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The US Bureau of Land Management has removed some south-central Montana parcels from an upcoming oil and gas lease sale to evaluate potential environmental impacts, the agency’s Montana-Dakotas state office said on Mar. 5.

Industry faces many political uncertainties including time-consuming permitting requirements, which can be costly for pipeline companies, Greg Armstrong, chairman and chief executive officer of Plains All American Pipeline LP, said during CERAWeek by IHS Markit on Mar. 5 in Houston.

Light, sweet crude oil prices toppled more than $1/bbl on the New York market on Mar. 7 after the US Energy Information Administration’s weekly inventory report showed crude supplies rose 2.4 million bbl.


Carbon policy and technology are two factors influencing North American pipeline infrastructure growth, panelists said at CERAWeek by IHS Markit Mar. 7 in Houston.

Devon Energy Corp., Oklahoma City, has agreed to sell the southern portion of its Barnett shale position for $553 million to an undisclosed buyer.


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