General Interest 2007 P

12/31/2007 -- DOI budget takes bite from states' revenue shares
US oil and gas producing states will lose nearly $43 million of their shares of revenues from federal oil and gas production within their borders under a provision of DOI's 2008 budget.
12/31/2007 -- MARKET WATCH: Oil prices near $100/bbl again before falling back
Crude prices climbed to nearly $98/bbl before falling back in profit taking Dec. 28, ending four sessions of consecutive gains on the New York market.
12/28/2007 -- MARKET WATCH: Political tension, lower inventories hike energy prices
Oil prices climbed in a fourth consecutive session Dec. 27 on the New York market with the escalation of geopolitical tensions.
12/28/2007 -- Petrobras to buy Noble's Argentine assets
A Petrobras unit has agreed to buy Noble Energy's interest in El Tordillo, La Tapera, and Puesto Quiroga licenses in southern Argentina for $117.5 million.
12/28/2007 -- Rahall's 2008 agenda contains several chestnuts from 2007
House Natural Resources Committee Chairman Nick J. Rahall (D-W.Va.) served notice on Dec. 20 that the committee's 2008 agenda will include issues it examined in 2007.
12/28/2007 -- "There's more we can accomplish together"
President George W. Bush, at signing ceremonies for H.R. 6, the Energy Independence and Security Act of 2007, at the US Department of Energy on the morning of Dec. 19.
12/27/2007 -- TXCO Resources outlines $100-110 million budget
TXCO approved a $100-110 million expenditure budget and drilling program for 2008 compared with a $72.4 million budget for 2007.
12/27/2007 -- Range expands Barnett shale holdings
Range Resources Corp. is acquiring Barnett shale properties from a subsidiary of DTE Energy Co. and a private company for $305 million.
12/27/2007 -- W&T Offshore to buy Apache's Mahogany interests
W&T Offshore agreed to pay $116 million to acquire Apache's interest in Ship Shoal 349 field, which lies on Ship Shoal Blocks 349 and 359 in the Gulf of Mexico.
12/27/2007 -- MARKET WATCH: Bhutto assassination raises political premium for oil
Energy prices initially jumped Dec. 27 as the assassination of former Pakistan Prime Minister Benazir Bhutto ramped up market concerns about increased instability in the Middle East.
12/27/2007 -- Texas tar sand properties under review
TXCO Resources plans to consider a broad range of strategic alternatives to maximize the value of its San Miguel tar sand holdings in the Maverick basin in South Texas.
12/26/2007 -- MARKET WATCH: Crude tops $94/bbl on Christmas Eve
Crude prices climbed above $94/bbl in light, mixed trading in the New York market that closed at 1 p.m. Eastern Standard Time Dec. 24 and remained close Dec. 25 for the Christmas holiday.
12/26/2007 -- BLM publishes draft statement for oil shale development
The US Bureau of Land Management published a draft statement on Dec. 21 to guide future management of approximately 1.9 million acres in Utah, Colorado and Wyoming for potential commercial oil shale development.
12/26/2007 -- MMS proposes deepwater royalty relief amendments
The US Minerals Management Service proposed changes to its Outer Continental Shelf deepwater royalty relief regulations on Dec. 21 to conform to a 2004 federal court decision.
12/26/2007 -- Colorado state, federal officials discuss Roan Plateau
The US Department of Interior and the Colorado state officials have begun discussing the Roan Plateau's future and will continue talks over coming weeks, Colorado Gov. Bill Ritter said on Dec. 20.
12/21/2007 -- MARKET WATCH: Crude prices decline in volatile trading
Energy prices declined Dec. 20 as the New York market was pulled between profit-taking and reports that crude exports from OPEC members will decline this month.
12/21/2007 -- Cosco Busan faces over $61 million in Bay cleanup
The cost of cleaning up the San Francisco Bay oil spill is expected to reach $61 million and may rise even higher, according to Admiral Thad Allen, Commander of the US Coast Guard.
12/21/2007 -- Energy will be next US president's biggest test, Lugar says
The winner of the 2008 presidential election will need to take unusually bold steps to address energy and climate change problems, Sen. Richard G. Lugar (R-Ind.) declared.
12/20/2007 -- Indonesia to cut taxes to boost production
Indonesian government, in an effort to boost the country's oil output, said it will abolish import duty, value added tax, and income tax on imports of capital goods used for oil, natural gas, and geothermal exploration and development.
12/20/2007 -- MARKET WATCH: Falling inventory raises crude prices
Crude prices rose Dec. 19 ending a four-session losing streak on the New York futures market as the Energy Information Administration reported US crude inventories dropped to the lowest level since February 2005.

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