President-elect Joseph R. Biden Jr. on Thursday unveiled his picks for the top climate and energy posts in his administration, leaving little doubt of an impending sea change in federal policy when he takes office on Jan. 20. The nominations and appointments comprise U.S. Rep. Deb Haaland (D-NM), Department of the Interior (DOI) secretary; former…
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Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority
Colorado’s energy industry has come out swinging against Boulder County’s attempt to impose more stringent oversight of oil and gas well operations. Operators working in unincorporated areas of Boulder County would be required to ensure well pad setbacks are at least 2,000 feet and generally 2,500 feet near homes, schools and licensed child care centers.…
Seismic Monitoring Readied This Winter in Montney Shale Hot Spot
The Montney Shale will be scrutinized to explore the links between earthquakes and hydraulic fracturing during this winter’s natural gas drilling season in northeastern British Columbia (BC). A 14-square-mile grid of 36 seismic tremor detectors will trace geological effects of the horizontal well completion method at a drilling hot spot known as Tower Lake, southeast…
Natural Gas Poised for Continued Growth Under Biden, Experts Say
The domestic and global outlook for natural gas remains relatively bright under a Joseph R. Biden Jr. presidency, despite increasingly negative sentiment toward fossil fuels, according to experts. Although the president-elect is calling for a carbon-free power sector by 2030, gas-fired generation is needed to accommodate growing penetration of intermittent wind and solar energy in…
Growth in Oil Drilling Spurs U.S. Rig Count Higher; Natural Gas Rigs Decrease
Another week of growth in the oil patch lifted the U.S. rig count three units to 323 for the week ending Friday (Dec. 4), according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). The United States saw a net increase of five oil-directed rigs for the week, offsetting a decline…
Latest NGI Hub & Flow Podcast Examines Election Impacts on Natural Gas, Oil Industry – Listen Now
Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI associate editors Kevin Dobbs and Andrew Baker discuss the presidential election and its impacts for the natural gas and oil industry. Dobbs and Baker discuss President-elect Biden’s priorities with respect to energy, climate and infrastructure, as well as…
U.S. Energy Industry Bracing for Change as Biden Becomes President-Elect
Joseph R. Biden Jr. has become the president-elect and will take office in January, heralding a seismic shift in energy and climate policy from the executive branch. However, any major legislation could be stymied by a divided Congress, assuming Republicans retain their majority in the Senate, while executive actions could be challenged by a more…
EOG’s 21 Tcf Natural Gas Discovery in South Texas Competitive with ‘Premium Oil Plays,’ Says CEO
Super independent EOG Resources Inc. has identified 21 Tcf net natural gas resource potential with an estimated 1,250 net locations in the South Texas formations of the Austin Chalk and Eagle Ford Shale. The discovery on the Dorado prospect is in Webb County, where EOG has 163,000 net acres, were in 700 feet of stacked…
Pioneer Natural Sees Federal Oil, Natural Gas Drilling Ban as Biggest Industry Exposure if Biden Hangs On
Permian Basin heavyweight Pioneer Natural Resources Co.’s executive team sees a possible drilling ban on federal property as the biggest exposure facing the oil and gas industry if Joseph R. Biden Jr. hangs on to win the presidency, management said Thursday. Assuming that Republicans maintain a majority in the Senate, there “should be no effect…
ConocoPhillips Touts Concho Tie-Up, but Warns Election Results May Delay Alaska Project
ConocoPhillips swung to a third quarter loss, as oil and gas production curtailments made in response to the coronavirus pandemic’s impact on energy demand curbed revenue. The Houston-based super independent, however, has recovered ground in recent months and is going on offense in the Permian Basin with its planned acquisition of Concho Resources Inc., a…