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360 Articles

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

$700 million investment addresses growth in the region and expected future energy demand  Project benefited 150 companies, contributed $12 million to local subcontractors A new 750-megawatt combined-cycle natural gas plant at the W.S. Lee Station in Anderson County, S.C., began generating gas-fired power for Duke Energy (ticker: DUK) customers last week in South Carolina and North Carolina. Construction of the $700 million plant started in March 2015. Duke said[Read More…]

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak submits 4th Draft of Comprehensive Drilling Plan to COGCC Crestone Peak Resources, the privately held DJ Basin operator that is developing Encana’s former assets in in Northern Colorado, is getting a little closer to planting its flag on three planned drill pads in Boulder County. Developing the Encana DJ Basin assets Crestone Peak was formed in 2015 through[Read More…]

April 6, 2018 - 2:23 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics, Regulatory
Source: Cheniere

LNG and Steel: Tariffs Could Lower Competitiveness of U.S. NatGas Exports – Trade Group

Steel, aluminum tariffs take effect March 23 When Shell (ticker: RDS.A) released its 2018 LNG Outlook in late February, the global oil and gas major said that surging global LNG demand could lead to possible shortages in the Mid-2020s. Shell said based on current demand projections, it sees a potential for a supply shortage developing in mid-2020s, unless new LNG production[Read More…]

March 16, 2018 - 3:09 pm 360 Articles, Closing Bell Story, LNG, Regulatory
Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt. Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, Reuters reported in December 2017. Big businesses in the country have also poured money into the bonds, hoping to capitalize[Read More…]

Colorado Governor John Hickenlooper

Colorado Bill that Codifies Martinez Appeals Court Outcome Passes House, Heads to Senate Committee

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,[Read More…]

March 6, 2018 - 5:53 pm 360 Articles, Closing Bell Story, E&P, Regulatory
Climate Movement Sends Highly Organized Members to Colorado Caucuses

Climate Movement Sends Highly Organized Members to Colorado Caucuses

Securing political support for 2,500 foot drilling setbacks, abolishing the COGCC, removing public funds from banks who make loans to fossil fuel companies  The movement against shale development has progressed considerably beyond a group of activists holding signs and shouting anti-fracing slogans in front of the capitol. The “climate justice” movement, which calls its goal of replacing fossil fuels with[Read More…]

March 6, 2018 - 2:50 pm 360 Articles, Closing Bell Story, Fracing, Politics, Regulatory
Source: University of Colorado

Wattenberg: Boulder County Files for Dismissal of 8 North’s Additional Density Applications

Colorado county adjacent to Weld is fighting to stop oil and gas development on its side of the line In the Wattenberg field, Boulder County has filed motions to dismiss 8 North LLC’s applications for additional density, arguing that the COGCC cannot grant them when the drilling and spacing units have not yet been established and the authorized well for[Read More…]

December 8, 2017 - 5:51 pm 360 Articles, Closing Bell Story, E&P, Regulatory
Lynn Helms, Director of North Dakota DMR 
Photo Credit: Prairie Biz

N.D. Supreme Court Upholds State’s Million-Dollar Oilfield Saltwater Dumping Penalty

The North Dakota Supreme Court today ruled in favor of the North Dakota Industrial Commission, Oil and Gas Division (OGD) regarding a case seeking a civil penalty plus costs and expenses from Black Hills Trucking (BHT) for illegally dumping saltwater in 2014. The Commission sought $950,000 in penalties from BHT for illegally releasing saltwater from a truck on three different[Read More…]

December 7, 2017 - 5:54 pm 360 Articles, Closing Bell Story, E&P, Oilfield Services, Regulatory
CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I (ticker: CBI) won a contract for more than $95 million from the Aramco-Shell JV – Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. “The relationship between CB&I and SASREF extends back for more than a decade, and[Read More…]

December 7, 2017 - 2:31 pm 360 Articles, Closing Bell Story, Downstream, Regulatory
Davis Refinery Aerial View

Source: Meridian Energy

Bakken: Davis Refinery Update

The plant will have emissions so low it won’t require an EPA permit – Meridian Energy Group, Inc. Davis Refinery 49,500 bpd state-of-the-art crude oil refinery, over 700 acres of land near Belfield, N.D. The Burlington Northern Santa Fe rail line runs directly through the refinery site, facilitating the construction of a crude oil feedstock offloading and refined fuels uploading[Read More…]

December 6, 2017 - 5:16 pm 360 Articles, Closing Bell Story, Energy News, Regulatory
Source: U.S. Energy Information Administration and IHS Market

FERC Gets Back to Work Reviewing Pipeline Applications, and There Are Plenty of Them

Several key new projects approved in Northeast Utica and Marcellus; 50 more in process Without pipelines to take Marcellus and Utica natural gas and liquids production to the markets that need the gas, the shale boom stagnates—it’s been a problem in the Northeast since shale gas drilling took off over a decade ago. But with the loud cry for takeaway[Read More…]

October 30, 2017 - 4:50 pm 360 Articles, Closing Bell Story, LNG, Midstream, Regulatory
A Wattenberg Victory: Extraction Oil & Gas Receives Approval from Broomfield

