All homes and schools in Colorado should be protected from new oil and gas drilling by a 2,000-foot buffer or setback – four times the current standard for urban areas, a majority of the members of the Colorado Oil and Gas Conservation Commission said. In a session Wednesday to review proposed rule changes on setbacks, […]
For years, some Coloradans have called for changes to how far oil and gas wells have to be from places like schools or homes. Those calls have led to some incremental changes, but in 2018, voters rejected an attempt to significantly increase minimum distances known as setbacks. Yet now, state regulators will take another swing […]
It seems like a reset of an economy should work like a reset of your computer: Turn it off and turn it back on again; most problems should be fixed. However, it doesn’t really work that way. Let’s look at a few of the misunderstandings that lead people to believe that the world economy can […]
Following energy news these days is exciting: there is so much about new batteries, more efficient solar panels, cheaper wind energy, and dozens of EV models coming to a market near you any day now. The future looks bright, emission-free, and electric. All it takes to ruin the vision is a single report, in this […]
When it comes to finding the final frontier for big oil discoveries, you need to look beyond the Guyana-Suriname basin where everyone’s already staked their claims. And beyond the American shale patch, where growth is already slowing. Africa is the next great oil frontier, where small-cap companies are staking large-cap claims of the kind that […]
The Bureau of Land Management announced it will hold an oil and gas lease sale in December to offer 282,731 acres of federal land and minerals for development. Several of the nominated parcels for December’s competitive sale fall north of Casper and north Rock Springs. The federal government offers a selection of nominated parcels to […]
Global oil demand is set to recover to near pre-covid-19 levels by the end of this year, Saudi Arabia’s energy minister Prince Abdulaziz said today prior to the OPEC+ Joint Ministerial Monitoring Committee meeting today, according to The National. Specifically, Prince Abdulaziz expects that oil demand will recover to 97% of the levels pre-Covid. That […]
South America has made a cost-cutting leap since 2013, when it was the world’s most expensive region for deepwater oil and gas production costs. Average operational expenditure (opex) per barrel of oil equivalent has more than halved since then, from roughly $26 to $12.7 in 2020, a Rystad Energy report shows. The region also enjoyed […]
The Trump administration is scrapping limits on methane leaks, allowing oil and gas companies to decide how much of the potent greenhouse gas can escape into the atmosphere from wells, pipelines and storage tanks. The new rules, issued Thursday by the Office of Management and Budget, effectively rescind the Environmental Protection Agency’s authority to regulate […]
If there was one thing the last oil price crisis proved, it was this: despite the devastation that low oil prices can wreak on an industry, they can also make oil and gas production more efficient for less money. If there is one thing this crisis is proving, it is that oil and gas companies […]
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