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360 Articles

What’s Worth More to the State of Texas—Land or Oil?

Texas Railroad Commission Keeps its Name, Commissioner Discusses Innovative Disruption

Sitton is Texas Railroad Commission’s first engineer in 50 years Texas Railroad Commissioner Ryan Sitton met with 100 senior level oil and gas executives in Houston this week for An Energy Evening. Sitton was elected to the Railroad Commission in 2014 and is the first engineer to serve on the Commission in 50 years. Texas shale plays have led to a dramatic[Read More…]

Anadarko Details its Response to the Firestone, Colorado, NatGas Home Explosion

Anadarko Details its Response to the Firestone, Colorado, NatGas Home Explosion

Wells Fargo assesses fallout for Colorado oil and gas operators The cut natural gas flowline that preliminary investigations have said caused the house explosion incident in Firestone, Colorado, in Weld County, has led Anadarko Petroleum (ticker: APC) to take significant action to shut in and inspect gas lines from its vertical wells in northeastern Colorado. “We temporarily shut in all of our[Read More…]

May 24, 2017 - 2:06 pm 360 Articles, Closing Bell Story, Regulatory
AG Refers Martinez Appellate Court Decision to Colorado Supreme Court

AG Refers Martinez Appellate Court Decision to Colorado Supreme Court

Outcome could have ‘profound effect’ on how or whether oil and gas operations are permitted in Colorado Colorado Attorney General Cynthia Coffman has sent what could turn into a landmark oil and gas ruling to the Colorado Supreme Court for review. An earlier ruling by the appellate court in the case of Martinez v. COGCC could change the parameters under[Read More…]

May 19, 2017 - 3:50 pm 360 Articles, Closing Bell Story, E&P, Law, Regulatory
Secretary-General Ban Ki-moon at Paris Agreement Ratification Ceremony.
From Paris to Hangzhou – Climate Response in Action.
H.E. Mr. XI Jinping, President of the People’s Republic of China and H.E. Mr. Barack Obama, President of the United States of America present the instrument for the Paris Agreement to the Secretary-General.

Climate-Related Financial Disclosure a Terrible Idea: IHS Report

New IHS report finds FSB’s climate risk reporting recommendations would undermine capital allocation decisions and could distort markets In December 2016, the Basel, Switzerland-based Financial Stability Board (FSB) put out the recommendation of its Michael Bloomberg-led task force that concluded that public companies should disclose climate-related risks in their financial filings. The FSB is the G20’s financial policy-making/recommending body. It[Read More…]

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Edge of the Wattenberg: as Moratorium Expires Crestone Peak Attempts to bring Drilling Back to Boulder County

Crestone Peak applied to drill 216 wells in Boulder County Judge dismisses Colorado Attorney General’s lawsuit v. Boulder County after moratorium expires on May 1 Local control is alive and well in Boulder County By Bevo Beaven, Editor, Oil & Gas 360 A five year moratorium on drilling in unincorporated Boulder County, Colorado, just expired. Will oil and gas drilling return to[Read More…]

Federal Chemical Investigators to Examine Colorado Home Explosion Site, Gas Well

Federal Chemical Investigators to Examine Colorado Home Explosion Site, Gas Well

CSB investigated Macondo An independent federal industrial chemical incident investigation arm–the U.S. Chemical Safety Board (CSB)–said today that it is dispatching Denver-based investigators to the recent home explosion site in Weld County, Colorado. Initial information from fire officials and other investigators in the days immediately following the incident determined that a cut flowline from a nearby gas well was the cause of[Read More…]

May 5, 2017 - 4:06 pm 360 Articles, Closing Bell Story, Regulatory
Canada’s Carbon Pricing Isn’t Working – Fraser Institute

Canada’s Carbon Pricing Isn’t Working – Fraser Institute

“Carbon-pricing in Canada doesn’t work the way ivory tower economists envision, and instead has become just another tax,” said Kenneth Green, Fraser Institute’s senior director of energy and natural resource studies and author of Poor Implementation Undermines Carbon Tax Efficiency in Canada. The governments of Quebec, Ontario, Alberta and British Columbia have all implemented forms of carbon pricing (carbon taxes, cap-and-trade).[Read More…]

May 4, 2017 - 10:56 am 360 Articles, Canada, Closing Bell Story, Politics, Regulatory
Case That Would Restrict Colorado Oil & Gas Permitting Wins a Reversal in Appeals Court

