Regulatory

Feds Sue U. of Denver Law School Over M/F Pay Disparity

From Law.com

The Equal Employment Opportunity Commission on Friday sued the University of Denver, alleging its law school underpaid at least eight female law professors compared with their male colleagues.

The agency in August 2015 issued a finding that the …

October 3, 2016 - 1:04 am Closing Bell Story‎, Law, Regulatory
Surety Industry Weighs In on New OCS Supplemental Bonding Requirements

Surety Industry Weighs In on New OCS Supplemental Bonding Requirements

Examining new BOEM supplemental bonding requirements for OCS decommissioning obligations: Part 4

In context of the Bureau of Ocean Energy Management’s new NTL 2016-N01, the recently in force Notice to Lessees and Operators in the outer continental shelf (OCS) laying …

Weatherford International to Pay $140 Million Civil Penalty to SEC

Oil-field-services company settles with SEC over tax-accounting practices

From the Wall Street Journal

Oil-field-services company Weatherford International PLC agreed to a $140 million civil penalty to settle Securities and Exchange Commission claims that the company used deceptive tax accounting to …

September 28, 2016 - 10:41 am Closing Bell Story‎, Energy News, Regulatory
Gulf of Mexico Operators: Prepare to Present the U.S. Government with Financial Assurance Covering 100% of Decommissioning Liability for your OCS Leases

Gulf of Mexico Operators: Prepare to Present the U.S. Government with Financial Assurance Covering 100% of Decommissioning Liability for your OCS Leases

Notices from BOEM to Gulf of Mexico operators will hit mail boxes starting in November: an Oil & Gas 360® Exclusive Interview with BOEM GOM Regional Director Michael Celata – Part 3 of a Series

New, much more stringent …

Paperwork

FASB Releases Updated Rules to Standardize Reporting and Classification of Cash Receipts and Payments

Board Addresses Cash Flow Issues for which GAAP Currently Offers no Guidance

As part of its ongoing review of emerging issues, the Financial Accounting Standards Board (FASB) issued a new update that seeks to narrow variations in how cash receipts …

September 22, 2016 - 10:09 am Closing Bell Story‎, Finance, Oil and Gas 360 Articles, Regulatory
Experts Predict Trouble Ahead for Gulf of Mexico Oil & Gas Operators

Experts Predict Trouble Ahead for Gulf of Mexico Oil & Gas Operators

New supplemental collateral requirements could severely damage independent Gulf of Mexico drillers, producers – Part 2

On Sept. 12, 2016, the federal government initiated big changes to its bonding requirements for the financial liability for decommissioning oil and gas assets …

ND U.S. Representative Kevin Cramer

An Exclusive Interview with North Dakota Congressman and Trump Energy Advisor Kevin Cramer

Rep. Cramer discusses the Dakota Access pipeline, what it’s like advising Donald Trump, and his views on having a national energy policy

On Sept. 16, a federal appeals court ordered a halt to construction of a second portion of the …

Deutsche Bank Picks Attorneys to Fight $14B DOJ Claim

From American Lawyer

The news that U.S. regulators have proposed that Deutsche Bank AG pay $14 billion to resolve the bank’s role in the 2008 financial crisis raised speculation Friday that other foreign banks that allegedly falsely marketed subpar mortgage-backed …

September 19, 2016 - 3:26 pm Closing Bell Story‎, Energy News, Regulatory
Obama Administration Halts Work on Dakota Access Pipeline

Obama Administration Halts Work on Dakota Access Pipeline

Administration Overturns Federal Court Ruling, Halts Work on $3.8 Billion Dakota Access Pipeline

In a surprise statement on Friday, the Obama administration said that it would not issue the easements necessary for construction to begin on a portion of …

U.S. Offshore Drilling Changes Drastically on Sept. 12, 2016

U.S. Offshore Drilling Changes Drastically on Sept. 12, 2016

Part 1: What is NTL No. 2016-N01?

