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After staging a significant rally since U.S. crude tested the low $40s earlier this year, WTI crude has traded in a narrow range, and there is potential for more downside-Saudi Arabia recently said it plans to raise output to new highs. On Wednesday, U.S. crude...
A federal judge on Tuesday temporarily blocked the Bureau of Land Management from putting into effect the government's new rules for fracking on federal public land.U.S. District Judge Scott W. Skavdahl of Wyoming granted a request by oil-producing states Colorado,...
Oil production from key shale formations in North Dakota and Texas was little changed in May versus April, according to Bentek Energy, an analytics and forecasting unit of Platts, a leading global provider of energy, petrochemicals, metals and agriculture...
In oil and gas lease negotiations, there's usually some horse trading between the mineral estate owners and the exploration and production companies about how certain production costs will be allocated. Sometimes, however, serious conflicts can erupt over interpreting...
North Dakota's crude oil output has peaked, according to the latest production data published by the state government, as the slump in prices takes its toll.The state produced 1.17 million barrels per day (bpd) in April, down from a peak of 1.23 million in December,...
A federal judge ruled Wednesday morning that Minnesota's controversial system of confining convicted sex offenders violates the U.S. Constitution.U.S. District Judge Donovan Frank ruled that the Minnesota Sex Offender Program (MSOP) is unconstitutional because it...
Hess Corporation has agreed to farm out a stake of 50% in its Bakken midstream assets to Global Infrastructure Partners. The transaction is valued at $2.675 billion.Hess and Global Infrastructure Partners will join hands to form a premier midstream joint venture,...
Travis County Attorney David Escamilla said Monday he will not pursue a drunken driving case against a district judge arrested in March and will reduce her charges to a class C speeding misdemeanor ticket after test results show she was below the legal limit for...
Contango Oil & Gas Company announced today the discovery and successful completion of the Elliott #1H well in the Muddy Sandstone formation in Weston County, Wyoming. The well tested at a maximum 24 hour rate of 907 Boepd (98% Oil, 39 degree API) from a 6,601 foot...
The Bakken shale will not go quietly. That's what we've begun to gather, at least in terms of the news cycle. Hess Corp. continued a trend of producers shedding noncore assets to build up liquidity. Hess, though, might have done so in one of the more...
