case

By Angela Neville |

ExxonMobil Corp. appealed a $1,045,000 penalty imposed by the federal pipeline safety agency against the oil company in relation to a 2011 pipeline failure that caused a 63,000 gallon-oil spill into the Yellowstone River in Montana.

Pennzoil Beats Miller Oil in Trademark Tug of War

By Angela Neville |

Pennzoil-Quaker State Company won its trademark infringement case on Feb. 23, against Miller Oil and Gas Operations in a case involving a long-standing collaboration between the two companies.

A ship floats amongst a sea of spilled oil in the Gulf of Mexico after the BP Deepwater Horizon oil spill disaster.

Navigating the Post-Gulf Oil Spill Insurance and Indemnity Landscape

By Stephany Olsen-LeGrand |

Key decisions in the 2010 Gulf of Mexico oil spill litigation have highlighted the evolving legal landscape in assessing liability and financial responsibility in a major accident.

Does Texas Clean Air Act Trump Houston Air Quality Law ?

By Angela Neville |

That is the question that has been put before the Texas Supreme Court, which is scheduled to hear oral arguments in 'BCCA Appeal Group v. Houston' on March 25, 2015.

Barack Obama.

Obama's Multi-Pronged Plan to Regulate Methane

By Sandra Y. Snyder and Timothy A. Wilkins |

The president's climate change agenda focused first on the largest category of emitters: power plants. The next sector on the administration's radar is oil and gas.

A solitary worker in the oil and gas field stands next to an oil derrick.

Shafted? Laid-Off Workers Sue Drilling Company for Not Giving Advance Notice

By Angela Neville |

The law firm of Baron and Budd is representing a number of former drilling rig workers who were employed by Houston-based Patterson-UTI Drilling Co.

Barack Obama.

Obama's Multi-Pronged Plan to Regulate Methane

By Sandra Y. Snyder and Timothy A. Wilkins |

The president's climate change agenda focused first on the largest category of emitters: power plants. The next sector on the administration's radar is oil and gas.

Seismic Data Firm Stabilizes After Bankruptcy

By Angela Neville |

After experiencing fiscal tremors in recent years, Global Geophysical Services (GGS), a seismic data company in the oil and gas industry, recently completed its balance sheet restructuring and successfully emerged from Chapter 11 bankruptcy.

Vessels equipped with water cannons try to fight the devastating Deepwater Horizon fire.

High Court: BP's $750 Million Insurance Claim Denied

By John Council |

The Texas Supreme Court decision denies BP coverage in $750 million insurance policies written for the owner of the Deepwater Horizon drilling rig.

Landowner Overpowers Oncor Electric in Easement Dispute

By Angela Neville |

Jury awards landowner Edward K. Clack a $393,165 judgment, plus costs, against Oncor Electric Delivery Company.

Dee J. Kelly Jr., managing partner in Fort Worth's Kelly Hart

Come to Texas, Y'all: Texas Lawyer's Lateral Moves Survey Shows Firm Growth in 2014

By Brenda Sapino Jeffreys |

The 19 firms that participated in the Lateral Hiring Survey hired 6 percent more Texas laterals in 2014 than in 2013.

A fracking operation in southwestern Pennsylvania

Two Bills Aimed at Busting City O&G Bans

By Angela Neville |

A group of Texas lawmakers are trying to discourage cities from restricting oil and gas drilling or hydraulic fracturing.

Preparing for More Wage and Hour Audits

By Sheila Gladstone |

The DOL's Wage and Hour Division is making good on its repeated signals and threats to crack down on Texas employers who violate FLSA, especially those in the oil and gas, construction and hospitality industries.

Landowner Overpowers Oncor Electric in Easement Dispute

By Angela Neville |

Jury awards landowner Edward K. Clack a $393,165 judgment, plus costs, against Oncor Electric Delivery Company.

Vessels equipped with water cannons try to fight the devastating Deepwater Horizon fire.

High Court: BP's $750 Million Insurance Claim Denied

By John Council |

The Texas Supreme Court decision denies BP coverage in $750 million insurance policies written for the owner of the Deepwater Horizon drilling rig.

Chairman Christi Craddick, Railroad Commission of Texas, Austin

Railroad Commission Chair: Regulations' Impact on O&G Industry

By Angela Neville |

Chairman Christi Craddick, the head of the Railroad Commission of Texas, talks about how state regulations are impacting the Texas oil and gas industry.

Seismic Data Firm Stabilizes After Bankruptcy

By Angela Neville |

After experiencing fiscal tremors in recent years, Global Geophysical Services (GGS), a seismic data company in the oil and gas industry, recently completed its balance sheet restructuring and successfully emerged from Chapter 11 bankruptcy.

Andrews Kurth managing partner Bob Jewell

Firm Finance: Andrews Kurth Posts Double-Digit Increases in Gross Revenue, Net Income

By Brenda Sapino Jeffreys |

Gross revenue improved by 11.2 percent in 2014 at Andrews Kurth of Houston.

Mark C. Evans, managing partner, Bracewell & Giuliani, Houston

Firm Finance: Bracewell & Giuliani's 2014 Financials Up From 2013

By Brenda Sapino Jeffreys |

A hot energy market and busy transactional lawyers helped the Houston firm increase gross revenue by 4.5 percent in 2014 compared with 2013.