Case That Would Restrict Colorado Oil & Gas Permitting Wins a Reversal in Appeals Court

The majority opinion conjures a condition precedent out of grammatical thin air, which now enshrines the “precautionary principle” in Colorado law.  This has been a goal of environmental advocates pursuant to COGCC rulemaking for many years – API/CPA In February, attorneys for a group of under-aged plaintiffs argued the youths’ case against permitting practices used by the Colorado Oil and Gas Conservation[Read More…]

April 27, 2017 - 3:29 pm 360 Articles, Closing Bell Story, Fracing, Law, Regulatory
Ban on Sand for Oil and Gas Development Prompts Lawsuit in Minnesota

Ban on Sand for Oil and Gas Development Prompts Lawsuit in Minnesota

Is sand the new oil & gas battleground? Is sand the next battleground for energy development? The early salvos are taking place in Minnesota’s Winona County. In late 2016, Winona County commissioners voted to ban what the Minneapolis Star Tribune phrased in its report “the highly contentious industry of frac sand mining.” According to the report, opponents of frac sand[Read More…]

April 21, 2017 - 5:20 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics, Regulatory
The War on Coal is Done: Pruitt

The War on Coal is Done: Pruitt

EPA launches Back-to-Basics agenda at Pennsylvania coal mine U.S. Environmental Protection Agency Administrator Scott Pruitt visited the Harvey Mine in Sycamore, Pa., last week where he announced EPA’s Back-to-Basics agenda, cementing his earlier statement that the new administration has declared an end to the ‘war on coal’. The agenda is a result of Pruitt’s initiative to refocus EPA on its intended mission,[Read More…]

New York Regulators Shoot Down Northern Access Pipeline Access to Marcellus Gas

New York Regulators Shoot Down Northern Access Pipeline Access to Marcellus Gas

New York denial is inconsistent with standards of the Clean Water Act: Tanski On April 10, National Fuel Gas (ticker: NFG) issued a press release reacting to the denial of its proposed Northern Access pipeline by New York regulators, after more than 34 months in the permitting stage. Northern Access would have brought natural gas from the Marcellus region in[Read More…]

EPA Withdraws Clean Power Plan Implementation Framework

EPA Withdraws Clean Power Plan Implementation Framework

EPA’s Pruitt: states have “no obligation to spend resources” on plan The EPA has withdrawn its proposals for a federal plan to implement the Clean Power Plan, after President Trump instructed the agency to reevaluate the rule on March 28. The federal plan would have provided an example as states were setting up their own regulations to meet Clean Power[Read More…]

After 8 1/2 Years, the Keystone XL Finally Gets the Green Light

After 8 1/2 Years, the Keystone XL Finally Gets the Green Light

Mar. 24, 2017:  TransCanada receives Presidential Permit to move forward with Keystone XL pipeline construction After enduring more than eight years of permitting hell, topped at the seven-year mark with a flat rejection by President Obama’s State Department, today TransCanada (ticker: TRP) finally has a U.S. Presidential permit in hand for the Keystone XL pipeline. The Presidential permit officially greenlights the[Read More…]

Source: Royal Caribbean ---    World’s 3 largest cruise ships converge off Florida Coast:  Royal Caribbean International’s Oasis of the Seas, Allure of the Seas and Harmony of the Sea meet off the coast of Florida November 4, 2016.

Natural Gas is Reducing Transport Sector Emissions at U.S. and Canadian Port Cities

New truck engine reduces NOx emissions to near zero – 90% below current limit There are a lot of trucks required to transport freight, containers and other cargo around a port. One of largest drayage trucking companies in the Ports of Los Angeles and Long Beach has begun using one of the first Cummins Westport (CWI) ISX12 G low NOx natural gas engines[Read More…]

March 24, 2017 - 2:43 pm 360 Articles, Closing Bell Story, LNG, Regulatory
Source: Rosneft Komsomolsk Refinery

U.S. Border Tax Adjustment would Increase Refineries’ Use of Domestically Produced Crude

On Sept. 27, 2016, U.S. Representative Bill Pascrell, Jr. (D-NJ), a member of House Ways and Means Committee, and U.S. Representative Walter B. Jones (R-NC) introduced the bipartisan Border Tax Equity Act, which would mitigate the negative impact of border tax adjustments on U.S. exporters. The congressmen said in a press release that “the bill addresses disadvantages for American exporters[Read More…]

