Production

Budget Pact Includes U.S.-Mexico Agreement on Gulf Oil, Gas Development

Legislation to enact a transboundary treaty between the United States and Mexico that governs the development of oil and natural gas resources along the countries' marine boundary in the Gulf of Mexico is part and parcel of the budget deal hammered out this week between House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairman Patty Murray (D-WA). Read More

BOEM Schedules Eastern Gulf Lease Sale

The Bureau of Ocean Energy Management (BOEM) Tuesday said it plans to hold an oil and natural gas lease sale in March for portions of the eastern Gulf of Mexico (GOM), the first sale to be held in the offshore area in five years. Read More

SoCal Urban Oilfield Operator to Shut Down

Under increasing community and political pressure, Allenco Energy Co. agreed to shut down operations at a controversial urban drilling site a few miles south of downtown Los Angeles in a working class neighborhood just north of the University of Southern California campus. Allenco said it will use the pause in drilling to improve its operations. Read More