Oil Export Ban Lifted; Implications for Eagle Ford
January 7, 2016
On December 18, 2015, President Obama signed the Consolidated Appropriations Act of 2016 (H.R.2029.ENR) which lifts a long-standing ban on the export of crude oil from the United States, effective immediately. The repealed ban will affect energy markets in the United States, Mexico, and other international regions. For example, a study by Rice University, published in March 2015, indicates the repeal of the export ban will be positive in terms of the effects on the Eagle Ford Shale play in southwest Texas.
- Link to: Full text of H.R.2029.ENR
- Link to: To Lift or Not to Lift? (study published by Rice University)
- Link to: Oil Exports: Good News for Eagle Ford (from eaglefordshale.com)
- Link to: Export Control of Crude Oil (U.S. Department of Commerce Bureau Industry and Security)
- Link to: First Eagle Ford Crude Ships to Europe: Companies Move Quickly After Ban is Lifted (from eaglefordshale.com)
Scott Hulse law firm has the ability to assist companies on all matters related to exports of oil products, including the export of crude oil, and in doing business abroad, particularly in Mexico and in Mexico’s new energy area that resulted from the recent Mexico Energy Reform.
For additional information, contact our International Business section.
Jose Luis Carbonell
THIS INFORMATION IS PROVIDED AS A COURTESY – NOT AS LEGAL ADVICE. Please know that we are raising the above issues as a courtesy and for informational purposes only. It is not intended as a substitute for legal advice concerning a particular situation that may be affecting your business.
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