Friday, May 9, 2025
COGCC commissioners unanimously approve Box Elder Comprehensive Area Plan- oil and gas 360

COGCC commissioners unanimously approve Box Elder Comprehensive Area Plan

Oil and Gas 360 DENVER–(BUSINESS WIRE) 11/03/2022– The Colorado Oil and Gas Conservation Commission (COGCC) today approved Civitas Resources, Inc.’s (NYSE: CIVI) Box Elder Comprehensive Area Plan (CAP), making it Colorado’s first CAP approved with preliminary siting. The CAP framework helps identify and progress a more holistic approach to development plans that enables minimization of traffic, surface impacts, time on-site

UAE believes the oil industry is in “Decline Mode”- oil and gas 360

UAE believes the oil industry is in “Decline Mode”

Oil Price Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.   “To assume oil is going to be there forever is wishful thinking,” the UAE’s Energy Minister Suhail Al-Mazrouei said at the ADIPEC energy conference, as carried by Bloomberg. “No matter how much we defend it, it’s in decline mode,” said

KeystoneXL Pipeline could’ve weakened OPEC's bargaining position- oil and gas 360

KeystoneXL Pipeline could’ve weakened OPEC’s bargaining position

Oil Price The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) and is now begging Saudi Arabia and OPEC not to cut oil production. This is a result of the unintended — but predictable — consequences of U.S. energy policy that is often hostile to our domestic energy companies.   Our energy policy is often undermined by well-meaning but