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‘Miscommunication’ Halts Ohio Forest Lease Sale

Federal and state officials concede there was a “miscommunication” between them over plans by the U.S. Bureau of Land Management (BLM) to put more than 4,000 acres of a state forest in Ohio up for oil and gas leasing, and the sale has been put on hold.

August 1, 2013

Antitrust Probe of Pressure Pumping Leaders Expands

Baker Hughes Inc. and Halliburton Co. said they have received civil investigation demands (CID) from the Department of Justice (DOJ) to provide documents and information on their pressure pumping businesses.

July 26, 2013
Carrizo’s Eagle Ford Soars Higher

Carrizo’s Eagle Ford Soars Higher

Carrizo Oil & Gas Inc. raised second quarter oil production guidance to 10,800-11,200 b/d from 9,600-10,000 b/d, increased its 2013 crude oil production growth target to 40% from 28% and raised its total 2013 production growth target to 10% from 6%, based largely on results in the Eagle Ford Shale.

June 18, 2013
Wolfberry-Focused Independent Files for $345M IPO

Wolfberry-Focused Independent Files for $345M IPO

Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.

June 7, 2013

Obama Briefed on 2013 Atlantic Hurricane Outlook

Representatives of the oil and natural gas industry were among those gathered at the White House last Thursday to discuss the impacts of Hurricane Sandy on energy interests last year and to brief President Obama on the outlook for the 2013 Atlantic hurricane season, which officially began Saturday (June 1) and continues to Nov. 30.

June 3, 2013

Obama Briefed on 2013 Atlantic Hurricane Outlook

Representatives of the oil and natural gas industry were among those gathered at the White House Thursday to discuss the impacts of Hurricane Sandy on energy interests last year and to brief President Obama on the outlook for the 2013 Atlantic hurricane season, which officially runs June 1-Nov. 30.

June 3, 2013

Two Ultra-Deepwater GOM Projects Launched

Two separate mega projects to develop oil and natural gas resources in the Walker Ridge blocks of the ultra-deepwater Gulf of Mexico (GOM) were sanctioned last week by Royal Dutch Shell plc and partners ExxonMobil Corp. and Statoil ASA.

May 13, 2013
Tuscaloosa Operators Get Severance Tax Break in Mississippi

Tuscaloosa Operators Get Severance Tax Break in Mississippi

Mississippi Gov. Phil Bryant on Tuesday signed into law several energy bills that were passed by state lawmakers this spring, including one piece of legislation that should encourage more development in the emerging Tuscaloosa Marine Shale (TMS), as well as other unconventional oil and natural gas formations.

April 25, 2013

Fuel-Switching Drove CO2 Emissions to Nearly 20-Year Low

Energy-related carbon dioxide (CO2) emissions last year were the lowest in the United States since 1994 at 5.3 billion metric tons due to the increasing reliance on lower-priced natural gas to fuel power generation, according to the Energy Information Administration (EIA). With the exception of 2010, carbon emissions have declined every year since 2007.

April 8, 2013

MDU to Quench North Dakota Diesel Thirst

As part of its proposed joint venture diesel refinery slated to process 20,000 b/d of Bakken crude oil by next year, Bismarck, ND-based MDU Resources Group has a strategy aimed at its exploration and production (E&P) and midstream infrastructure businesses sharing in the continuing boom in its home state.

March 21, 2013
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