While the play’s potential is undetermined, evidence indicates Oklahoma’s STACK play is delivering impressive results, with operators committing more than $2.5 billion in 2017 capital to its development, according to new analysis from IHS Markit.
Another national monument is safe from changes, according to the Trump administration. U.S. Secretary of the Interior Ryan Zinke is recommending no changes be made to 154,000-acre Sand to Snow National Monument east of Los Angeles in Southern California, Kallanish Energy reports.
The U.S. Department of the Interior on Wednesday reported that the latest Gulf of Mexico lease sale generated $121 million in high bids for 90 tracts covering 508,096 acres, Kallanish Energy reports.
Neil Chatterjee says one of his top priorities in his new role as interim chairman of the Federal Energy Regulatory Commission is to ensure coal and nuclear power receive some form of compensation for the "resilience and reliability" benefits they provide to the U.S. power grid.