Search results
Results from the WOW.Com Content Network
There are more than 12 million acres under lease in the Western and Central Gulf of Mexico, with less than 20% producing oil and gas, according to the U.S. Department of Interior.
Biden is set to discuss the move Tuesday during a visit to California, which has had a moratorium on issuing new oil and natural gas leases in its state waters since 1969 and hasn't had an oil ...
Oil and gas are key to the economy of North Dakota, where hydraulic fracturing and horizontal drilling began an oil boom in the late 2000s. State officials pegged a preliminary all-time high of ...
The Responsible Federal Oil and Gas Lease Act (2008), also called the "Use It or Lose It" bill (HR 6251 IH), proposed prohibiting the Secretary of the Interior from issuing new federal oil and gas leases to holders of existing leases who do not either diligently develop the lands subject to such existing leases or relinquish such leases. [9]
The typical service described in farmout agreements is the drilling of one or more oil and/or gas wells. A farmout agreement differs from a conventional transaction between two oil and gas lessees, because the primary consideration is the rendering of services, rather than the simple exchange of money. [1]
Flaring a flow test, the first outward indication of a new oil or gas discovery, which has the potential to qualify for reserves assessment. Oil and gas reserves denote discovered quantities of crude oil and natural gas (oil or gas fields) that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to ...
The old money versus new money distinction generally delineates between individuals or families with inherited wealth and status, versus those who have acquired it more recently through ...
A 2012 study by the Bureau of Ocean Energy Management (BOEM) (part of the U.S. Department of the Interior) estimated undiscovered technically recoverable oil and gas resources in Atlantic federal waters to be 3.30 billion barrels of oil (Bbo) and 31.28 trillion cubic feet (Tcf) of gas. [6]