Judge Richard Leon of the US District Court for the District of Columbia has restored an oil and natural...
Judge Richard Leon of the US District Court for the District of Columbia has restored an oil and natural gas lease and drilling permit on 6,200 acres of land in northwestern Montana that is sacred to the Blackfeet Nation. The judge ruled that the Obama-era Interior Department wrongfully canceled the lease, originally granted in 1982 to Louisiana-based Solenex.
Okla. company extracting more oil from legacy rock
Lynx Oklahoma Operating is using modern, unconventional technology for horizontal drilling in legacy...
Lynx Oklahoma Operating is using modern, unconventional technology for horizontal drilling in legacy rock in the Anadarko Basin, writes Chief Operating Officer Matthew Hatami. Many legacy Hoxbar Marchand vertical wells the company is targeting "are marginal vertical producers and vertical wells drilled but never completed for various reasons," Hatami writes.
The Interior Department on Monday announced beefed-up regulations for offshore oil and natural gas drilling,...
The Interior Department on Monday announced beefed-up regulations for offshore oil and natural gas drilling, including tougher standards for blowout preventers and a requirement that operators send data about equipment failures directly to the Bureau of Safety and Environmental Enforcement. In response, American Petroleum Institute Vice President of Upstream Policy Cole Ramsey said, "The politicization of this rule and subsequent shift in policy from administration to administration only increases uncertainty for producers and fails to meaningfully improve offshore safety."
The system is expected to approach the Leeward Islands on the eastern edge of the Caribbean by the end of the week. It currently has a 40% chance for development over the next five days.
Oil prices attempt 4th straight rise as supply worries move back into focus
Oil futures rose Tuesday, finding support as concerns around the supply outlook moved back into focus...
Oil futures rose Tuesday, finding support as concerns around the supply outlook moved back into focus and the U.S. dollar continued its pullback from multidecade highs.
West Texas Intermediate crudefor October delivery CL.1, -0.17% rose $1.28, or 1.5%, to $89.06 a barrel on the New York Mercantile Exchange.
November Brent crudeBRN00, -0.60%BRNX22, -0.61%, the global benchmark was up $1.31, or 1.4%, at $95.31 a barrel on ICE Futures Europe.
Back on Nymex, October gasolineRBV22, 0.84% jumped 2.5% to $2.505 a gallon, while October heating oil HOV22, -0.27% was up 0.9% at $3.636 a gallon.
October natural gasNGV22, 0.72% rose 0.8% to $8.313 per million British thermal units.
