Oil And Gas

The Department of Interior (DOI) said it is relocating the headquarters for the Bureau of Land Management (BLM) back to Washington, DC, from Grand Junction, CO. The DOI said “following years of transition and upheaval among the workforce” the change would “enable the bureau to better serve the American public and fulfill its mission as…

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, federal researchers said Monday. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, indicated that gas production is predicted to increase in October from…

“There’s been a lot of talk about a downturn in the Mexican energy industry but I don’t necessarily see it that way. There are plenty of gems that are there for the taking in Mexico if you know where to look,” said Dino Barajas, partner at the law firm DLA Piper. “As a potential investor,…

The U.S. natural gas rig count slid one unit to 101 for the week ended Friday (Sept. 10), while a partial post-Ida recovery in the Gulf of Mexico (GOM) helped lift the overall domestic drilling tally six units to 503, the latest figures from oilfield services provider Baker Hughes Co. (BKR) show. Offsetting the one-rig…

Anadarko Basin-focused BCE-Mach III LLC is beefing up its natural gas-weighted assets with a deal to add 18,200 net acres and 17 MMcfe/d to its portfolio amid high commodity prices.  The company, a partnership of Houston-based Bayou City Energy Management LLC and Oklahoma City-based Mach Resources LLC, said this week it recently closed on the…

A week after the Gulf of Mexico (GOM) saw its rig count flatline, a partial recovery in offshore activity helped lift the overall U.S. drilling tally six units higher to 503 as of Friday, according to the latest data from Baker Hughes Co. (BKR). Seven oil-directed rigs were added in the United States for the…

Mexico’s energy sector has faced a difficult past three years which have seriously dented investor appetite, but the country still offers opportunities and the future could be bright, industry insiders said Tuesday at the Mexico Gas Summit hosted by Industry Exchange LLC in San Antonio, TX. The Woodrow Wilson International Center’s Duncan Wood said that…

Nearly 130 business and labor groups led by the American Petroleum Institute (API) are urging Congress to oppose a proposed tax on oil and gas methane emissions and instead push for direct federal regulation. Senate Democrats are considering the Methane Emissions Reduction Act of 2021 for inclusion in their $3.5 trillion budget reconciliation bill.  Introduced…

U.S. drilling permit activity slumped across the major Lower 48 basins in August, up sharply from a year ago but down from 2019 levels, according to Evercore ISI. The Evercore team led by analyst James West compiles a monthly report about drilling activity using state and federal data. Permits are usually requested by producers three…