Auction

The Bureau of Land Management's Utah office in Salt Lake City said the results of its latest quarterly oil and natural gas lease sale showed significantly lower proceeds and activity…

The Bureau of Land Management’s (BLM) Utah office in Salt Lake City said the results of its latest quarterly oil and natural gas lease sale showed significantly lower proceeds and activity than a year earlier.Separately, a previously scheduled auction in August has been canceled to combine with one planned in November.

The Interior Department's Bureau of Ocean Energy Management gave conditional approval Monday for a subsidiary of Royal Dutch Shell plc to explore…

The Interior Department’s Bureau of Ocean Energy Management (BOEM) gave conditional approval Monday for a subsidiary of Royal Dutch Shell plc to explore Alaska’s Chukchi Sea and drill up to six offshore wells, after concluding a 30-day review of the project.

Six years of turmoil were ended Friday with a federal-state settlement of the disputed oil/natural gas drilling leases on Colorado’s Roan Plateau along a pristine portion of the Western Slope near Rifle, CO. The deal provides for protections, some drilling, 17 of 19 leases by one company to be rescinded, and other leaseholders in a designated base area to hang on to their holdings.

An oil and natural gas lease auction Wednesday by the federal Bureau of Land Management (BLM) in New Mexico garnered $83 million in proceeds for leases in four counties in the southeastern corner of the state. The 31 leases are for 10 years, the BLM said.

California’s latest auction of greenhouse gas (GHG) emissions credits in its cap-and-trade program fell short of selling all of its 26.1 million air pollution allowances. All of the 2014-vintage credits sold, but less than half of the 2017-vintage credits found buyers.

The PJM Interconnection, trending toward more natural gas-fired generation, secured 167,004 MW, about 20% more than anticipated, for the 2017-2018 delivery year at a base price that was almost double the year-ago auction.

About 435 acres in northern Pennsylvania, some of which are currently paying royalties for Marcellus Shale drilling, are scheduled to be sold at a live auction at the end of the month.