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SpringBoard Ahead of Schedule and WTI Higher, but Continental Holding Firm on Capex

Continental Resources Inc. said it was ahead of schedule with a multi-year program to develop oil and liquids-rich assets in Oklahoma’s stacked reservoirs, but it will hold the line on spending, even as a rebound in oil prices is projected to bring close to $1 billion in free cash flow by year’s end.

May 1, 2019
Wyoming Oil, Gas Project Moves One Step Closer to Approval

Wyoming Oil, Gas Project Moves One Step Closer to Approval

The Interior Department’s Bureau of Land Management (BLM) issued a supplemental draft environmental impact statement (EIS) for a controversial 5,000-well oil and gas project proposed by five producers in Wyoming’s Powder River Basin.

May 1, 2019
ConocoPhillips Grows ‘Big 3’ Lower 48 Production by 30%

ConocoPhillips Grows ‘Big 3’ Lower 48 Production by 30%

ConocoPhillips grew its unconventional production in three Lower 48 unconventional plays by more than 30% in the first quarter and held the line on capital expenditures (capex) and production guidance.

May 1, 2019

Riviera to Sell Stakes in Hugoton Basin for $31M

Riviera Resources Inc. has agreed to sell its interest in properties in the Hugoton Basin of southwestern Kansas, its largest producing asset, to an undisclosed buyer for $31 million.

April 29, 2019

Final EIS Issued by FERC to Rio Grande LNG in South Texas

Nearly three years after first filing for the projects, NextDecade Corp. said FERC issued final environmental impact statements (EIS) for its proposed liquefied natural gas (LNG) export terminal in South Texas and an associated pipeline system that would supply the terminal.

April 26, 2019
BLM Asks Court to Dismiss Montana Oil, Gas Lease Case

BLM Asks Court to Dismiss Montana Oil, Gas Lease Case

Three weeks after voluntarily dropping its opposition to reinstating two oil and gas leases in northwestern Montana, the Interior Department’s Bureau of Land Management (BLM) has asked a federal appeals court to dismiss a case for lack of jurisdiction.

April 26, 2019

EPA Exemption for Oil, Gas Wastes to Remain in Hazardous Waste Law

The Environmental Protection Agency (EPA) said it will continue to exempt wastes from oil and natural gas operations from the law governing hazardous wastes after concluding that state programs to manage them were sufficient and spills were rare.

April 25, 2019
BLM Sued Over Utah Oil, Gas Leases

BLM Sued Over Utah Oil, Gas Leases

A conservation group has filed a lawsuit over the Trump administration’s plans to offer oil and gas leases near three national monuments in the southeast part of Utah.

April 24, 2019
Northern Oil to Acquire Williston Assets for $311M

Northern Oil to Acquire Williston Assets for $311M

Northern Oil and Gas Inc. is acquiring about 18,000 net acres in the heart of the Williston Basin, including producing wells, from Ven Bakken LLC in a cash-and-stock deal valued at more than $311 million.

April 24, 2019
Cogent Planning to Connect Permian Natural Gas Residue Pipe to GCX

Cogent Planning to Connect Permian Natural Gas Residue Pipe to GCX

Cogent Midstream LLC is planning to build a residue natural gas pipeline with 400 MMcf/d of capacity to a processing facility in the Permian Basin’s Midland formation, which would connect to the hotly anticipated 2 Bcf/d Gulf Coast Express (GCX), set for start-up this fall.

April 24, 2019