Posts filtered on Tag


(AP Photo/Eric Gay, File)

BLM moves forward with plan to crack down on venting and flaring

A plan to curb natural gas venting and flaring at wells on public land is now being scrutinized in an interagency review process, teeing the proposal up for possible release later this year.
Money Roll

Royalty checks shrink as oil, gas prices tumble

Land owners who leased their property to drillers during the oil and gas boom with the promise of steady income are feeling the pinch, the Dallas Morning News reported
Chevron's massive deep water offshore platform heads to the Gulf of Mexico. The project was slated to start production this year, but that's been delayed after several subsea installation tendons sustained damage. (Chevron)

Liberal group says White House should use Gulf of Mexico auction to secure parks spending

Preserving the 50-year-old Land and Water Conservation Fund that pays for parks and public spaces requires a “bold fight” by the Obama administration, the Center for American Progress argues. The program, which is mostly funded by offshore oil and gas revenue, is set to expire in September.

Coastal states launch new bid for offshore drilling dollars

Senators from Texas, Alaska and other coastal states have launched a fresh campaign to siphon off more of the revenue that flows to the federal government from offshore drilling.
(AP Photo/Pablo Martinez Monsivais)

Obama moves forward on new oil and gas rules for public lands

The Bureau of Land Management’s announcement that it would be proposing changes — and inviting public comment on the scope of them — marks the first major effort in decades to update onshore royalty rates that are among the lowest in the world.
(Photo by Andrew Burton/Getty Images)

Texas producers paid record amont of state and local taxes last year

The figures come at a time when the energy sector is dramatically slowing its activity in Texas amid falling oil prices, prompting some concern about whether public entities that have grown accustomed to oil money could feel the pinch as production slows.
(AP Photo/Mandel Ngan, Pool)

Obama budget would slash oil tax breaks while boosting renewables

In his $4 trillion budget request to Congress, Obama also says he wants to change the way money from offshore oil and gas production is shared with Gulf Coast states, by diverting more of those dollars to national programs with “broad” natural resource and conservation benefits.
(Eddie Seal/Bloomberg)

Timeline slips for some oil and gas regulations

Here’s an overview of what’s coming and when in Obama administration rules for the oil and gas industry.
(Daniel Acker/Bloomberg)

Poll: Public wants action on flaring

The oil industry’s practice of burning or releasing natural gas from wells where crude is the big moneymaker is unpopular in several western states, according to a poll released

West Virginia opens bids on drilling under Ohio River

Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.