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.
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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.
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.
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.
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.
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.
NGI The Weekly Gas Market Report
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.
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.”
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.”
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.