A Wattenberg Victory: Extraction Oil & Gas Receives Approval from Broomfield

Extraction went far beyond what state law requires to gain local approval of a well development plan within Broomfield city and county limits Wattenberg-DJ operator Extraction Oil & Gas, Inc. (NASDAQ:XOG) has received approval for its Operator Agreement with the City and County of Broomfield, Colorado, the company announced today. The Broomfield City Council approved the company’s development plan after a year-long[Read More…]

EPA Boss Ends “Sue & Settle” Environmental Policymaking

EPA Boss Ends “Sue & Settle” Environmental Policymaking

“The days of regulation through litigation are over,” – EPA Administrator Scott Pruitt EPA Administrator Scott Pruitt issued an Agency-wide directive today designed to end “sue and settle” policymaking practices within the EPA. The boss of one of the government’s most powerful regulating bodies initiated a plan that delivers an unprecedented level of public participation and transparency in EPA consent[Read More…]

October 17, 2017 - 4:43 pm 360 Articles, Closing Bell Story, Law, Regulatory
EPA Chief Pulls Plug on Clean Power Plan

EPA Chief Pulls Plug on Clean Power Plan

For coal the damage is already done, plants are switching to natural gas Today U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt issued a Notice of Proposed Rulemaking (NPRM) that proposes to repeal the prior administration’s Clean Power Plan (CPP). “After reviewing the CPP, EPA has proposed to determine that the Obama-era regulation exceeds the Agency’s statutory authority,” the agency[Read More…]

TransCanada Axes Two Pipeline Projects

TransCanada Axes Two Pipeline Projects

Energy East and Eastern Mainline applications withdrawn by TransCanada TransCanada Corporation (ticker: TRP) said in a press release today that it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. TransCanada President and Chief Executive Officer Russ Girling put out a statement saying that TransCanada would inform the National Energy Board that it would[Read More…]

October 5, 2017 - 4:13 pm 360 Articles, Canada, Closing Bell Story, Midstream, Regulatory
Source: University of Colorado

Commissioners Warn Boulder County Residents that Oil Companies are Making Plans to Drill

Extraction’s 8 North LLC and Crestone Peak Resources have submitted drilling plans to the state to start developing Boulder County Wattenberg assets; commissioners “are very concerned” In a county that is host to a symposium this weekend called “Warrior Principle, Climate Action,” it is not a total surprise that the Boulder County Commissioners sent out a county-wide email this week[Read More…]

September 15, 2017 - 4:57 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Will Enbridge’s Line 3 become the Next Keystone XL?

Will Enbridge’s Line 3 become the Next Keystone XL?

Minnesota Commerce Dept. sees no need for Enbridge’s Line 3 Replacement Pipeline Project The Line 3 Replacement Program is a multi-billion dollar private investment consisting of 1,031 miles of 36-inch diameter pipeline beginning in Hardisty, Alberta and ending in Superior, Wisconsin; it is one of North America’s largest infrastructure programs: Enbridge  Calgary-based energy transportation giant Enbridge (ticker: ENB) has said[Read More…]

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Sabal Trail: court requires FERC to account for GHG impact from pipeline’s downstream gas users On August 22, 2017, the United States Court of Appeals serving the District of Columbia circuit granted the petition for review in the case of Sierra Club v. the Federal Energy Regulatory Commission (FERC) and Duke Energy. “The petition for review in No. 16-1329 is[Read More…]

House Passes Two Bills to Overhaul Oil & Gas Pipeline Permitting

House Passes Two Bills to Overhaul Oil & Gas Pipeline Permitting

The House of Representatives has passed two energy bills that introduce targeted reforms to the federal government’s permitting and siting policies for oil and natural gas pipelines. The House today passed the following bills: H.R. 2883, Promoting Cross-Border Energy Infrastructure Act, authored by committee members Rep. Markwayne Mullin (R-OK) and Rep. Gene Green (D-TX), would: Replace the Presidential Permitting approval[Read More…]

July 20, 2017 - 3:44 pm 360 Articles, Closing Bell Story, Midstream, Regulatory
BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of Mexico for lease for the purpose of oil and gas exploration. The acreage lies off the coast of Texas, Louisiana, Mississippi,[Read More…]

July 17, 2017 - 4:38 pm 360 Articles, Closing Bell Story, E&P, Offshore, Politics, Regulatory
NOAA Study: Agriculture and Wetlands Triggered Earth’s Methane Rise—Not Oil & Gas Operations

NOAA Study: Agriculture and Wetlands Triggered Earth’s Methane Rise—Not Oil & Gas Operations

After a decade of blaming oil and gas drilling, turns out cows and rice are among primary culprits: NOAA Recent increases in atmospheric methane are not because of fossil fuels after all, according to a recent release from the National Oceanic and Atmospheric Administration (NOAA). After rising for almost two decades, atmospheric methane concentrations were essentially flat from 1999 to[Read More…]

July 13, 2017 - 5:39 pm 360 Articles, Closing Bell Story, Regulatory
Lost Revenue: 2,800 Federal Lease Applications Pending with Average Wait Time of 257 Days

