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Light, sweet crude oil prices rose by more than $1/bbl June 7 on the New York market while Brent crude oil prices rose about $2/bbl in London in what has been a volatile week for oil prices. Oil prices fell again in early June 8 trading on the New York futures market.

Northern Oil & Gas Inc., Minneapolis, has acquired oil production and acreage in the Williston basin of North Dakota from Salt Creek Oil & Gas LLC, Denver, for $40 million and 6 million shares.

US Sen. Bill Nelson (D-Fla.) filed an amendment to the annual national defense bill aimed at keeping crude oil exploration and production out of the eastern Gulf of Mexico for an additional five years.

A US House Natural Resources subcommittee discussed four proposals on June 6 that Republicans said would make onshore federal oil and gas permit application processing more efficient and fair. Democrats warned that if the discussion drafts became law, they would discourage public participation in deliberations under the 1970 National Environmental Policy Act (NEPA). 

Pennsylvania Gov. Tom Wolf (D) and Department of Environmental Protection Sec. Patrick McDonnell jointly announced new general permits for unconventional natural gas wells and compression, processing, and transmission facilities that they said will reduce air pollution and establish a methane emissions control threshold. 

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RT @AnteroResources: Don't forget – our 3rd annual oil and gas dodgeball tournament is on June 15! Proceeds benefit Patrons of the Parks an…

RT @energizeWV: “The Cheat River is a beautiful river and one that stood out to us as a place that we could make a positive impact," Rowlan…