U.S. Energy Department Announces Crude Oil Purchase to Test Market

Oil and Gas Lease Sale in Montana and North Dakota Generates $38 Million

The Bureau of Land Management on Sept. 15 reported that an oil and gas lease sale covering 23 parcels in Montana and North Dakota generated more than $38 million in revenue. The sale, which encompassed roughly 7,600 acres, surpassed the agency’s total national energy and timber receipts from the last quarter. The results indicate increased…...

Oil Gas Methane

U.S. Interior Updates Guidelines to Accelerate Plugging of Orphaned Oil and Gas Wells

The U.S. Interior Department on July 17 announced that it has revised its procedures for states applying to federal programs intended at cleaning up abandoned oil and gas wells. The updated guidance modifies two grant programs—the $1.93 billion Orphaned Wells State Formula Grant Program and $780 million Orphaned Wells State Matching Grant Program. The revisions…...