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Energy and Mineral Resources Subcommittee Holds Hearing on Leasing Restrictions for Oil & Gas
January 16, 2024
On Thursday, January 11, 2024, the Committee on Natural Resources, Subcommittee on Energy and Mineral Resources held an oversight hearing titled “Examining the Biden Administration’s Limits on Access to the OCS: Impacts on Consumers, States, and Operators.” Witnesses and Testimony
API Calls on Policymakers to ‘Keep the Lights on’ With Long-Term Energy Plan
January 16, 2024
The American Petroleum Institute held its annual State of American Energy event last week, calling on policymakers to focus on a long-term energy plan that strengthens energy independence, seizes America’s energy advantage, and accelerates energy innovation. API also launced its
EPA Releases Proposed Rule to Establish a Fee on Methane Emissions from Oil & Gas Sector
January 15, 2024
The U.S. Environmental Protection Agency (EPA) has released a proposed rule to tackle methane emissions from the oil and gas sector, delivering on Congress’ directive in the Inflation Reduction Act to incentivize adoption of industry best practices that reduce pollution.
API Calls on Congress to Repeal EPA’s Methane Fee
January 15, 2024
The American Petroleum Institute (API) released the following statement from API Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer after the U.S. Environmental Protection Agency (EPA) released a proposed rule to establish a fee on methane emissions
Glenfarne Energy Transition’s Texas LNG Enters 15-year Tolling Agreement with EQT
January 15, 2024
EQT Corporation has entered into a heads of agreement (HOA) for liquefaction services from Texas LNG’s facility in Brownsville, Texas to produce 0.5 million tons per annum of LNG under a 15-year tolling agreement. “We are proud to welcome EQT
DOE Invests $800,000 for Workforce Development Opportunities for Repurposing Existing Energy Assets
January 15, 2024
The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) have allocated $800,000 in federal funding for eight local government and non-profit organizations representing communities across the country, from Alaska to Pennsylvania, that will each create
U.S. Drillers Cut Oil and Gas Rigs for Second Week in a Row
January 15, 2024
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig
APA Promotes Stephen Riney to President and Chief Financial Officer
January 15, 2024
APA Corporation has promoted Stephen Riney to president and chief financial officer. Riney has served as executive vice president and chief financial officer since joining APA in 2015. “Steve has consistently brought tremendous integrity, rigor and strategic counsel to my
Chesapeake and Southwestern Energy to Combine in $7.4 Billion Deal
January 12, 2024
Chesapeake Energy and Southwestern Energy have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake’s closing price on January 10, 2024. Under the terms of the agreement, Southwestern
Evolution Petroleum Acquires SCOOP/STACK Interests for $43.5 Million
January 12, 2024
Evolution Petroleum has entered into definitive agreements to acquire non-operated oil and natural gas assets in the SCOOP and STACK plays in central Oklahoma from Red Sky Resources and Coriolis Energy Partners. The combined purchase price of the acquisitions is
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