A new geological assessment of the Big Sandy Foothills and Northern Red Desert did not find significant oil and gas deposits in the region.

HOUSTON, Aug. 10, 2020 /PRNewswire/ -- McDermott International Ltd. today announced the beginning of commercial operation of Train 3 at Cameron LNG, which is jointly owned by Sempra LNG, Total S.E., Mitsui & Co., Ltd. and Japan LNG Investment LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).

“It’s unprecedented," said Nathan McLeland, manager at M&K Oil Company. "I’ve never seen anything like this. It’s terrifying. Oil, gas and minerals are the backbone of our economy."

The company plans to continue its operations in the Rocky Mountain Region, and maintain employees during the bankruptcy.

7/20/2020 To 7/24/2020

HOUSTON, Aug. 5, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of July 2020, the Company had an average of 60 drilling rigs operating.

Wyoming workers laid down the state's last operating gas rig this week. Before this summer, the last time Wyoming's gas rig count hit zero was 1884 — six years before statehood.

Crews will take staggered, two-week furloughs in August and September.

OKLAHOMA CITY, Aug. 3, 2020 /PRNewswire/ --

FINDLAY, Ohio, Aug. 2, 2020 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd. (3382: Tokyo), whereby 7-Eleven will acquire Speedway for $21 billion in cash. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions and regulatory approvals.

New Horizontal Well Permits

Environmental activist groups who attacked oil and gas companies for receiving COVID-19 relief accepted millions in paycheck relief loans, according to government documents released earlier this month.

A state mineral lease sale was held on June 2.

The Day of The “Wildcat”

OKLAHOMA CITY, June 15, 2020 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today highlighted its longstanding commitment to Environmental, Social and Corporate Governance (ESG) practices and initiatives with the release of its 2019 ESG report.

The Department of Energy will rent space to oil producers to store their surplus crude amid a decrease in demand linked to the coronavirus pandemic. 

A federal judge on Friday upheld the Trump administration’s decision to repeal an Obama-era rule that established standards for hydraulic fracking on federal land.

WASHINGTON – The Navajo Generating Station will shut down for good in a matter of days, the plant’s owners announced this week, once the plant burns through its remaining supply of coal.

A bill to halt oil and gas development via a 10-mile exclusionary zone surrounding Chaco Culture National Historical Park drew opposition from local residents and the representative governments located nearby at a subcommittee hearing yesterday.

The Interior Department requested last week that a federal circuit court allow it to revise environmental reviews of oil and gas leases sold in 2015 and 2016 in Wyoming, Utah and Colorado.

The Bureau of Land Management had a record year for revenues from onshore oil and gas lease sales, as well as production in 2018, according to data released by the agency this week.

The rural region connecting eastern Utah and western Colorado are home to abundant natural gas supplies that promise to compete in global markets and deliver climate benefits along the Pacific Rim yet depend on completion of proposed infrastructure projects, according to a new report. The an…

RED VALLEY — Arizona isn’t known as a big oil producing state, like Texas and North Dakota, but what oil is produced here is on Navajo land.

(February 27, 2019)

While it seems to fly in the face of everything we believe and have been taught about nuclear power, it may actually be the safest form of power production that we have. Ironically, the immense potency of the power of splitting an atom is simultaneously what makes nuclear weapons so dangerou…

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a B…

Buried deep in a brief document filed with the U. S. Court of Appeals for the District of Columbia Circuit is a sentence that likely has gotten little notice: “In addition, despite government counsel’s diligence, the government has not yet completed the process for the Solicitor General to d…

NEW YORK--(BUSINESS WIRE)--Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group (ASX: MQG; ADR: MQBKY), today announced the hiring of Chris Rutherford as a Managing Director. Mr. Rutherford will cover upstream oil and gas companies and be…

Following President Trump’s State of the Union address, Acting Secretary of the Interior David Bernhardt  paid a visit to Hobbs, N.M. today to help promote the administration’s agenda on energy issues.

By 2030, oil demand could hit a peak and then enter decline, according to a new report.

Oil Search said Jan. 24 that it has exercised its option with Armstrong Energy to acquire a 50 percent interest in, and operatorship of, the 195,200-acre block of leases on the eastern North Slope held by Lagniappe Alaska LLC, a 100 percent-owned Armstrong company.

Editor's Note: The Rocky Mountain Oil Journal began its life as the Montana Oil Journal almost one hundred years ago. It was originally established in Great Falls, but is now based in Denver.

Saudi Arabia isn't buying the peak oil demand narrative. 

The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow.

DENVER, CO — The Colorado Supreme Court issued a decision today, restoring the rights of property owners, and reinstating the longstanding regulations on energy exploration enacted by the Colorado State Assembly.  

What's New This Quarter

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.

Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading.

As national parks have soared in popularity in recent years, local leaders in the communities surrounding Yellowstone spoke to U.S. Sen. Steve Daines (R-Mont.) about how increased visitation is leading to strain on resources in the area during a Congressional field hearing on Friday.