US Interior Sec. Ken Salazar hailed the collaboration that made an agreement possible as he signed the record of decision authorizing Anadarko Petroleum Corp.'s Greater Natural Buttes natural gas project in eastern Utah.

The White House announced five final rules on May 10 that it said would save nearly $6 billion in the next 5 years by eliminating outdated regulations and unjustified requirements.

The Obama administration is reaching out to the oil and gas industry more than it did initially to develop regulations, but it is not an election-year gimmick, a leading White House official said.

Oklahoma City independent Chesapeake Energy Corp. is confident it will complete assets sales to help resolve financial concerns, its chief executive officer told analysts and investors during a conference call in which he also outlined a new $3 billion loan.

An independent review of the US Environmental Protection Agency's draft report on water near Pavillion, Wyo., concluded scientific analysis fails to support EPA's suggestion that hydraulic fracturing possibly contributed to water contamination, the Independent Petroleum Association of America reported.

Policies that reduce the US transportation system's heavy reliance on petroleum products would more effectively shield consumers from volatile prices and supply interruptions in the long term than simply increasing US production, a new Congressional Budget Office study concluded.

The American Petroleum Institute announced it will try to make more access to federally controlled energy resources, commonsense regulations, quicker permit decisions, and market-based renewable and alternative energy research and development provisions in the 2012 Democratic and Republican party platforms.

Polarization of US politics distorts conversation about regulation. The oil and gas industry has witnessed too often the default assertion that one side supports regulation while the other opposes it. This is absurd. Regulation exists.