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Aethon Energy, Burlington Resources Get Green Light to Develop 4,250 Wells as Part of Moneta Divide Project

Aethon Energy, Burlington Resources Get Green Light to Develop 4,250 Wells as Part of Moneta Divide Project

The U.S. Department of the Interior’s Bureau of Land Management (BLM) said it approved the development of up to 4,250 oil and gas wells for the Moneta Divide Project in Wyoming. The project stretches across more than 327,000 acres of mostly public lands. Aethon Energy Management and Burlington Resources Oil and Gas Company LP proposed…

August 10, 2020
Canada Oil, Gas Drilling in Modest Recovery, but Covid-19 Saps Expectations

Canada Oil, Gas Drilling in Modest Recovery, but Covid-19 Saps Expectations

Canadian oil and gas drilling has begun to recover, but it remains well below expectations before the Covid-19 pandemic inflicted a near total halt on field activity. As of this week the Canadian Association of Oilwell Drilling Contractors (CAODC) reported 42 rigs in action including 31 in Alberta, eight in British Columbia (BC) and three…

July 24, 2020
Wyoming’s Declining Fossil Fuel Revenue Contributes to $1B Budget Deficit

Wyoming’s Declining Fossil Fuel Revenue Contributes to $1B Budget Deficit

Facing a $1 billion budget deficit in part linked to a decline in revenue from the energy sector, Wyoming Gov. Mark Gordon has ordered a 10% budget cut across the board. Given the budget challenges from the coronavirus and the economic slowdown, “the quicker we act, the greater ability the state will have to minimize…

July 15, 2020