March 22, 2017 - 5:13 pm 360 Articles, Closing Bell Story, Crude Oil News, Regulatory
U.S. Issues Coal Lease in Utah: “The Interior Department is in the Energy Business” – Zinke

U.S. Issues Coal Lease in Utah: “The Interior Department is in the Energy Business” – Zinke

$22 million lease covers 56 million tons of coal in central Utah U.S. Department of the Interior Secretary Ryan Zinke announced the approval of a $22 million coal lease this week. The lease, located on the Greens Hollow tract in central Utah, was issued by the DOI to Canyon Fuel Company, LLC, a subsidiary of Bowie Resource Partners, LLC. On[Read More…]

March 17, 2017 - 3:22 pm 360 Articles, Closing Bell Story, Jobs, Regulatory
White House Budget Increases Funding for Energy Development on Public Lands and Offshore, Continues to Streamline Permitting

White House Budget Increases Funding for Energy Development on Public Lands and Offshore, Continues to Streamline Permitting

The White House released its FY 2018 budget proposal today, entitled “America First – A Budget Blueprint to Make America Great Again.” The White House proposes a budget that will increase funds in support of energy development on public lands and offshore, and it intends to continue to streamline the permitting process “and provide industry with access to the energy resources[Read More…]

March 16, 2017 - 2:17 pm 360 Articles, Closing Bell Story, E&P, Regulatory
After Approving 7 Pipelines in 2017, FERC is Dead in the Water

After Approving 7 Pipelines in 2017, FERC is Dead in the Water

FERC is out of gas without a quorum For years, Marcellus and Utica natural gas transportation bottlenecks have seen producers crying for more takeaway capacity to move produced natural gas out of Appalachia. And just when they started to get some relief from FERC-approved pipeline projects, FERC ran out of gas—at least temporarily. So far in 2017, the Federal Energy Regulatory Commission (FERC)[Read More…]

Rolling Back the Red Tape: Pruitt Withdraws EPA’s Request for Equipment and Emissions Counts at Existing Oil & Gas Sites

Rolling Back the Red Tape: Pruitt Withdraws EPA’s Request for Equipment and Emissions Counts at Existing Oil & Gas Sites

The U.S. Environmental Protection Agency announced that it is withdrawing its request that owners and operators in the oil and natural gas industry provide information on equipment and emissions at existing oil and gas operations. The withdrawal is effective immediately, meaning owners and operators – including those who have received an extension to their due dates for providing the information[Read More…]

March 6, 2017 - 3:43 pm 360 Articles, Closing Bell Story, Regulatory
BOEM Withdraws Financial Assurance Orders for Sole Liability OCS Operators/Lessees

BOEM Withdraws Financial Assurance Orders for Sole Liability OCS Operators/Lessees

Agency action delivers some breathing room, not a reversal: Haynes and Boone In what might be called a surprise reversal—or at least a ‘hold on, let’s think about this’ moment—the Bureau of Ocean Energy Management (BOEM) announced on Feb. 17, 2017, that it will withdraw the sole liability orders that were issued to Outer Continental Shelf (OCS) oil and gas lease[Read More…]

March 1, 2017 - 9:42 am 360 Articles, Closing Bell Story, Offshore, Regulatory
Shrinking Red Tape Moves Energy Projects Forward

Shrinking Red Tape Moves Energy Projects Forward

Mining states celebrate HJR 38, Keystone XL back on track, CPP still an unknown Several stalled or presumed dead energy projects are back in the driver’s seat in 2017, and the new team running things in Washington, both at the White House and in Congress, has moved rapidly in the past month to begin to rollback some of the growth-stifling regulations[Read More…]

February 20, 2017 - 2:16 pm 360 Articles, Closing Bell Story, Regulatory
Scott Pruitt Confirmed as EPA Head

Scott Pruitt Confirmed as EPA Head

Scott Pruitt was confirmed to run the EPA today, with the Senate voting 52-46 to confirm. Two Democrats, Joe Manchin (WV) and Heidi Heitkamp (ND) crossed party lines to support Pruitt, while one Republican, Susan Collins (ME), voted against him. Scott Pruitt has been the Oklahoma Attorney General since 2011, in which position he distinguished himself as a harsh critic[Read More…]

February 17, 2017 - 4:39 pm 360 Articles, Closing Bell Story, Regulatory
Top Five SEC Disclosure Issues for E&P 2016 Annual Reports: Haynes and Boone

