A handful of Texas energy companies, consisting of a subsidiary of Murphy Oil, which just recently stated it would move its head office to Houston from Arkansas, made smaller offers. Murphy placed $5. 3 million in quotes. Firm officials decreased to comment during an interview on whether holding the lease sale was motivated by the inbound Biden administration's position on renting federal lands and waters for oil production.
This auction had actually been pressed back from August, authorities said, due to COVID-19 (although Yahya said the hold-up was likely an effort to await oil prices to support following the governmental election). "Without discussing proposed Key Reference by incoming administration authorities, our lease blocks are used many times," stated Kate Mac, Gregor, deputy secretary of the Department of the Interior.
reliance on more carbon-intensive coal-fired power plants. "An affordable and reputable energy supply is important to a strong America," Staples said. Environmental groups slammed the lease sale as a desperate effort by the Trump administration to prefer the oil and gas market rather of relocating to shift the U.S. to types of energy that are less carbon-intensive.
"This lease sale is pouring fuel on the flames of environment modification," stated Emma Pabst, a global warming options advocate with Environment Texas. "It's steadily burning through what little time we have left to act." Disclosure: BP America,.
Kentucky Projects: Barren County, 529 Acres, 7 oil wells equipped, drilled to Fort Payne zone. 500 plus. Need remodelled rod and tubing work. Production from 8 to 10 blbs. day. Additional acres offered; as much as 2000 acres. Western Kentucky. 2500 Acres, 50 wells, 19 operating, producing 46 to 50 barrels of oil/day.
Lincoln County, 400 Acres, Three shallow wells, idle 25years stated to produce 5blb/day requirement to be remodelled. West Virginia Projects: 4600Acres. 42 wells, producing oil and gas. consists of comprehensive Geological reports and reserve reports. Ohio Task: 4000 acres. 91 wells, substantial Geologic reports, with reserve studies, include deep formations to Utica and Marcellus formation.
80 acres with 2 to 2. 5 BOPD. 100% WI with an 80% NRI. Possible for higher production with revamping more wells on this lease. We have actually a permitted Mississippi disposal well we use with zero plugging liabilities. There are a number of wells that require a little TLC to put back into production.
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