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Extraction Oil & Gas Emerges from Bankruptcy
February 12, 2021
Extraction Oil & Gas has successfully completed its financial restructuring process and emerged from Chapter 11. The company officially concluded its reorganization after completing all required actions and satisfying the remaining conditions of its plan of reorganization. Extraction has appointed
Judge Delays Hearing on Permit for Dakota Access Pipeline
February 11, 2021
A federal judge on Tuesday agreed to push back a hearing about whether the Dakota Access oil pipeline should be allowed to continue operating without a key permit while the U.S. Army Corps of Engineers conducts an environmental review on
Pembina’s Jordan Cove Project Delivered Another Setback, Oregon
February 11, 2021
For the second time this year, the federal government has refused to overrule the state of Oregon regarding a state-level decision against the Jordan Cove liquefied natural gas project. The National Oceanic and Atmospheric Administration, through a decision signed by
Biden White House Quickly Signals Aggressive Approach to Fossil Fuel Producers
February 11, 2021
The Biden administration made a series of moves that signal its aggressive approach to traditional oil and gas producers. President Joe Biden said the administration intends to take a “whole of government” approach to fighting climate change. It appears that
U.S. Sees Shale Tapping New Oil Wells Again With Crude Above $50
February 11, 2021
American oil explorers will boost drilling and production later this year as crude prices are set to stay above $50 a barrel, according to a U.S. government report. Supply from new wells will exceed declining flows from wells already in
Grayson Mill Energy Acquires Equinor’s Bakken Field Assets for $900 Million
February 10, 2021
Equinor has agreed to divest its interests in the Bakken field in North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around $900 million. The transaction covers all of Equinor’s operated and
Senator Manchin Urges Biden to Reverse Keystone XL Pipeline Decision
February 10, 2021
U.S. Sen. Joe Manchin, D-W.Va., is asking President Joe Biden to reverse his decision to revoke the permit for the Keystone XL oil pipeline. Manchin, the new chairman of the Senate Energy and Resources Committee, urged Biden in a letter
Chesapeake Energy Emerges from Chapter 11 Bankruptcy
February 10, 2021
Chesapeake Energy Corporation has successfully concluded its restructuring process and emerged from Chapter 11, satisfying all conditions precedent under its plan of reorganization. “Today marks a new day for Chesapeake. We have fundamentally reset our business, and with an improved
Rep. Lauren Boebert Bill Would Reverse Biden’s Lease Ban, Other Fossil Fuel Actions
February 10, 2021
U.S. Rep. Lauren Boebert has introduced legislation that would reverse President Joe Biden’s indefinite ban on oil and gas leasing on federal lands and waters. The measure, called the Protecting American Energy Jobs Act, also would nullify an initial 60-day
SNC-Lavalin to Sell Oil and Gas Unit to Blue Water Energy-backed Firm
February 10, 2021
SNC-Lavalin Group said on Tuesday it would sell its oil and gas business to Kentech Corporate Holdings Ltd, an energy services company backed by private equity firm Blue Water Energy, and focus on its high-performing engineering services. The construction and
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