2017

A district court judge in Texas has ruled that oil and natural gas production equipment used “below ground” is exempt from state sales taxes on extraction equipment.

Chevron Corp. plans to continue to make acquisitions in unconventional plays around the world but the company likely will go it alone when it does, CEO John Watson said Friday.

MarkWest Energy Partners LP, which teamed up with private equity fund The Energy & Minerals Group (EMG) three years ago to create one of the largest natural gas processing companies in the Marcellus Shale, now sees a “critical” need to create similar midstream infrastructure in the emerging Utica Shale, CEO Frank Semple said late Monday.

A proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017 announced by the Department of Interior last week will make more than 75% of estimated undiscovered but technically recoverable oil and gas resources in federal offshore areas available for exploration and development, according to Secretary of the Interior Ken Salazar.

A proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017 announced by the Department of Interior Tuesday will make more than 75% of estimated undiscovered but technically recoverable oil and gas resources in federal offshore areas available for exploration and development, according to Secretary of the Interior Ken Salazar.