BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.
SandRidge, the Oklahoma City-based producer, had about 90 percent of its oil and natural gas liquids output hedged in early 2015, according to a regulatory filing. Next year, the hedges cover less than a third.
Marking a significant step toward eventual oil drilling off the East Coast, the Interior Department is set to soon publish a final assessment of the environmental effects of a new generation of seismic research in U.S. Atlantic waters in February.
The Fayetteville Shale in Arkansas will be one of the nation’s most prolific regions for natural gas production, with reserves that can be economically extracted through 2050, according to a study released this week.
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