~$1 billion transaction to boost PBF’s production volume by 157,000 BOPD PBF Energy Inc. (stock ticker: PBF) has signed an agreement with Equilon Enterprises LLC d/b/a Shell Oil Products US to purchase the Martinez refinery, located in Martinez, California, for approximately $1 billion. Depending when the deals closes, that figure could vary, perhaps dipping slightly to $900 million. As of
High court reverses appeals court on view of COGCC permitting priorities On Monday, the Colorado Supreme Court issued its decision on the high-profile case brought to the state judicial system by a group of youth petitioners who sought to stop oil companies from being given drilling permits unless the Colorado Oil & Gas Conservation Commission and the drilling applicants could
From Law360 Pittsburgh (October 25, 2018, 8:58 PM EDT) — The Pennsylvania Supreme Court’s recent ruling reaffirming constitutional protections on clean air, pure water and environmental preservation continues to confound oil and gas operators as they try and determine how it could impact their activities, according to a panel of attorneys speaking at an industry conference in Pittsburgh. The high
From Townhall/AP SEATTLE (AP) — The U.S. Supreme Court on Friday temporarily blocked a high-profile climate change lawsuit brought by young activists who accuse the federal government of violating their constitutional rights with policies that have caused a dangerous climate. Chief Justice John Roberts signed an order freezing the trial that was set to start in 10 days in federal
Just 500 feet from the courthouse, a pro-oil rally at the capitol steps asked people to “Vote No on Proposition 112” Below: summary of the Martinez case and breakdown of the oral arguments It was a busy day for oil and gas in Colorado on Oct. 16. At lunchtime, several hundred industry supporters joined a ‘Mayors Against Proposition 112’ rally
Colorado oil and gas regulation: is the State’s task to balance oil & gas development with public health, safety and welfare? Colorado’s high court will soon hear oral arguments in a case whose outcome could reshuffle the criteria the COGCC must use in granting permits to drill oil and gas wells Fall of 2018 will be remembered as the season
Legal process could take a year or more at Colorado high court The Colorado Alliance of Mineral and Royalty Owners (CAMRO) has filed an amicus curiae brief discussing how the desired changes sought out in the Martinez case would affect royalty owners in Colorado. In April the Colorado high court accepted the CAMRO amicus brief. “I am pleased to let
Case background The beginning of the Martinez v. COGCC case dates back to November 15, 2013, when petitioners Xiuhtezcatl Martinez, Itzcuahtli Roske-Martinez, Sonora Brinkley, Aerielle Deering, Trinity Carter, and Emma Bray, minors appearing by and through their legal guardians Tamara Roske, Bindi Brinkley, Eleni Deering, Jasmine Jones, Robin Ruston, and Diana Bray, petitioned the Colorado Oil and Gas Conservation Commission
Oil & Gas 360® has learned that the Colorado Supreme Court will hear the opening briefs for Martinez v. COGCC (docket number 2017SC297) on April 2, 2018. It’s a meaningful case because the outcome could force a change to the criteria which Colorado’s oil and gas regulator—the Colorado Oil and Gas Conservation Commission (COGCC)—must use when approving or denying permits
On March 7, 2018, an important bill that would likely change how oil and gas operations are permitted and regulated in the state has made it through the Colorado House and is headed to the Senate. The bill, the HB18-1071, Regulate Oil Gas Operations Protect Public Safety, barely passed through the House with opposition on both sides of the aisle,
Martinez case could force the state to prioritize health and safety over drilling rights From Times-Call/Denver Post The state’s highest court announced Monday that it will review the Colorado Court of Appeals’ ruling in favor of the plaintiffs in what’s commonly referred to as the Martinez case, a lawsuit headed up by a Boulder teen Xiuhtezcatl Martinez. Six youth, including Xiutezcatl Martinez,
Direction of state’s oil and gas regulator awaits high court review of Martinez decision In May, the Colorado Attorney General petitioned the Colorado Supreme Court to review the appellate court’s ruling in the case of Martinez v. Colorado Oil and Gas Conservation Commission, after the appeals court overturned a lower court ruling. The lower court ruling favored the Colorado Oil
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