Drilling

Oil

Noble CEO says Colorado methane compromise could serve as model

Source: 
FuelFix

The compromise in Colorado between environmentalists and the oil industry over controlling methane emissions from drilling could serve as an example for other parts of the country, according to Noble Energy CEO Chuck Davidson, FuelFix reports.

Oil

Rising interest rates shouldn’t choke shale boom

Source: 
The Wall Street Journal

One reason why any future increase in interest rates may not trouble debt-ridden shale drillers is that a sizeable amount of their borrowing has been agreed under fixed rates, The Wall Street Journal reports.

Gov. John Hickenlooper/Energy Guardian Photo
Oil

Hickenlooper, Polis push Colorado fracking battle to next year

A deal announced Monday by Colorado Gov. John Hickenlooper and Rep. Jared Polis to study local oil and gas siting conflicts appears to have averted an intra-party fight over controversial ballot initiatives that would have let communities ban hydraulic fracturing.  

They agreed on the creation of an 18-member task force to make recommendations next year to the governor and state legislature on the regulation of the drilling practice, known as fracking, near homes, businesses and schools.

In return, Polis agreed to drop his support for the two initiatives that would amend the state constitution to set a 2,000-foot minimum setback for wells near occupied buildings, four times the current minimum, and allowed communities to set stricter drilling regulations than the state, including bans.

Oil

Landowners skeptical of Continental offer in ND

Source: 
The Wall Street Journal

The offer by Continental Resources Ltd. to pay state taxes and royalty payments in North Dakota for natural gas it failed to burn off properly has been met with skepticism by lawyers for landowners and rights holders, suspicious that the plan is intended to limit the company’s liability, The Wall Street Journal reports.

Oil

House Republicans want more areas opened to offshore drilling

Source: 
The Hill

Opening up more areas to offshore drilling -- including parts of the Pacific -- would generate around $160 billion over a period of less than 20 years, according to more than 160 Republican Congressmen who sent a letter to Interior Secretary Sally Jewell about her department’s updated plan for the Outer Continental Shelf, The Hill reports.

Oil

Offshore drilling draws fire from West Coast governors

Source: 
The Associated Press

The three West Coast governors, all Democrats -- Jerry Brown of California, Jay Inslee of Washington and John Kitzhaber of Oregon -- have sent a letter to Interior Secretary Sally Jewell, expressing their opposition to including any oil or gas lease sales from their area in her department’s updated plan for the Outer Continental Shelf, The Associated Press reports.

Oil

Two energy sector firms among IPOs set for next week

NEW YORK (AP) — There are two energy sector companies among a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.

Oil

Shell, Alaska Natives to share in offshore profits

ANCHORAGE, Alaska (AP) — An Alaska Native regional corporation and six Native Village corporations signed an agreement with a Shell Oil subsidiary Thursday that aims to share the profits from offshore drilling off Alaska's northwest coast.

Shell and the Arctic Slope Regional Corp. announced the formation of a new company called Arctic Inupiat Offshore LLC. Its participants include six village corporations on the North Slope. The agreement with the Shell subsidiary, Shell Gulf of Mexico Inc., gives the Alaska Native company the option of acquiring an overriding royalty interest from Shell's drilling on leases in the Chukchi Sea.

Oil

Comment on offshore drilling extended to Aug. 15

Source: 
FuelFix

The Bureau of Ocean Energy Management has given oil companies, environmentalists and others more time to comment on the plan for selling offshore oil and gas leases, adding on an additional 15 days, FuelFix reports.

EnergyGuardian photo
Oil

Kornze: BLM backs higher fees to speed drilling permits

The head of the Bureau of Land Management on Tuesday defended the pace of processing of drilling permits on federal onshore leases, but also endorsed legislation to raise industry fees that would give his agency more resources to speed up approvals.

At a hearing before the Senate Energy and Natural Resources Committee, BLM Director Neil Kornze sought to address concerns raised by lawmakers that BLM takes too long to process applications for permits to drill, or APDs. Committee chair Sen. Mary Landrieu, D-La., called the average timetable of more than 200 days "disturbing."

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