Certain

Concho Resources Inc. said late last week it is looking to divest “certain Permian Basin properties” because they are mostly not in the company’s core areas of operation and because they have a higher per-unit cost than Concho’s existing portfolio of assets.

Concho Resources Inc. said Thursday it is looking to divest “certain Permian Basin properties” because they are mostly not in the company’s core areas of operation and because they have a higher per-unit cost than Concho’s existing portfolio of assets.

The Commodity Futures Trading Commission (CFTC) said on Tuesday it has formally withdrawn the proposed rule on position limits for certain energy commodities that it issued last January, clearing the way for broader curbs on speculation for all commodities under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law last month.

The Commodity Futures Trading Commission (CFTC) said on Tuesday it has formally withdrawn the proposed rule on position limits for certain energy commodities that it issued last January, clearing the way for broader curbs on speculation for all commodities under the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law last month.

The New York Mercantile Exchange (Nymex) Monday said it was backing off earlier commitments to implement hard position limits for certain financially settled natural gas contracts from the end of September, noting that the Commodity Futures Trading Commission (CFTC) is delaying implementation of position limits on comparable contracts under its rulemaking on Exempt Commercial Markets (ECM).

BP plc ratcheted down oil and natural gas production plans through 2012, but it plans to keep capital spending near 2008 levels to prepare for a certain upturn, CEO Tony Hayward said last week.

BP plc has ratcheted down oil and natural gas production plans through 2012 but it still plans to keep spending near 2008 levels to prepare for a certain upturn, CEO Tony Hayward said Tuesday.

Citing the proximity of certain parcels to landscapes of national significance and the need to conduct additional environmental review, Interior Secretary Ken Zalazar last Wednesday said the federal government will withdraw leases to develop oil and natural gas on more than 100,000 acres of public lands in northeastern Utah. His action, which drew criticism from producers, overturned the results of an oil and gas lease auction held in the final days of the Bush administration.

Citing the proximity of certain parcels to landscapes of national significance and the need to conduct additional environmental review, Interior Secretary Ken Zalazar Wednesday said the federal government will cancel producer leases to develop oil and natural gas on 130,000 acres of public lands in Utah. His action overturns the results of a final oil and gas lease auction held in the final days of the Bush administration.