Lease

U.S. Justice Department says lease payments for operations on federal and American Indian lands were light for a 10-year period.

A well in the Eagle Ford Shale in South Texas drilled by Pioneer Natural Resources Co. flowed at an initial production rate of 11.3 MMcfe/d, the producer said Monday.

A quarterly oil and natural gas lease sale conducted by the Bureau of Land Management (BLM) last Wednesday netted about $13.3 million in revenues from the sale of leases on 48 federal parcels in New Mexico, Oklahoma, Texas and Kansas.

A quarterly oil and natural gas lease sale conducted by the Bureau of Land Management (BLM) Wednesday netted about $13.3 million in revenues from the sale of leases on 48 federal parcels in New Mexico, Oklahoma, Texas and Kansas.

Recovering from Thursday’s 30-cent swoon and giving the recent rally a second lease on life, October natural gas futures pushed higher again during Friday’s regular session to close at $3.778, up 32 cents from Thursday’s finish and 81.8 cents higher than the previous week’s close.

Central Gulf of Mexico (GOM) Lease Sale 208 went off as planned in New Orleans Wednesday — despite earlier fears among some Republicans of a delay by the Obama administration — and the results of bidding were “good…not great,” said the Minerals Management Service’s (MMS) Lars Herbst, regional director for the GOM.

The Department of Interior’s (DOI) Minerals Management Service (MMS) is readying its first federal Outer Continental Shelf (OCS) oil and natural gas lease sale offshore Alaska in 17 years, but the sale could pit the MMS against another DOI agency that is considering whether to list the polar bear as a threatened or endangered species.

The Minerals Management Service (MMS) in February plans to hold the first oil and natural gas lease sale in the Chukchi Sea Outer Continental Shelf (OCS) offshore Alaska in 17 years, a region estimated to hold 15 bbl of oil and 76 Tcf of gas.

The Minerals Management Service (MMS) in February plans to hold the first oil and natural gas lease sale in the Chukchi Sea Outer Continental Shelf (OCS) in 17 years, a region estimated to hold 15 bbl of oil and 76 Tcf of gas.