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MARKET WATCH: Crude oil prices fall on economic indicators, Libyan news

Crude oil prices dropped on New York and London markets in Feb. 3 trading, and analysts said traders focused on weaker-than-expected US and Chinese economic indicators along with the possibility of Libya boosting its oil exports toward more normal levels.

Why Congress still matters

Oil and gas industry leaders generally don't expect the US Congress to do much about energy in 2014. But they haven't necessarily written federal lawmakers off.

EPA agrees to reconsider 2013 cellulosic biofuel quotas

The US Environmental Protection Agency said it will reconsider 2013 cellulosic biofuel quotas it has made final because of new information the American Petroleum Institute and American Fuel & Petrochemical Manufacturers brought to its attention.

SOTU: Obama to stick with 'all-of-the-above' energy strategy

US President Barack Obama quickly cited the US oil and gas renaissance for helping the nation's economy recover in the last 5 years, and said in his fifth State of the Union address that natural gas will need to play an even bigger part in the future.

Washington oil, gas outlook for 2014 contains certainty, but also questions

US oil and gas leaders began 2014 with a handful of certainty and a bucketful of questions about what might happen in Washington during the coming year.

More energy distortion

In his State of the Union Address Jan. 28, US President Barack Obama perpetuated an energy policy that's distorted in promotion and discredited in direction.

Chu: Decision to build Keystone XL pipeline a political one

The decision on whether to permit the construction of the Keystone XL crude oil pipeline is a political one and not one of that is scientific in nature, according to former US Energy Sec. Steven Chu.

ExxonMobil expands Permian acreage, enters Utica agreement

XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to fund development to gain operating equity in 34,000 gross acres in the liquids-rich Wolfcamp in Texas’s Midland and Upton counties, increasing the company’s holdings in the Permian basin to just more than 1.5 million net acres.

MARKET WATCH: Oil futures price ends month about $2 higher than start of year

The March crude oil contract ended the month lower than the prior day’s closing price but was still nearly $2 higher than the start of January.

BLM extends comment period for Monument Butte gas project draft EIS

The US Bureau of Land Management will provide an additional 30 days for public comments on the draft environmental impact statement for Newfield Exploration Co.’s proposed Monument Butte natural gas project in eastern Utah.

Range Resources selects chief executive officer

Range Resources Ltd. has named Rory Scott Russell as its chief executive officer.

No major environmental impact from Keystone XL, DOS says

The proposed Keystone XL crude oil pipeline’s construction and operation would not have significant environmental impacts, the US Department of State said in its long-awaited final supplemental environmental impact statement for the 1,700-mile project.

People

Hydraulic fracturing stuck in New York policy vacuum

Persistent institutional indecisiveness by elected officials in New York State has placed the state in the position of not having a statewide policy addressing the issue of energy development as it relates to hydraulic fracturing in the oil and gas industry.

Devon to raise Eagle Ford shale production by 40%

Devon Energy Corp. plans to spend nearly $1.3 billion to increase its Eagle Ford shale production nearly 40% in 2014 as the company begins full-scale development of its new position in the booming South Texas play.

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IMC Global

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Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization.

Assistant/Associate Professor of Petroleum Engineering in Reservoir Characterization

Missouri University of Science and Technology/Geological Sciences and Engineering Department is NOW HIRING: Assistant/Associate Professor of Petrol...
idahodepartmentofland

STATE OF IDAHO NOTICE OF SALE OF OIL AND GAS LEASES

NOTICE IS HEREBY GIVEN that the State Board of Land Commissioners of the State of Idaho, pursuant to IDAPA 20.03.16, will offer oil and gas leases ...
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Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

Optimizing Careers for Oil and Gas Leaders Through Professional Short Courses at Colorado School of Mines

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