O&G Law Update: From Royalty Rifts to Data Disputes

By Angela Neville |

Christopher S. Kulander, Ph.D., director of the Oil and Gas Law Institute at South Texas College of Law, and of counsel at Haynes and Boone in Houston, discusses recent key Texas cases in the oil and gas arena.

Texas Governor Rick Perry

The New Perry: Combining Politics With Pipelines

By Angela Neville |

Moving in a new direction, former Texas Gov. Rick Perry has gone from the political arena into the business world.

Emily A. Parker, managing partner, Thompson & Knight

Firm Finance: Thompson & Knight Financials for 2014

By Brenda Sapino Jeffreys |

Gross revenue was up only slightly for the Dallas-based firm in 2014, but net income improved by 1.3 percent over 2013.

Christopher S. Kulander, PhD, Director of the Oil & Gas Law Institute, South Texas College of Law, and of counsel at Haynes and Boone in Houston

O&G Law Update: Dealing With Fluid Times in the Oil Patch

By Angela Neville |

Christopher S. Kulander, Ph.D., director, Oil and Gas Law Institute, South Texas College of Law and of counsel at Haynes and Boone, talks about the main legal and regulatory challenges facing the Texas energy sector during this time of volatile oil prices.

Smith Energy $8.5 Million Win Precedes Defendant's Bankruptcy

By Miriam Rozen |

Oil-patch tradition: lose litigation, file bankruptcy, and thereby stay the civil lawsuit.

medal

Texas Has Second-Best Legal Job Market in US

By Angela Morris |

"Booming oil production and a strong mining industry have made Texas one of the strongest economies in the nation, and that is driving legal employment," according to The National Jurist magazine.

Agency Proposes Changes to Board Certification Requirements

By Angela Morris |

Hal Moorman, chairman of the Texas Board of Legal Specialization, said, "What we are trying to look at is: What is realistic for someone who practices in the area?"

A solitary worker in the oil and gas field stands next to an oil derrick.

Shafted? Laid-Off Workers Sue Drilling Company for Not Giving Advance Notice

By Angela Neville |

The law firm of Baron and Budd is representing a number of former drilling rig workers who were employed by Houston-based Patterson-UTI Drilling Co.

O&G Law Update: From Royalty Rifts to Data Disputes

By Angela Neville |

Christopher S. Kulander, Ph.D., director of the Oil and Gas Law Institute at South Texas College of Law, and of counsel at Haynes and Boone in Houston, discusses recent key Texas cases in the oil and gas arena.

Congressman Joe Barton (R-TX). Toyota hearing. February 23, 2010. Photo by Diego M. Radzinschi/NATIONAL LAW JOURNAL.

Barton's Bill Presses for Allowing Crude Oil Exports

By Angela Neville |

Plunging petroleum prices are prompting some Texans in Congress to advocate removing restrictions on exporting crude oil that have been in place since the 1970s oil crisis.

Smith Energy $8.5 Million Win Precedes Defendant's Bankruptcy

By Miriam Rozen |

Oil-patch tradition: lose litigation, file bankruptcy, and thereby stay the civil lawsuit.

Emily A. Parker, managing partner, Thompson & Knight

Firm Finance: Thompson & Knight Financials for 2014

By Brenda Sapino Jeffreys |

Gross revenue was up only slightly for the Dallas-based firm in 2014, but net income improved by 1.3 percent over 2013.

Texas Governor Rick Perry

The New Perry: Combining Politics With Pipelines

By Angela Neville |

Moving in a new direction, former Texas Gov. Rick Perry has gone from the political arena into the business world.

oil

What Oil Companies May Need to Know About Bankruptcy

By Trent L. Rosenthal |

The 1980s saw a steep decline in the price of oil, and with that came an unprecedented boom in bankruptcies.

<b>CLEAN AIR PUSH:</b> The EPA on June 2 announced a proposed rule to cut carbon dioxide emitted by power plants—namely those fired by coal, as seen above—by 30 percent nationwide by 2030.

EPA's Clean Air Act Plan: Clean Power or Power Play?

By Angela Neville |

Once again, the U.S. Environmental Protection Agency (EPA) is sparking controversy.

Deal of the Week: Sidley Austin Advises Midland Company in Acquisition

By Brenda Sapino Jeffreys |

Baker Botts represents EnLink Midstream Partners in acquisition of Coronado Midstream Holdings.

Glenn L. Pinkerton, partner, Sidley Austin, Houston

M&A Expert: Maybe More Mergers Later This Year

By Angela Neville |

Glenn Pinkerton, an energy lawyer and merger specialist with Sidley Austin, gives his predictions concerning the outlook for M&A activity in Texas in light of today's low oil prices.

Rusty Hardin of Rusty Hardin & Associates

Rusty Hardin to West Texas Jurors: Rich Men Need Justice Too

By Miriam Rozen |

In an oil patch dispute, settled in a West Texas court, the famed Houston litigator Rusty Hardin wins an $8.5 million judgment for his client Smith Energy, owned by wealthy philanthropist Lester Smith.

Drilling Company Hits Pay Dirt With Record Verdict in Kendall County

By Angela Neville |

A jury in Kendall County, Texas, sent a strong message to large insurance companies about the negative consequences of underpaying claims to their policyholders.

Anthony 'Tony' Buzbee of The Buzbee Law Firm in Houston

Litigator of the Week: Tony Buzbee Wins $29 Million Verdict for Oil Field Worker's Family

By Miriam Rozen |

The family sued his employer after the worker died in an explosion that occurred allegedly because a defective battery was heated to extend its life.