The Texas Supreme Court has denied a request for a rehearing by Chesapeake Energy Corp. regarding a closely watched case that awarded a Fort Worth, TX family at least $1 million in royalties, interest and attorneys’ fees for natural gas wells drilled in the Barnett Shale. The denial effectively brings the case to an end.
Lease
Articles from Lease
BLM Postpones Third Montana Lease Sale in Three Months
The U.S. Bureau of Land Management (BLM) in Montana has postponed a Jan. 26 oil and natural gas lease sale in Billings, MT, the third time since November the agency has delayed an auction (see Daily GPI, Dec. 7, 2015; Nov. 17, 2015).
January 19, 2016
House Reps Urge BLM to Move Oil/Gas Lease Sales Online
Fifteen members of the U.S. House of Representatives on Wednesday wrote the Department of Interior (DOI), urging that its Bureau of Land Management (BLM) move its quarterly oil and natural gas lease sales to the Internet. Currently they are conducted face-to-face in BLM field offices.
December 18, 2015
NGI The Weekly Gas Market Report
Mexico Holds Most Successful Oil/Gas Lease Auction to Date
The Mexican government said its third auction to offer oil and natural gas lease blocks for development was its most successful to date, with peak production from the 25 onshore fields expected to reach 77,000 boe/d and bring in $1.1 billion of investment over the next 25 years.
December 16, 2015
Postponed November Utah BLM Oil, Gas Auction Back on the Schedule
The Bureau of Land Management (BLM) in Utah has rescheduled its postponed November oil and natural gas lease sale for Feb.16, combining it with another sale already scheduled for that month.
December 9, 2015
BLM Postpones Second Oil, Gas Lease Sale
For the second time in less than a month, the Bureau of Land Management (BLM) has postponed an oil and gas lease sale, this time for parcels in Arkansas and Michigan.
December 7, 2015
Interior Doesn’t Shut Door on Future Arctic Exploration
The Obama administration on Friday imposed more barriers to explore for oil and natural gas offshore Alaska, angering state officials, legislators and industry groups, but the Department of Interior indicated that it hasn’t ruled out future exploration activity.
October 19, 2015
Low Commodity Prices Weigh Heavily on Western GOM Lease Sale
Only five producers participated in the federal Gulf of Mexico (GOM) oil and gas auction on Wednesday, the lowest number of bidders since area leasing began in 1983, a top official said.
August 19, 2015
New Mexico Earns $15.4M in Lease Sale; Fourth-Highest Ever
New Mexico’s State Land Office cleared $15.47 million from an oil/natural gas lease sale Tuesday, marking the fourth-highest oil/gas lease sale in the state’s history and showing the current low commodity price environment has not dampened longer-term development prospects.
July 24, 2015
BLM Utah Lease Sale Proceeds Plunge
The Bureau of Land Management’s (BLM) Utah office in Salt Lake City said the results of its latest quarterly oil and natural gas lease sale showed significantly lower proceeds and activity than a year earlier.Separately, a previously scheduled auction in August has been canceled to combine with one planned in November.
May 20, 2015
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