BOEM Issues New Estimates on Gulf of Mexico OCS Oil & Gas Reserves

The Bureau of Ocean Energy Management recently announced the availability of a new report on estimated oil and gas reserves in the Gulf of Mexico Outer Continental Shelf as of December 31, 2013. According to the report, compared to Dec. 31, 2012 estimates, Original Reserves (Cumulative Production + Reserves) rose from 22.11 to 22.19 billion… More »

Western Gulf of Mexico Lease Sale Attracts ~$23 Million in High Bids

The Interior Department recently announced the results of Western Gulf of Mexico Lease Sale 246  off Texas.  The lease sales garnered nearly $22.7 million in high bids for 33 tracts covering ~190,080 acres. Calling the Gulf of Mexico the “keystone of the Nation’s offshore oil and gas resources,” Bureau of Ocean Energy Management Director Abigail… More »

North Carolina County Considers Two Year Fracking Moratorium

In North Carolina, the Stokes County Board of Commissioners may consider a two-year moratorium on fracking at a meeting on September 14. The Winston-Salem Journal reports “Ronda Jones, the chairwoman, said this week in a telephone interview that she has requested a draft moratorium based on one that was approved last month by the Chatham… More »

Youngstown, Ohio Files Complaint about Ruling on Anti-Fracking Initiative

The city of Youngstown, Ohio has filed a complaint with the Ohio Supreme Court claiming that the Mahoning County Board of Elections’ refusal to put an anti-fracking initiative on the November ballot is illegal. According to The Vindicator, the Board’s decision to not place the initiative on the ballot was largely based on a February… More »