Leases

GOM Region-Wide Sale to Offer 14,700 Blocks in Shallow, Deepwater

GOM Region-Wide Sale to Offer 14,700 Blocks in Shallow, Deepwater

The Interior Department’s Bureau of Ocean Energy Management next month plans to offer 78 million acres for oil and natural gas prospecting in the Gulf of Mexico (GOM), basically all available unleased areas in federal waters.

February 19, 2019
Utah Oil, Gas Lease Sale Nets $3M

Utah Oil, Gas Lease Sale Nets $3M

The Bureau of Land Management (BLM) in Utah reported net proceeds of slightly more than $3 million from an oil and natural gas auction this month that drew bids on 96 of 105 parcels offered.

December 12, 2018

West Virginia Files to Dismiss EQT Lawsuit on Flat-Rate Leases, Royalties

West Virginia has filed a motion to dismiss EQT Corp.’s federal lawsuit challenging the state’s flat-rate lease statute, arguing that the state can’t be coerced by the company to reverse its laws.

June 6, 2018

EQT Suing West Virginia Over Flat-Rate Leases, Royalties

EQT Corp. has filed a lawsuit in federal court arguing that West Virginia’s flat-rate lease statute is unconstitutional. Legislators last month passed a bill prohibiting post-production expenses from being deducted from flat-rate royalties.

April 16, 2018

BLM Nets $1M-Plus in Ohio, Louisiana Lease Sales

The U.S. Bureau of Land Management (BLM) auctioned more than 1,184 acres last week for oil and natural gas development in Ohio’s Wayne National Forest (WNF) and Louisiana’s Kisatchie National Forest (KNF), bringing in more than $1 million that is to be split between the federal and state governments.

December 20, 2017

Enviros Declare Victory as Court Panel Tosses BLM Leasing Approval on ‘Irrational’ Assumption

A circuit court ruling issued last Friday regarding potential mining in Wyoming may provide ammunition to groups challenging environmental reviews of oil, gas and coal leases for not considering the impacts on climate change.

September 18, 2017

Pennsylvania Landowners Resisting Arbitration in Another Chesapeake Royalties Lawsuit

Hundreds of landowners from Northeast Pennsylvania asked a federal court this month to deny motions filed by Chesapeake Energy Corp., Anadarko Petroleum Corp., Williams Partners LP and other companies to arbitrate their antitrust claims outside of court and dismiss parts of their complaint.

June 9, 2017

Texas Oilman Challenges BLM Over Cancellation of Montana Oil, Gas Leases

A billionaire Texas independent oilman from Fort Worth is suing the federal government over the cancellation of a long-term oil/natural gas lease in the Badger-Two Medicine region in Montana, where the Obama administration in its final days bowed to concerns of the Blackfeet Nation.

April 25, 2017
BLM Cancels Final Two Disputed Leases in Northwest Montana

BLM Cancels Final Two Disputed Leases in Northwest Montana

The Bureau of Land Management (BLM) on Tuesday canceled the final two oil and natural gas leases in the Badger-Two Medicine area in northwest Montana on lands the Blackfeet Nation considers sacred.

January 11, 2017

Lucas Energy Enters Permian Basin, Targeting San Andres Play

Lucas Energy Inc. is acquiring a Texas Permian Basin leasehold position from an unnamed Houston-based oil and natural gas holding company. The deal marks the company’s entry into the hot West Texas/New Mexico play.

January 3, 2017