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MARKET WATCH: Oil, gas prices end March on strong note

Crude oil futures on the New York and London markets were down slightly Mar. 31 after weekend talks between US Sec. of State John Kerry and Russian Foreign Minister Sergei Lavrov seemingly yielded little progress toward resolving the Ukraine conflict.

Apache to sell more Western Canada assets

Houston independent Apache Corp. has agreed to sell its producing oil and gas assets in the Deep basin area of western Alberta and British Columbia for $374 million. The transaction is expected to close on or about Apr. 30.

MARKET WATCH: Crude oil futures end week above $100/bbl mark

The New York Mercantile Exchange May crude oil contract was up 39¢ on Mar. 28, closing at $101.67/bbl. The June contract increased 36¢ to settle at $100.89/bbl.

Workshops planned on offshore voluntary near-miss reporting system

Workshops will be held Apr. 22 in Los Angeles and Apr. 24 in Houston to discuss the federal government’s new voluntary near-miss reporting system for oil and gas producers, the US Bureau of Safety and Environmental Enforcement announced in a Mar. 31 Federal Register notice.

API report unveils economic gains from US crude exports

A recent study details significant US jobs gains, reduced consumer fuel costs, and robust economic growth associated with future crude oil exports, according to Kyle Isakower, vice-president for regulatory and economic policy for the American Petroleum Institute. The new study, by ICF International and EnSys Energy, was released Mar. 31 during an API conference call.

Cooper Energy buys into Basker-Manta-Gummy fields

Cooper Energy Ltd., Adelaide, has acquired a 65% interest and operatorship of the the Basker-Manta-Gummy (BMG) oil and gas fields in Bass Strait.

TPG to acquire Encana’s Jonah field operations for $1.8 billion

An affiliate of TPG Capital has agreed to acquire certain natural gas properties in Jonah field in Sublette County, Wyo., from Encana Oil & Gas Inc., a wholly owned subsidiary of Encana Corp., for $1.8 billion.

Empire names chief executive officer

Empire Oil & Gas NL, Claremont, Western Australia, has selected Ken Aitken as its chief executive officer. He will assume the position in May.

Marking milestones

It's said that March comes in like a lion and goes out like a lamb. While that may be the case most years—and most definitely was the case this year, if one considers the weather in Houston alone—this particular March marked a few milestones for the oil and gas industry worth noting here.

White House eyes steps to curb oil, gas methane emissions

The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included regulations to be proposed later this year by the US Bureau of Land Management to curb natural gas flaring on public lands.

FWS lists lesser prairie chicken as threatened species

The US Fish and Wildlife Service listed the lesser prairie chicken as a threatened species. While the Mar. 27 final rule fell short of the endangered status many environmental organizations sought, it also disappointed Midcontinent oil and gas producers and others involved in a five-state environmental impact mitigation effort to make any federal listing unnecessary.

TransAtlantic to acquire concessions in Poland

TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has signed a nonbinding term sheet with San Leon Energy PLC of Dublin and Hutton Energy PLC of London in which TransAtlantic Worldwide would receive 50% interest in nine Polish concessions encompassing 1.9 million gross acres.

MARKET WATCH: Crude oil futures sustain $100/bbl price level

Crude oil futures prices on the New York Mercantile Exchange sustained levels above $100/bbl during trading on Mar. 27 after breaching that threshold earlier in the week. 

Petsec Energy buys block interest in Yemen

Petsec Energy Ltd., Sydney, has made its maiden entry into the Middle East, signing an agreement with fellow Sydney firm AWE Ltd. to acquire a 21.25% participating interest in Block 7 of the Al Barqua permit in Yemen.

Approaches in contrast

Two approaches to climate change contrast instructively in the US. One of them reflects the cost-blind absolutism fast dismantling support for programs aimed at lowering emissions of greenhouse gases.

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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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