February 2017

Pennsylvania Senate Bill 139

An Act providing for protection for a lessor of natural gas rights who reports a violation or suspected violation of a contractual agreement and for remedies and penalties. READ MORE:  http://www.legis.state.pa.us/CFDOCS/billInfo/billInfo.cfm?syear=2017&sInd=0&body=S&type=B&bn=139

Pennsylvania Senate Bill 141

An Act amending Title 58 (Oil and Gas) of the Pennsylvania Consolidated Statutes, in development, providing for lease extended by production. READ MORE:  http://www.legis.state.pa.us/cfdocs/billInfo/BillInfo.cfm?syear=2017&sind=0&body=S&type=B&bn=141

Post Oak Energy Capital Leads $200 Million Capital Commitment to Moriah Henry Partners LLC

Post Oak Energy Capital, LP (“Post Oak”), through investment partnerships it manages, today announced that it led a $200 million equity commitment to Moriah Henry Partners LLC (the “Company”). Henry Energy LP (“Henry”) and Moriah Energy Investments, LLC (“Moriah”) will co-invest alongside Post Oak. Moriah Henry Partners LLC is a Midland-based exploration and production company focused on the acquisition and development of oil and gas properties in the Midland Basin

Pennsylvania Senate Bill 142

An Act amending Title 58 (Oil and Gas) of the Pennsylvania Consolidated Statutes, in utilization, providing for unconventional oil and gas conservation by consolidating the Oil and Gas Conservation Law with modifications relating to definitions, standard unit order, process, administration, standard of review, hearings and appeals, establishment of units, integration of various interests, lease extension and scope, providing for gas and hazardous liquids pipelines; and making a related repeal. READ

Nebraska LB535

Provide an exception for filing a statement with the register of deeds when recording an oil, gas, or mineral lease READ MORE:  http://nebraskalegislature.gov/bills/view_bill.php?DocumentID=31595

New York A02504

A02504 Summary: BILL NO A02504 SAME AS No Same As SPONSOR Lifton COSPNSR MLTSPNSR Add Art 12-A §§210 – 214, Gen Bus L Relates to licensure of land leasing agents. READ MORE:  http://assembly.state.ny.us/leg/?default_fld=&bn=A2504&term=2017&Summary=Y&Actions=Y&Votes=Y&Memo=Y&Text=Y

New York A02506

BILL NO A02506 SAME AS SAME AS S02930 SPONSOR Englebright COSPNSR Hooper, Gunther, Jaffee, Aubry, Lifton MLTSPNSR Crespo, Magee, Perry, Thiele Amd §§10, 102 & 140, Hway L; amd §1265, Pub Auth L Authorizes the lease of lands adjacent to state, county and town highways for operation of wind or solar electric generating systems; authorizes the metropolitan transportation authority to enter into such leases. READ MORE:  http://assembly.state.ny.us/leg/?default_fld=%0D%0A&leg_video=&bn=A02506&term=2017&Summary=Y&Actions=Y&Memo=Y&Text=Y

New York A02499

BILL NO A02499 SAME AS No Same As SPONSOR Lifton COSPNSR Rosenthal, Jaffee, Englebright, Abinanti, Titone MLTSPNSR Dinowitz, Glick, Gottfried, Magee Amd §5-333, Gen Ob L; amd §§291-c & 291-cc, RP L Requires signatures of all owners of leased premises for a lease of oil, gas or mineral rights, and for any modification, renewal or extension thereof. READ MORE:  http://assembly.state.ny.us/leg/?default_fld=&bn=A02499%09%09&Summary=Y&Actions=Y&Votes=Y&Memo=Y&Text=Y

Halcón Resources Announces Entry into the Delaware Basin

Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”), today announced it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin (the “Pecos County Assets”) for $705 million with a November 1, 2016 effective date, in addition to entering into an option agreement to purchase an additional 15,040 net acres in Ward County, Texas from a private operator