Top Five SEC Disclosure Issues for E&P 2016 Annual Reports: Haynes and Boone

Get your DUCs in order Energy attorneys Haynes and Boone recently looked at the top SEC disclosure issues for E&P company 2016 annual reports. The findings from Haynes and Boone appears below. Comment letters issued in 2016 by the staff of the Division of Corporation Finance of the Securities and Exchange Commission (SEC) to reporting E&P companies relating to their 2015[Read More…]

February 17, 2017 - 9:40 am 360 Articles, Closing Bell Story, Corporate Governance, Regulatory
Scotland Launches Decommissioning Fund for North Sea Platforms, Pipelines

Scotland Launches Decommissioning Fund for North Sea Platforms, Pipelines

Looking to spur business activity in Scotland for decom projects Scotland’s First Minister has launched a new £5 million fund that will provide opportunities for the supply chain in Scotland to benefit from the decommissioning of North Sea infrastructure. The Decommissioning Challenge Fund (DCF) will support infrastructure upgrades and innovation in salvage and transport methods at Scotland’s ports and harbors. It will[Read More…]

For Coal to Come Back, 3 Things Must Happen

For Coal to Come Back, 3 Things Must Happen

The inevitability of coal’s decline–that perception will probably change: Pipes To set the stage for a coal comeback, one factor is already in place Within minutes after his inauguration, President Trump posted a memo on the White House website entitled “An America First Energy Plan.” The memo said: “President Trump is committed to eliminating harmful and unnecessary policies such as[Read More…]

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Senators Orrin Hatch, R-Ut., John Barrasso, R-Wy., and Mike Enzi, R-Wy., have introduced the “Protecting States’ Rights to Promote American Energy Security Act” (S.316). The proposed law would ensure that oil and gas producing states are protected from redundant federal hydraulic fracturing regulations if state governments are already adequately regulating the practice. “Many states, such as Utah, are doing the[Read More…]

February 9, 2017 - 3:56 pm 360 Articles, Closing Bell Story, Regulatory
New White House Immediately Launches Energy Plan Embracing Shale

New White House Immediately Launches Energy Plan Embracing Shale

The White House says it is focused on lifting climate-driven restrictions, developing $50 trillion in oil and gas, opening up federal lands and developing clean coal President Trump wasted no time moving forward his energy intentions. After being sworn in Friday morning, the Trump White House got started by posting memos that updated two top priorities – energy and jobs. The White[Read More…]

January 20, 2017 - 5:58 pm 360 Articles, Closing Bell Story, Oil & Gas Jobs, Regulatory
Moving Gas: FERC Approves Construction of TransCanada’s Leach XPress and Rayne XPress Pipelines

Moving Gas: FERC Approves Construction of TransCanada’s Leach XPress and Rayne XPress Pipelines

Marcellus, Utica natural gas producers take a step closer to U.S. Gulf Coast markets “The Marcellus and Utica basins – the fastest-growing natural gas supply region in North America – have the lowest development and production costs along with the highest growth prospects of any large basin on the continent.” That’s how TransCanada (ticker: TRP) characterized the upside for Appalachian[Read More…]

BOEM Issues Delay for New Financial Assurance Requirements for Offshore Operators

BOEM Issues Delay for New Financial Assurance Requirements for Offshore Operators

Government prioritizing implementation of new OCS financial assurance rule On January 6, 2017, the Bureau of Ocean Energy Management (BOEM) announced a six-month delay in the implementation of the rigorous financial assurances required by Notice to Lessees and Operators NTL No. 2016-N01, Haynes and Boone attorneys Robert Thibault and  Christopher J. Reagen announced in a notice to clients yesterday. “Although the[Read More…]

January 12, 2017 - 5:56 pm 360 Articles, Closing Bell Story, Offshore, Regulatory
Colorado’s City and County of Broomfield Seeks Frac Moratorium–Again: Council Puts off Decision

Colorado’s City and County of Broomfield Seeks Frac Moratorium–Again: Council Puts off Decision

Extraction Oil & Gas’s proposed drilling program spurred citizen action and reaction by Broomfield council On Jan. 10, 2017, the City and County of Broomfield, Colorado, held a public hearing on its proposed ordinance No. 2038 which calls for imposing a temporary moratorium on oil and gas drilling, hydraulic fracturing, and the processing of certain oil and gas related applications.[Read More…]

January 11, 2017 - 5:59 pm 360 Articles, Closing Bell Story, E&P, Fracing, Regulatory