In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to extract oil and natural gas …

Did a White House Appointee just Kill Deepwater Drilling in the Gulf of Mexico?

Did a White House Appointee just Kill Deepwater Drilling in the Gulf of Mexico?

U.S. Offshore Drilling Changes Drastically after Sept. 12, 2016 – Part 1

In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to …

Oil & Gas 360

Both Anti-Oil & Gas Initiatives Fail to Make Colorado Ballot

Initiative 75 (local government control over oil and gas) and 78 (mandatory 2,500-ft. setback) fall short of required signatures

The Colorado Secretary of State issued a press release today, explaining how two anti-oil & gas initiatives failed to achieve the …

Colorado Anti-Frac Ballot Signatures Are Being Counted: 3 Experts Weigh In

Colorado Anti-Frac Ballot Signatures Are Being Counted: 3 Experts Weigh In

2,500-foot setback for oil and gas “would pretty much gut new development”

On August 24, the Colorado Secretary of State issued a press release that announced that the two anti-frac measures seeking to become amendments to the Colorado constitution are …

Colorado Anti-Oil & Gas Ballot Issues Move Closer to Being Counted

Colorado Anti-Oil & Gas Ballot Issues Move Closer to Being Counted

Only 2 Colorado Issues Remain Ahead of Oil & Gas in Queue

The Colorado Secretary of State’s office reported today that the signatures for one more of the five remaining citizen initiatives have now been counted and verified. The cigarette …

UPDATE: Colorado Anti-Oil & Gas Ballot Issues are Now Fourth and Fifth in the Queue

UPDATE: Colorado Anti-Oil & Gas Ballot Issues are Now Fourth and Fifth in the Queue

Anti-Oil & Gas Signatures will be Counted Last; ‘Amending the Constitution’ Measure Clears Ballot Today

Lynn Bartels, communications director for the Colorado Secretary of State’s office, told Oil & Gas 360® yesterday that two anti-oil and gas initiatives, which were …

Three New COGCC Members Appointed by Colo. Gov. Hickenlooper

Three New COGCC Members Appointed by Colo. Gov. Hickenlooper

Colorado Gov. John Hickenlooper has appointed three new members of the Colorado Oil and Gas Conservation Commission (COGCC) for terms which start immediately and will expire July 1, 2020.

Membership of the commission is mandated by law to include a …

No-Frac Backers Submit Petitions for 2,500-Foot Setback, Local Control of Oil & Gas in Colo.

No-Frac Backers Submit Petitions for 2,500-Foot Setback, Local Control of Oil & Gas in Colo.

Several Colorado ballot initiative groups turned in their collected signatures on petitions today by the 3:00 p.m. deadline.

For the oil and gas industry, the Colorado Secretary of State has reported that initiative No. 75, which would cede control …

Oil & Gas Financial Reporting Webinar

Oil & Gas Financial Reporting Webinar

WED. AUG. 10, 2016 – 10:00 AM – 11:00 AM MDT

Join Hein & Associates for a complimentary CPE accredited webinar: Financial Reporting Considerations for Oil & Gas Companies.

This complimentary CPE accredited webinar presented by Hein & Associates is …

August 5, 2016 - 2:19 pm Closing Bell Story‎, Regulatory
Offshore Alaska: DOI Adds More Drilling Regulations

Offshore Alaska: DOI Adds More Drilling Regulations

President Obama ‘turning his back on the livelihoods of Alaskans who depend on resource development’

Today, the United States Department of the Interior and the Bureau of Ocean Energy Management released 348 pages of new Requirements for Exploratory Drilling on

North Dakota Mineral Resource Director, Texas Railroad Commission Chairman Call EPA Regulations into Question

North Dakota Mineral Resource Director, Texas Railroad Commission Chairman Call EPA Regulations into Question

Lynn Helms, David Porter, others testify in front of House Committee about the effects of the EPA’s 3,900 rules on industry, states, jobs since 2009

