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S.T.L. Resources Outmaneuvers Rival Bidders to Snag Bankrupt Tilden Marcellus
July 7, 2022
After a touch of courtroom drama, S.T.L. Resources has emerged as the owner of 24,000 net mineral acres in the Marcellus Shale from bankrupt Tilden Marcellus, according to court records and a June 28 press release. S.T.L. Resources initially appeared
Ovintiv to Sell Noncore Bakken, Uinta Assets for $250 Million
July 7, 2022
Ovintiv Inc. agreed on July 6 to sell portions of its assets located in the Bakken and Uinta basins for total proceeds of roughly $250 million, which will be used to accelerate doubling of shareholder returns. “These transactions continue our
DOI Invites Public Comment on Proposed Five Year Program for Offshore Oil and Gas Leasing
July 6, 2022
As the second step in a three-step planning process, the Department of the Interior issued the Proposed Program for the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for years 2023-2028. “Today, based on my team’s
EPA Administrator Regan Issues Statement on West Virginia v. Environmental Protection Agency
July 6, 2022
In response to the Supreme Court ruling in West Virginia v. Environmental Protection Agency, EPA Administrator Michael S. Regan issued the following statement: “As a public health agency, EPA’s number one responsibility is to protect people’s health, especially those who
After SCOTUS Win on EPA Case, Patrick Morrisey Takes Aim at SEC
July 5, 2022
After the Supreme Court handed him a win on Thursday limiting the authority of the Environmental Protection Agency, West Virginia Republican Attorney General Patrick Morrisey next takes aim at the Biden administration’s effort to use its powers to regulate capital
Whiting and Oasis Complete Combination, Establishing Chord Energy
July 5, 2022
Chord Energy Corporation has successfully completed the combination of Whiting Petroleum Corporation and Oasis Petroleum, creating a scaled unconventional U.S. oil producer with a premier Williston Basin position with top tier assets across approximately 972,000 net acres, combined first quarter
TGS Named Successful Bidder in Auction Process for ION Assets
July 5, 2022
TGS ASA, a global provider of energy data and intelligence, has been named a successful bidder in the auction process conducted in connection with ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for
Supreme Court Ruling Limits EPA Power, Returns It to Congress Where It Belongs
July 1, 2022
For some time, the Environmental Protection Agency has wanted to destroy the American coal industry and has issued regulations with that end in mind. The Supreme Court said it cannot do that without a clear grant of authority from Congress.
Biden Administration Delays Offshore Drilling Plan
July 1, 2022
The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources. Interior Department Secretary Deb Haaland in May had vowed
Hempel Launches Hempafire XTR 100 for Hydrocarbon Passive Fire Protection of O&G Downstream Assets
June 29, 2022
After 10 years of continuous success in the passive fire protection (PFP) market with its cellulosic range of products, Hempel launched its first product for the hydrocarbon PFP segment, the Hempafire XTR 100. Providing UL 1709-certified hydrocarbon passive fire protection
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