Department of Interior (DOI) Secretary Ken Salazar announced Tuesday that the agency is considering simplifying the process used to calculate billions of dollars in royalty payments to the federal government for oil and gas production from publicly owned land and offshore sources.
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Analysts: Rig Count Wetter, Still Too High
Unconventional natural gas and liquids plays account for a larger slice of the gas-directed rig count pie than they did just a short time ago. More horizontal drilling and the emergence of the second generation of shale plays characterize the market today, according to analysts at Barclays Capital.
Court Defers to Interior Interpretation of Allowed Royalty Deductions
A federal court in Washington, DC, late last month deferred to the Interior Department’s interpretation of which costs can be deducted when producers calculate royalties owed for the production of natural gas on federal lands.
Court Defers to Interior Interpretation of Allowed Royalty Deductions
A federal court in Washington, DC, Thursday deferred to the Interior Department’s interpretation of which costs can be deducted when producers calculate royalties owed for the production of natural gas on federal lands.
SSB Says: Heat Remains on Gas Prices
Salomon Smith Barney (SSB) analysts calculate that theunprecedented price surge this winter drove a significant amountmore demand out of the market than previously envisioned. With therecent decline in prices, however, some of that lost demand isreturning to the market.