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Saudi Aramco Pres. and Chief Executive Officer Amin H. Nasser welcomed a Mar. 27 tax cut that he said would bring his company’s tax burden “in line with international benchmarks.” In a move seen as preparation for an initial public offering of 5% of the company as early as next year, the government lowered Aramco’s tax rate to 50% from 85%.

US President Donald J. Trump signed H.J. Res 44, effectively overturning the US Bureau of Land Management’s Planning 2.0 rule. “[It] took control of land-use decisions away from states and local decision makers and gave it to Washington, and that’s not good,” the president said in a Mar. 27 White House ceremony where he signed three similar bills passed under the Congressional Resolution Act.

The light, sweet crude oil contract for May delivery rebounded modestly on the New York market Mar. 28 to settle at nearly $48.40/bbl after approaching a 4-month low earlier in the week. Analyst said news of an oil disruption in Libya supported oil prices.

US commercial crude oil inventories have risen in 11 of the first 12 weeks of 2017.

US President Donald J. Trump signed a much-anticipated executive order that was directed more at energy than environmental regulation. While it calls for a reevaluation of former President Barack Obama’s Clean Power Plan, which was designed to aggressively reduce carbon emissions, Trump said his Mar. 28 order also will lift the federal coal leasing ban Obama’s administration imposed; “lift the job-killing restrictions on the production of coal, oil, and gas”; and return regulatory power to states.


RT @AnteroResources: More than $1B has been paid to West Virginia's local communities in taxes and more than 70,000 jobs have been created.…

RT @AnteroResources: Thanks to local natural gas producers like Antero, West Virginians reap the benefits of steady production. https://t.c

Encouraging and mentoring women in the oil/gas industry is the goal of WVONGA’s 5th Annual Embracing Energy Confere… https://t.co/U29iJlIXRF

RT @energizeWV: Hat’s off to the WV Congressional delegation, the Federal DOE and others for pushing this forward. Build it! “Ethane Stora…