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Deficiency Fees Paid for Pipeline Are a Post-Production Cost
Source: YouTubeSummaryCo-author: David PruittIf a Texas operator commits to minimum throughput volumes to secure pipeline capacity and ends up paying “deficiency fees” when production falls short, can it deduct those fees from overriding royalty interest...
Destroyer named for Navy Corpsman who earned Medal of Honor hits milestone
Former Marine Joseph Barna carried the memory of the Navy corpsman who saved his life and the lives of many other Marines during vicious fighting in the Korean War. In interviews and a book he later wrote on corpsmen who served in the war, Barna told the story of a...
When Money is Gross Income and Not a Loan
OverviewFarmers and ranchers routinely move substantial amounts of money among family members, operating entities, investors, landlords, and business partners. Those transfers may be intended as loans, capital contributions, investments, deposits, or joint-venture...
5,000 DOD civilian dependents in Japan gain access to health care assistance
About 5,000 dependents in Japan will soon gain access to a Pentagon program that helps Defense Department civilians find and pay for medical care off base.
Internet privacy updates: CalPrivacy fines data brokers, Colorado proposes new AI regulations
Anyone who contracts for internet or social-media-based advertising may have overlooked two recent actions by the California Privacy Protection Agency (CalPrivacy) and the proposed draft AI regulations from Colorado, but there are some important takeaways that should...
South Korean activists protest potential Hormuz deployment outside Camp Humphreys
South Korean activists gathered outside the largest U.S. military installation overseas to protest a potential deployment of South Korean forces to the Strait of Hormuz.
Coast Guard commissions fifth fast-response cutter bound for Guam
USCGC Jeffrey Palazzo, named for a Coast Guard reservist killed on 9/11, entered service as Guam’s fifth Sentinel-class fast-response cutter.
On the road toward fewer parcels and more accountability: how the EU and UK are reshaping e-commerce imports
The European Union has politically agreed on the most ambitious overhaul of its customs framework since the customs union was established in 1968. Across the Channel, the United Kingdom is pursuing its own, though earlier-stage, customs modernisation agenda, the first...
Remote US Army radar site in Japan marks 20 years of watching for missile threats
The Army’s remote Shariki Communications Site recently marked two decades of keeping an eye on the skies of East Asia for ballistic missiles that could threaten Japan, American forces or the United States.