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Devon Energy and WPX Energy to Combine in Merger
September 28, 2020
Devon Energy and WPX Energy have entered into an agreement to combine in an all-stock merger of equals transaction. The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium
Texas Oil Regulator Exceeds State’s Annual Goal for Plugging Abandoned Wells
September 28, 2020
For the fourth straight year the Railroad Commission of Texas has exceeded its performance target of plugging abandoned oil and gas wells throughout the state. With the fiscal year ending on Aug. 31, the agency plugged 1,477 orphan wells in
Trump Extends Offshore Drilling Ban for North Carolina and Virginia
September 28, 2020
President Donald Trump said Friday that he would extend the federal offshore drilling moratorium for coastal waters off Virginia and North Carolina, paralleling his recent decision for the coasts of Florida, Georgia and South Carolina. He left the door open
API: Extended Offshore Energy Moratorium Denies Thousands of American Jobs and Billions of Dollars
September 28, 2020
The American Petroleum Institute (API) issued the following statement following the Trump administration’s announcement to extend the existing offshore moratorium in the Eastern Gulf of Mexico to include additional areas off the Atlantic Outer Continental Shelf (OCS) through the year
Corps Proposes to Modify Nationwide Permit 12 to Simplify Pre-Construction Pipelines Notification
September 25, 2020
On September 15, 2020, the United States Army Corps of Engineers (Corps) issued its “Proposal to Reissue and Modify Nationwide Permits” (Proposed Rule). Under Section 404 of the Clean Water Act and Section 10 of the Rivers and Harbors Act
Range Resources Anchors Ethane Supply for Appalachia Polyethylene Complex
September 25, 2020
Range Resources has signed a long-term ethane supply agreement with PTTGC America to become an anchor supplier for a proposed world-scale ethylene cracker in Appalachia. This agreement is contingent upon PTTGCA reaching a final investment decision, which is expected in
Mountain Valley Pipeline Sends Letter to FERC Requesting to Restart Construction
September 25, 2020
After a winter hiatus in construction that stretched into the spring, summer and fall, builders of the Mountain Valley Pipeline say they are ready to return. In a letter filed with the Federal Energy Regulatory Commission late Tuesday, an attorney
BOEM, BSEE Advance New Research on Potential Policy Changes to Increase Production in Gulf of Mexico
September 24, 2020
The Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) today announced they will advance new research into whether certain policy changes could help increase oil and gas production from deepwater infrastructure already in
United States Remains Net Exporter of Energy in August Despite Challenges
September 24, 2020
Despite disruptions from Hurricane Laura and uncertainty related to the pandemic, the United States remained a net energy exporter in August, according to the American Petroleum Institute (API). API’s August 2020 Monthly Statistical Report and Q3 2020 Industry Outlook said
API Releases Updated Safety Standards for Overfill Prevention Systems
September 24, 2020
The American Petroleum Institute (API) today released the fifth edition of the API 2350, a safety standard designed to help oil storage facilities operators implement overfill prevention systems (OPS). OPS’s ensure that oil and other products are transferred to storage
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