Carrizo Oil & Gas Inc., Houston, received $212 million Jan. 31 after closing on the sale of certain Eagle Ford assets to an undisclosed buyer. A deposit of $24.5 million was paid after the deal to sell the 24,500 net acres was announced in December 2017. Source: News

Two top Democrats on the US House Natural Resources Committee asked the Government Accountability Office to examine how many federal onshore oil and gas drilling permits are actually being used after the US Bureau of Land Management implemented reforms in 2017 following earlier investigations.   Source: News

ExxonMobil Corp.’s US upstream earnings recorded a loss of $429 million for full-year 2017, excluding US tax reform and impairments. With $7.6 billion of tax reform benefits and $521 million in asset impairments, the supermajor reported $6.6 billion in US upstream earnings in 2017. Source: News

Haldor Topsoe has confirmed details of its previously awarded contract to deliver engineering and technology for new units at Houston-based IGP Methanol’s proposed project to build a 7.2 million-tonne/year Gulf Coast Methanol Complex on a 140-acre parcel adjacent to the Mississippi River near Myrtle Grove in Plaquemines Parish, La. Source: News

The US Bureau of Land Management discontinued master leasing plans (MLP) on Jan. 31 after determining that they created duplicative National Environmental Policy Act review layers. It launched the program in May 2010 to address a federal onshore oil, gas, and minerals leasing system in which nearly half of all proposed parcels received community protests, […]

Light, sweet crude oil for March delivery on the New York market gained more than $1 on Feb. 1 to settle at $65.80/bbl. Meanwhile, some investment bankers have increased their 2018 oil price forecasts. Source: News