Phillips 66 Partners LP has agreed to acquire Phillips 66’s 25% interest in each of Dakota Access LLC and Energy Transfer Crude Oil Co. LLC as well as 100% interest in Merey Sweeny LP. Source: News
Lundin offshoot IPC to buy Cenovus's assets in Alberta
A wholly owned subsidiary of Vancouver-based International Petroleum Corp. (IPC), the non-Norwegian spinoff of Lundin Petroleum AB, has agreed to acquire Cenovus Energy Inc.’s interests in the Suffield and Alderson conventional oil and gas areas of southern Alberta for $512 million (Can.). Source: News
Ohio EPA asks state's attorney general to begin Rover Pipeline action
Saying that negotiations to resolve allegations that Rover Pipeline LLC and PreTec Directional Drilling LLC violated two state environmental regulations are no longer productive, the Ohio Environmental Protection Agency asked Ohio Atty. Gen. Mike DeWine (R) to begin civil proceedings against the pipeline developer and its contractor. Source: News
Higher federal court's appeal dismissal in BLM fracing suit is mixed
A federal appeals court in Denver dismissed six environmental organizations’ appeal of a district court’s decision invalidating the US Bureau of Land Management’s regulation of hydraulic fracturing at oil and gas operations on onshore public lands. Source: News
Oil, gas groups back BLM's plan to rescind 2015 fracing rule
The American Petroleum Institute, Independent Petroleum Association of America, and Western Energy Alliance expressed their support on Sept. 25 for the US Bureau of Land Management to rescind its 2015 hydraulic fracturing rule. Source: News
Mancos shale improves San Juan basin prospectivity
Despite numerous false starts, the Mancos shale in northwest New Mexico has potential to compete with some Permian assets to its south. The Gallup sandstone has maintained productivity in recent years in northern New Mexico. Source: News
Considering FERC at 40
The US Federal Energy Regulatory Commission celebrated its 40th anniversary on Oct. 1, about a month after resuming full business following its not having a quorum since the end of January. Source: News
A new contingency
Geopolitics reasserted itself in the oil market Sept. 25, when the price of Brent crude reached its highest level since July 2, 2015: $59.42/bbl. Prices jumped not for fundamental market reasons but because Iraqi Kurds held an internationally contested referendum. Source: News
Louisiana's industry crisis
An indispensable state for US oil and gas operations continues to disappear at an alarming rate. Source: News