2016 September-October Alex Mills Texas 

Numerous States, Oil & Gas Industry Fighting EPA’s New Methane Rule

States and industry representatives continue to challenge in court the legality of the Environmental Protection Agency’s (EPA) methane rules aimed at the domestic oil and gas industry. Texas Attorney General Ken Paxton filed suit in the US Court of Appeals for the District of Columbia recently challenging EPA’s “federal overreach”. More than a dozen states have sued over the rule… Read More
#OilmanNEWS 2016 September-October Oklahoma 

Chesapeake Energy on the Rise Once Again

Oklahoma City-based Chesapeake Energy on Aug. 17 announced that it secured a $1 billion loan for buying back a portion of the company’s outstanding debt. The move is part of Chesapeakes continuing transformation to improve its financial standing as it attempts to streamline operations and eliminate unnecessary costs. It’s no secret that Chesapeake Energy, and the oil industry as a… Read More
#OilmanNEWS 2016 September-October 

Suppliers Must Adapt to Maintain Innovation

In order to avoid losing innovative progress without going insolvent, companies are finding it prudent to partner up to foster a creative yet affordable environment. National Oilwell Varco (NAV) and GE Oil and Gas announced an agreement earlier this month that focuses on developing solutions for Floating Production Storage and Offloading (FPSO) vessels. By combining the resources of both of… Read More
#OilmanNEWS 2016 September-October 

Judge Rules Fracking Cannot Be Regulated by Federal Government without Approval

A judge in the District Court of Wyoming recently rejected the Obama administration’s proposal for regulating hydraulic fracturing (fracking) on federal lands. The proposed rule is viewed as an overextension of the administration’s ability to enforce laws. Judge Scott Skavdahl, who was nominated in 2011 by Obama, said that the rule “is in excess of its statutory authority and contrary… Read More
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