sale

With opponents peacefully protesting, the U.S. Bureau of Land Management (BLM) held a record-breaking $145.6 million oil/natural gas lease sale on Thursday in Roswell, NM.

Western Gulf of Mexico (GOM) Lease Sale 248, which offered 23.8 million acres offshore Texas for oil and natural gas exploration and development, attracted only a handful of bids Wednesday, and — unlike several other recent lease sales — no interruptions by protesters, thanks to a Bureau of Ocean Energy Management (BOEM) decision to broadcast the event live on the internet.

As part of its discussions with a group of noteholders to reach a restructuring agreement outside of court, Stone Energy Corp. disclosed in a regulatory filing this week that it is in negotiations to sell its Appalachian Basin assets.

Newfield Exploration Co. has pushed its Oklahoma’s stacked reservoirs to the head of the line after making a deal to sell almost all of its Texas portfolio, including Eagle Ford Shale and conventional natural gas assets.

The New Mexico office of the Bureau of Land Management (BLM) said it has postponed an oil and gas lease sale of Permian Basin property scheduled for Wednesday until early September on the grounds that it wants to provide adequate public notice of the sale.

Devon Energy Corp. achieved a better-than-expected price for its Access Pipeline system in Canada, freeing up funds to expand U.S. onshore exploration efforts.

The Obama administration said that while it supports the overall goals outlined in a bill that would allow the Department of Interior (DOI) to conduct offshore oil and natural gas lease sales via the internet, it doesn’t think a new system can be in place within a stipulated one-year timeframe.

One day after the chairman of FERC was forced from a stage at an energy meeting in New York, another contingent of “keep it in the ground” anti-fossil fuel development protesters took aim at a U.S. Bureau of Land Management (BLM) lease sale in Colorado on Thursday.

One day after the chairman of FERC was forced from a stage at an energy meeting in New York, another contingent of “keep it in the ground” anti-fossil fuel development protesters took aim at a U.S. Bureau of Land Management (BLM) lease sale in Colorado on Thursday.