Sens. John Hickenlooper, D-Colo., and Martin Heinrich, D-N.M. are going after the oil and gas industry again, introducing a bill to end non-competitive leasing of drilling rights on federal land. The two Democrats call it the COMPETES Act which stands for Competitive Onshore Mineral Policy via Eliminating Taxpayer-Enable Speculation. The two senators said the legislation …
Category: Oil & Gas
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** President Joe Biden will restore two sprawling national monuments in Utah that have been at the center of a long-running public lands dispute, and a separate marine conservation area in New England that recently has been used for commercial fishing. Environmental protections at all three monuments had been stripped by former President Donald Trump. ** A …
Men fined for using Oklahoma company’s pipeline for target practice
Two years after two men used a Minnesota pipeline owned by Magellan Midstream Partners of Oklahoma for target practice, causing a massive diesel fuel leak, they were ordered by a federal judge to pay $1.1 million in damages. It was in 2019 when the two men shot at the line causing a leak of …
Oil sees a bounce back and trades at more than $78 in US
Crude oil prices on Thursday managed to bounce back from Wednesday’s weak trading. West Texas Intermediate crude for November delivery went up 87 cents to close at $78.30 a barrel. Global benchmark Brent crude for December delivery also increased 87 cents and finished the day at $81.95 on ICE Futures Europe. After falling on Wednesday, …
Enverus reports drop in U.S. rig count
The U.S. rig count fell by four in the last week to a total of 619 as of Oct. 6, according to Enverus Rig Analytics. The count is up 2% in the last month and up 97% in the last year. The largest week-over-week changes occurred in the Gulf Coast, down three to 71, …
Oil and gas fight returns to OK regulators 15 years later
Fifteen years after a squabble between two energy companies over a pooling order resulted in rulings by the Oklahoma Supreme Court that the Oklahoma Corporation Commission was the court to have final say, the Commission might soon get final say in the case. Oil & Gas Appellate Referee Jan Preslar issued a ruling on …
ONE Gas honored for safety record
For the fourth consecutive year, ONE Gas has received an American Gas Association Safety Achievement Award for its outstanding commitment to employee and vehicular safety. The award was presented at the AGA 2021 Operations Conference General Session Oct. 5 and received by Kent Shortridge, managing vice president of Operations, and Todd Hohn, vice president, Environmental, Health, Safety and …
Northern Oil and Gas expands holdings in Williston
Minneapolis-based Northern Oil and Gas announced it just made a $154 million cash bolt-on acquisition of proved producing properties in North Dakota’s Williston Basin where Oklahoma energy firms have had operations. The acquisition involves non-operated interests across over 400 producing wellbores located primarily in Williams, McKenzie, Mountrail and Dunn Counties in the basin …
Other energy headlines in today’s news
** U.S. Coast Guard investigators have boarded a massive cargo ship as they probe what caused the rupture of an offshore oil pipeline that sent crude washing up on Southern California beaches. ** The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 …
Elk Range Royalties expands holdings in Permian Basin
Elk Range Royalties, LP, a Dallas company with interests in wells throughout Oklahoma’s Anadarko Basin announced it acquired nearly 2,600 acres of Permian Basin royalty interests from an undisclosed seller. The company stated that the cash flow over the last 12 months was $10.8 million and included “top operator exposure to Devon, Pioneer and …