When oil prices fell precipitously in the second half of 2014, many predicted that the resulting financial pressures on U.S. E&P companies would force them to rapidly scale back production. To date, the industry has defied these predictions – greater efficiency, high-grading of drilling plans, cost savings, robust capital raising and strong hedging positions have allowed domestic producers to maintain production at or near historically high levels even with rig counts falling significantly.
Part One: EPA Information Request Letters - Practical Tips and Guidance for Responding in Today's Enforcement Climate
Most environmental statutes provide EPA with broad information gathering authority to examine a company's compliance with applicable environmental laws or waste-related practices. One of the ways in which EPA exercises this authority is via the Information Request letter, which may be a prelude to formal enforcement or administrative action.
Justin Taylor has joined the Finance & Acquisitions Department of Davis Graham & Stubbs LLP as an associate. Mr. Taylor's practice focuses on corporate and transactional matters, including leveraged buyouts, mergers and acquisitions, strategic investments and joint ventures, venture capital and growth equity investments, and corporate governance.
On June 4, 2015, the U.S. Environmental Protection Agency (EPA) published a draft study report entitled Assessment of the Potential Impacts of Hydraulic Fracturing for Oil and Gas on Drinking Water Resources, which analyzes the relationship between hydraulic fracturing and drinking water.