Amendment to Louisiana’s Risk Fee Statute That Allows For Notices After Spudding Is Awaiting Governor’s Signature
The Energy Law Blog
JUNE 8, 2016
Effective upon signature of the Governor, the Louisiana Legislature will have amended the Risk Fee Statute, La. Rev. Stat. Ann. § 30:10, which governs unit operations in the absence of a joint operating agreement. The amendment is contained in Senate Bill No. 388, and would make the changes summarized below. Notices Allowed After Spudding Under prior law, any owner drilling or intending to drill a well serving the unit was required to notify all other owners in the unit “ prior to the actual sp
Let's personalize your content