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BLM Amends Oil Shale Rule to Boost Royalties, Environmental Protections

BLM Amends Oil Shale Rule to Boost Royalties, Environmental Protections

After nine years of consideration, the Interior Department’s (DOI) Bureau of Land Management (BLM) released a final rule Tuesday, amending federal regulations to ensure that adequate royalties and environmental protections are in place for any future oil shale development on public land.

January 13, 2017

Former MarkWest CEO Chastises Marathon Petroleum Plans For Midstream Business

MarkWest Energy Partners LP co-founder and former CEO John Fox has sent a letter to Marathon Petroleum Corp. (MPC) urging against its plans for the accelerated dropdown of refining assets to its midstream partnership, MPLX LP.

January 12, 2017

States Urge Trump Administration to Begin Scrapping CPP ‘On Day One’

Officials from 24 states opposed to the Environmental Protection Agency’s (EPA) proposed Clean Power Plan (CPP) have written a letter to the incoming Trump administration, urging it to scuttle the plan shortly after the president-elect takes office next month.

December 16, 2016
Noble Energy Forecasting 15% Growth in U.S. Onshore Oil Output in 2017

Noble Energy Forecasting 15% Growth in U.S. Onshore Oil Output in 2017

Noble Energy Inc. took the downturn and created an uplift in opportunities to provide a platform for growth over the next four years, the Houston independent’s management said Wednesday.

November 17, 2016

Goodrich Emerges From Chapter 11 With Same Assets, Less Debt, New Board

Houston-based Goodrich Petroleum Corp. has emerged from bankruptcy protection with the same assets it had when it filed for Chapter 11 in April, but with reduced debt, a new board of directors and $40 million in new capital.

October 13, 2016

Mixed Reaction to BLM’s Proposed Southwestern Colorado Master Leasing Plan

The Bureau of Land Management (BLM) is expected to propose a master leasing plan (MLP) in October for the Tres Rios region in southwestern Colorado that would include provisions allowing oil and natural gas development, but some local industry are skeptical about the prospect.

September 28, 2016
California Outlines Winter Reliability Plan With Gas Storage Limits

California Outlines Winter Reliability Plan With Gas Storage Limits

California’s major energy agencies on Monday released a draft winter reliability plan to respond to the continuing natural gas storage limitations in the state. The plan assumes that “normal winter demand” can be met by the three other storage facilities in the region.

August 23, 2016
Industry Says BLM Moab Master Leasing Plan ‘Shutting Down Development’

Industry Says BLM Moab Master Leasing Plan ‘Shutting Down Development’

The Interior Department’s Bureau of Land Management (BLM) released a proposed plan that it said provides a balance between energy development and conservation for an area of southeastern Utah, but the oil and gas industry slammed it as “redundant.”

July 26, 2016
BLM Unveils Master Leasing Plan For Utah Canyon Areas

BLM Unveils Master Leasing Plan For Utah Canyon Areas

The Interior Department’s Bureau of Land Management (BLM) released a proposed plan that it said provides a balance between energy development and conservation for an area of southeastern Utah, but the oil and gas industry slammed it as “redundant.”

July 22, 2016
Maine Regulators Vote For Pipeline Capacity Plan

Maine Regulators Vote For Pipeline Capacity Plan

Utility regulators in Maine approved a plan to support development of natural gas pipeline capacity — at ratepayer expense — to serve the state as long as other New England states join the effort.

July 21, 2016