Lynn Helms, director of the Oil and Gas Division of the North Dakota Department of …

SEC Adopts New Disclosure Rule for Resource Extraction Issuers Under Dodd-Frank

FOR IMMEDIATE RELEASE
2016-132

Washington D.C., June 27, 2016

The Securities and Exchange Commission today announced it adopted rules to require resource extraction issuers to disclose payments made to governments for the commercial development of oil, natural gas or …

July 5, 2016 - 12:38 pm Closing Bell Story‎, Regulatory
Donald Trump Speaks in Colorado on the Eve of Independence Day

Donald Trump Speaks in Colorado on the Eve of Independence Day

Trump is headliner at the Western Conservative Summit

In his first appearance in Colorado since he launched his campaign for the 2016 presidential election, presumed Republican nominee Donald Trump spoke to several thousand attendees at an event today at the …

Climate Change Move from N.A. Heads of Government Could Affect the Oil & Gas Industry

Climate Change Move from N.A. Heads of Government Could Affect the Oil & Gas Industry

Three Chief Executives Tackle Climate Change

Canada’s Prime Minister Justin Trudeau, U.S. President Barack Obama, and Mexico’s President Enrique Peña Nieto joined forces in Ottawa this week expressly to demonstrate how North America has the “moral imperative to show strong …

SEC Announces New Rules on Resource Extraction Payments

SEC Announces New Rules on Resource Extraction Payments

On June 27, 2016, the Securities and Exchange Commission (SEC) announced its adoption of rules which will require resource extraction issuers to disclose payments that are not de minimis made to governments for the commercial development of oil, natural gas, …

Attorney Lawrence Friedman: Breitling Energy Complaint “Not a Typical Agency Complaint”

From Texas Lawyer

The U.S. Securities and Exchange Commission has accused executives at a Dallas oil and gas energy company, including the CEO and general counsel, of a “long-lasting and egregious fraud” that included spending investors’ money at gentlemen’s clubs.…

June 29, 2016 - 10:07 am Closing Bell Story‎, Energy News, Regulatory
Keystone XL: The Saga Continues

Keystone XL: The Saga Continues

TransCanada seeks US$15 Billion from the U.S. government for breaches of NAFTA – following President Obama’s decision to nix the Keystone XL pipeline

The next chapter in the Keystone XL pipeline saga is officially underway.

On Friday, June 24, 2016, …

SEC Charges Breitling Energy, Chris Faulkner with Defrauding Investors out of $80 Million

SEC Charges Breitling Energy, Chris Faulkner with Defrauding Investors out of $80 Million

On June 24, 2016, the U.S. Securities and Exchange Commission filed a complaint in U.S. District Court against Christopher A. Faulkner, Breitling Energy Corp., and 10 other associated individuals and companies.

Other defendants listed in the complaint include Jeremy S. …

Here’s Why Wind Could Replace Natural Gas

Here’s Why Wind Could Replace Natural Gas

The Accelerating Growth of Wind and Solar Energy is Being Driven by Government Climate Policies, Global Corporations Thrusting Themselves onto the Green Bandwagon, Fervent Activism Against Fossil Fuels, a Carbon Concerned Millennial Generation that is Willing to Pay More for

The Future of Natural Gas Growth, Renewables Growth Depends on the Clean Power Plan

The Future of Natural Gas Growth, Renewables Growth Depends on the Clean Power Plan

If the CPP passes, natural gas growth will double and renewables will show much stronger growth: EIA

The extent to which renewables and natural gas continue to grow in terms of their overall percentage in the energy generation mix in …

Environmental Movement Targets FERC to Stop New Pipelines – An Exclusive Interview

Environmental Movement Targets FERC to Stop New Pipelines – An Exclusive Interview

U.S. Shale Gas Needs More Pipelines to Move the Gas to Market, but Anti-Fossil Fuel Groups are Out to Stop Pipelines

In the past ten years, the shale revolution has changed the U.S. energy landscape. The economic extraction of oil …