(World Oil) – Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes’ surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake. The joint venture will operate independently from Cactus’ existing Pressure Control
(Oil Price) – The House Natural Resources Committee is preparing to launch an overhaul of oil and gas drilling legislation in a bid to boost drilling activity on federal lands via a surge in lease sales in key producing regions. The changes are set to become part of the budget reconciliation bill to be discussed at a hearing later today. After
World Oil (Bloomberg) — President Joe Biden’s administration is dramatically curtailing U.S. public land available for new oil and gas development as it seeks to impose more environmental protections and financial limitations on the activity. The shift is part of a Bureau of Land Management plan to resume selling drilling rights on government-managed federal lands concentrated in the western U.S.
BOE Report Publisher’s Note: Kathleen Sgamma will be presenting at EnerCom’s The Oil & Gas Conference in August. U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions. Some options, they said, include
Thousands of acres locked up by big companies with no drilling lowers our values, mineral owners say From the Casper Star-Tribune Sparked by a permitting war among Wyoming’s oil and gas producers, mineral owners in eastern Wyoming say they are banding together in defense, pushing for changes to Wyoming’s drilling rules and regulations. The Wyoming Mineral and Surface Owners Association
Labour Party of Norway Commits to Permanently Banning Oil Exploration in Norwegian Arctic
From Lexology by Littler Mendelson PC On February 28, 2019, the United States Court of Appeals for the Fifth Circuit issued an important decision involving whether contract workers in the oil patch were entitled to overtime. In William Parrish, et al. v. Premier Directional Drilling, L.P., No. 17-511089, the Fifth Circuit reversed a trial court decision and rendered judgment in favor
Final draft of proposed rulemaking: new setback specifically addresses schools It’s been a little more than a month since a citizen-led proposal called Proposition 112 would have imposed a blanket 2,500-foot setback on just about all new oil and gas development on private and state land throughout Colorado. If the measure had passed, new drilling permits would have come to
If Proposition 112 passes and Jared Polis is elected governor, what might be in store for Colorado oil & gas development in the years ahead? If Colorado voters follow suit with the results of a recent University of Colorado-backed online poll, a long-lasting and painful punch could be landed directly on the jaw of Colorado’s oil and gas industry in
Another 2,500 setback initiative The climate activist groups 350.org and Colorado Rising, a coalition of grassroots groups and activists who worked on 2016’s unsuccessful ballot initiative to amend the Colorado constitution with mandatory 2,500-foot setbacks for oil and gas operations in Colorado, are preparing to launch what they described as “a successful ballot initiative effort in 2018 armed with all
No slowdown for the Permian Everybody is getting into the action in the Permian basin and in the Delaware portion of the basin in particular. Even Norway’s TGS-NOPEC Geophysical Company (ticker: TGS) has landed in the Permian. TGS announced today that it has commenced field operations on the West Kermit 3D seismic survey in the Delaware Basin. The project will encompass a
Final Notice of Sale announces lease terms for available acreage offshore Louisiana, Mississippi and Alabama – Lease Sale Number 247 is Mar. 22, 2017 Two days after President Obama used his pen to indefinitely ban most of the Arctic and some of the Atlantic to oil and gas drilling, the Bureau of Ocean Energy Management (BOEM) announced its Notice of
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