Bureau of Land Management acting chief William Perry Pendley today slammed calls by some Democratic presidential contenders to ban oil and gas leasing on federal lands. "A tremendous amount of the energy we use every day, whether it's gasoline or natural gas or oil, comes from federal lands. So much of the oil and gas comes from public lands," Read ...
Read More

It was Texas, North Dakota, and New Mexico that saved us from a crude price spike a few weeks ago. U.S. crude oil production will steadily rise from 13.1 million b/d in 2020 to 14.2 million b/d by 2035. Read the full article here Source: Forbes.com ...
Read More

The Marcellus and Point Pleasant-Utica Shale plays in the Appalachian Basin contain an estimated mean of 214 trillion cubic feet of undiscovered. “Watching our estimates for the Marcellus rise from 2 trillion, to 84 trillion, to 97 trillion in under 20 years demonstrates the effects American ingenuity and new technology can have,” said USGS director Jim Reilly. Read the full ...
Read More

Houston-based Occidental Petroleum Corp. (NYSE: OXY) has been planning to sell $10 billion to $15 billion worth of assets since inking a deal to acquire The Woodlands-based Anadarko Petroleum Corp. earlier this year. The $55 billion acquisition, including the assumption of debt, closed Aug. 8, and Occidental provided an update on its divestiture and deleveraging efforts on Sept. 30. Read the full article here ...
Read More

What's past is prologue: more oil, more natural gas. No kidding. These two essential fuels supply nearly 65% of the energy used in the U.S. and global economies. Given that economic and population expansion are the primary indicators of more energy demand, global energy demand is set to boom 45% by 2050. Read the full article here Source: Forbes.com ...
Read More

Executives from the largest oil and gas companies in the world offered their takes on climate change, methane flares, and why they need natural gas. One of the opening events of Climate Week in New York offered a rare sight -- nine bosses of some of the world’s largest oil and gas companies in one room. Read the full article ...
Read More