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At oral argument in Faskin Oil v. Queen, counsel and justices debated whether a deed clause stating royalties are "free of cost forever" prevents the deduction of downstream processing and delivery costs, with parties disputing how precedent and contract context should control valuation and burden of proof.

88 Energy Ltd has agreed to sell its 75% non-operated working interest in Project Longhorn, a package of producing oil and gas assets in the Permian Basin, in Texas. It is selling the package of assets to operator Lonestar I for US$3.25 million (with final consideration subject to customary working

The oil industry touts Texas as a success story in controlling climate-warming methane emissions. The state’s regulator, however, grants nearly every request to burn or vent gas into the atmosphere.