Controlled

In a decision in which both sides are claiming victories of sorts, a federal district judge in Denver on June 22 ordered the federal Bureau of Land Management (BLM) to review and revise its drilling plan for the Roan Plateau in western Colorado where one operator has plans to drill thousands of natural gas wells.

Continental Resources Inc. on Wednesday made a $340 million pitch to buy Bakken Shale-focused Wheatland Oil Inc., a company controlled by Continental CEO Harold Hamm.

Land that Anadarko Petroleum Corp. has long controlled in northern Colorado in the Wattenberg Field holds a huge liquids-rich resource potential of 500 million to 1.5 billion boe net, executives disclosed last week. Separately, Noble Energy Inc., which controls 400,000 net acres in the play, said it has identified 1.3 billion boe of net risked resources with the potential for even more.

Land that Anadarko Petroleum Corp. has long controlled in northern Colorado in the Wattenberg Field holds a huge liquids-rich resource potential of 500 million to 1.5 billion boe net, executives disclosed this week. Separately, Noble Energy Inc., which controls 400,000 net acres in the play, said Tuesday it has identified 1.3 billion boe of net risked resources with the potential for even more.

A month after BP plc launched a $7.8 billion strategic stock swap with Russia’s state-controlled oil company, the London-based major late Monday agreed to invest a near-equal amount into Reliance Industries Ltd., India’s largest energy producer and flagship of the country’s largest private-sector enterprise.

Houston-based Dynegy Inc. announced a senior management shakeup Tuesday at the same time it said it has terminated an offer to be bought by a unit controlled by billionaire Carl Icahn, a major shareholder in the company. CEO Bruce Williamson and CFO Holli Nichols resigned, effective March 11, and five board members will not stand for reelection.

BP plc and Russia’s state-controlled oil company OAO Rosneft late Friday announced a “groundbreaking strategic alliance” involving a stock swap and a deal to jointly explore Russia’s Arctic region.

BP plc and Russia’s state-controlled oil company OAO Rosneft late Friday announced a “groundbreaking strategic alliance” involving a stock swap and a deal to jointly explore Russia’s Arctic region.

With an incoming Republican-controlled House of Representatives, the United States should expect to see a “significant” change in the approach to domestic energy policy for at least the next two years, with attention likely to focus on expanding the use of natural gas, according to a report last week by Deutsche Bank Climate Change Advisors (DBCCA).