FORUM NEWS

Interior Announces Date for Largest Oil and Gas Lease Sale in U.S. History

Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.  

EIA: US gas reserves increase at yearend 2016, crude remains flat

The US Energy Information Administration said average first-of-the-month prices used to calculate US reserves dropped in 2016 compared with 2015. Natural gas and crude oil decreased by a respective 6% and 15% during the period.  

Colorado Drillers Pumping Record Oil, More On The Way

Another month, another expected record. The Energy Information Administration estimates drillers in the Niobrara region will produce 579,000 barrels of oil per day in March.  

Colorado OKs new rules for oil, gas lines after fatal blast

Colorado regulators approved new rules for thousands of oil and gas pipelines Tuesday, 10 months after investigators blamed a leaking pipeline for a fatal gas explosion.  

Colorado Raising Taxes on Oil, Gas Drillers by $4.8M

The Colorado Oil and Gas Conservation Commission approved a plan on Monday to raise $4.8 million more in taxes by charging 0.11 cents on every dollar of oil and gas produced.  

Budget deal envisions largest oil stockpile sale in history

In an effort to partially pay for new spending, the budget agreement would sell 100 million barrels of the Strategic Petroleum Reserve (SPR) in the next decade.  

Oil World Turns Upside Down as U.S. Sells Oil in Middle East

[I]n a trade that illustrates how the rise of the American shale industry is upending energy markets across the globe, the U.A.E. bought oil directly from the U.S. in December...  

Opinion: Point - Offshore energy is critical to future energy security

Offshore development plays a critical role in U.S. energy security, supplying more than 1 million barrels of oil per day for the last 20 years.