Recent Developments in Texas and United States Energy Law

06/04/2009

This section of Recent Developments in Texas and United States Energy Law consists of selected discussions and articles regarding recent case law, legislation, and regulations that affect the energy industry. The first section, focusing on Texas, contains short summaries of recent Texas appellate court decisions and an article by Diana Liebmann discussing the implementation of Competitive Renewable Energy Zone (“CREZ”) legislation, which will increase wind power generation in Texas and facilitate its transmission to major markets. The second section focuses on national issues including summaries of several recent federal court decisions and three articles on issues of national significance for the energy industry. Philip Peacock discusses the formation, advantages, and disadvantages of the master limited partnership (“MLP”) structure that many oil and gas companies have adopted for certain assets, as well as some current challenges facing the MLP market. Jim Prince discusses recent changes by the Securities and Exchange Commission to the rules for reporting of oil and gas reserves estimates. Finally, Evan Turgeon makes a critical examination of the biofuels requirements in the government’s Renewable Fuels Standards program and explores potential effects for the oil and gas industry.

Excerpted from "Recent Developments in Texas and United States Energy Law," Texas Journal of Oil, Gas, and Energy Law, Vol. 4, No. 2. To read the full article, click here

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