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A federal judge has ruled in favor of continuing the Department of Interior's Gulf of Mexico (GOM) lease sales, despite claims by environmental groups that questioned offshore conditions following the Macondo well blowout in 2010.

Consol Energy Inc. on Friday said its fourth quarter earnings were a preview of how the company will grow in the next three years, billing them as the first strong indicator of how the company will perform financially in the post-coal era.

A total of 92 bids were entered in a pair of North Slope oil and gas lease sales in Anchorage Wednesday and the state netted $5.6 million, the Alaska Department of Natural Resources (DNR) said.

Approach Resources Inc. is selling its 50% interest in an oil pipeline system in the southern Midland Basin for proceeds of $108 million.

The Western Gulf of Mexico (GOM) Lease Sale 233, which offered for bid 20.7 million acres offshore Texas, yielded fewer offers and lower total high bids than in the past, with 12 operators making 61 offers for 53 blocks that covered just more than 300,000 acres, Bureau of Ocean Energy Management (BOEM) officials said Wednesday.

Royal Dutch Shell plc, which earlier this month launched a review of its entire North American portfolio, is selling some of its operations in northwestern Colorado’s Niobrara formation, according to a spokeswoman.

Nearly one year after it started looking for buyers for some of its acreage in Ohio’s Utica Shale, EV Energy Partners LP (EVEP) and its partnerships have made their first sale, agreeing to part with 22,535 net acres in the wet gas window for $284.3 million, the company said Friday.

Golden Pass Products LLC and its backers, Qatar Petroleum International (QPI) and ExxonMobil Corp., have struck a framework agreement for the sale of potentially the full 15.6 million tonne per annum (mtpa) output of the proposed Golden Pass natural gas liquefaction and export project in Sabine Pass, TX.

Chesapeake Energy Corp. on Friday agreed to sell an estimated 99,000 net acres in southwestern Pennsylvania, including 10 wells, to EQT Corp. for $113 million, which puts the sale price at roughly $876/acre.