Lost Revenue: 2,800 Federal Lease Applications Pending with Average Wait Time of 257 Days

Interior Sec. Zinke Signs Order To Streamline Federal Onshore O&G Lease Permit Process As of January 31, 2017, the Bureau of Land Management (BLM) had 2,802 Applications for Permit to Drill (APD) pending, and despite the fact that statute requires that the DOI  and the BLM process APD reviews within 30 days, the average time to process an APD in[Read More…]

July 6, 2017 - 4:38 pm 360 Articles, Closing Bell Story, MLP News, Regulatory
President Trump, Secretary Zinke Begin Comment Period for 5-Year Offshore Oil and Gas Lease Program

President Trump, Secretary Zinke Begin Comment Period for 5-Year Offshore Oil and Gas Lease Program

“This is a truly amazing moment in the energy sector…” – Secs. Perry, Zinke and Pruitt At an event on Thursday, June 29, 2017, in order to help kick off what the Trump Administration has dubbed “Energy Week,” President Trump announced a public comment period for a new 5-year National Offshore Oil and Gas Leasing Program. The Secretary of the[Read More…]

June 29, 2017 - 6:03 pm 360 Articles, Closing Bell Story, Offshore, Politics, Regulatory
BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

Secretary’s mandated review of NTL No. 2016-N01 will get more time  In an announcement on June 22, 2017, BOEM reiterated that Secretary’s Order 3350, issued on May 1, 2017, directed BOEM to “promptly complete a review of Notice to Lessees (NTL) No. 2016-N01 and provide our recommendation on whether to implement this NTL to the Assistant Secretary – Land and[Read More…]

June 28, 2017 - 6:00 pm 360 Articles, Closing Bell Story, Law, Offshore, Regulatory
New Congressional Caucus Seeks to Explain Positives of Oil and Gas Development to Democrat Members

New Congressional Caucus Seeks to Explain Positives of Oil and Gas Development to Democrat Members

Congressional Oil & Gas Caucus will be a platform for pro-industry Democrats Freshman Congressman Vincente González (D-TX) recently announced the formation of the Congressional Oil & Gas Caucus. This caucus aims to educate members of Congress about oil and gas production and the issues involved. Congressman Gonzalez will chair the caucus, and will advocate the benefits of fully harnessing America’s[Read More…]

June 26, 2017 - 5:54 pm 360 Articles, Closing Bell Story, Regulatory
Two New Bills to Expedite Pipeline Approval Process Begin Markup

Two New Bills to Expedite Pipeline Approval Process Begin Markup

In an attempt to modernize the United States’ energy infrastructure, the Subcommittee on Energy and Power, within the United States House Committee on Energy and Commerce, began considering a group of bills on June 20th, 2017, which are related to energy infrastructure and national energy security. Oil and gas related bills Two of the bills affect international cross-border pipelines and[Read More…]

June 21, 2017 - 4:28 pm 360 Articles, Closing Bell Story, Law, Politics, Regulatory
Martinez v. COGCC Decision Could Upend Colorado Oil & Gas Permitting

Martinez v. COGCC Decision Could Upend Colorado Oil & Gas Permitting

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[Read More…]

June 14, 2017 - 4:02 pm 360 Articles, Closing Bell Story, E&P, Law, Regulatory
ExxonMobil Responds to NY Attorney General’s Allegations

ExxonMobil Responds to NY Attorney General’s Allegations

ExxonMobil Corp. lambasted New York Attorney General Eric Schneiderman after he made what Exxon calls, “inflammatory, reckless, and false allegations,” regarding the manner in which the company evaluates the impact of global warming on its assets and operations. The NY AG’s stance is that ExxonMobil misled investigators in its use of proxy costs to estimate carbon impact. ExxonMobil uses proxy[Read More…]

June 9, 2017 - 5:37 pm 360 Articles, Closing Bell Story, Law, Politics, Regulatory
USGS Well Study: Unconventional Oil & Gas Development Having Little or No Effect on Drinking Water Quality

USGS Well Study: Unconventional Oil & Gas Development Having Little or No Effect on Drinking Water Quality

USGS examines water wells in Eagle Ford, Haynesville, Fayetteville aquifers The USGS published a study last week investigating the effects of oil and gas production on drinking water quality. The study examined a total of 116 water wells in Texas, Louisiana and Arkansas, in areas were companies are producing from the Eagle Ford, Haynesville and Fayetteville. Water samples were tested[Read More…]

Energy Committee Advances FERC, DOE, DOI Nominees to Senate for Confirmation

Energy Committee Advances FERC, DOE, DOI Nominees to Senate for Confirmation

The Senate Committee on Energy and Natural Resources advanced four nominees to the Senate floor on Tuesday. The following nominees will move forward to Senate confirmation: David Bernhardt to be Deputy Secretary of the Interior, by a vote of 14-9 Dan Brouillette to be Deputy Secretary of Energy, by a vote of 17-6 Neil Chatterjee to be a Member of the[Read More…]

June 6, 2017 - 3:42 pm 360 Articles, Closing Bell Story, Politics, Regulatory