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Contango Oil & Gas Co. has agreed to buy interests in about 12,100 gross undeveloped acres in the southern Delaware basin of Texas from a private oil and gas company for as much as $25 million.

Silver Run Acquisition Corp., Houston, has agreed to acquire a controlling interest in Centennial Resources Production LLC and expects to be renamed Centennial Resource Development Corp.

The US Pipeline & Hazardous Material Safety Administration proposed new oil spill response and information procedures for high-hazard flammable trains (HHFT) in coordination with the Federal Railroad Administration.

One of many problems with governmental manipulation of markets is that governments seldom anticipate ancillary consequences accurately if at all.

The US Bureau of Ocean Energy Management notified federal offshore oil and gas leaseholders that it is updating financial assurance and risk management requirements to ensure that taxpayers never have to pay for decommissioning and removing a company's offshore production facilities. Officials from two trade associations quickly criticized the agency's action.


The expected financial returns are higher for a project in the Shale Crescent region (WV, PA, OH) compared with a G… https://t.co/ixxnfEvBrB

Let’s unleash the power of WV’s oil and gas industry to grow jobs and investment by passing the Majority Protection… https://t.co/0DkBI1GevH