President Donald Trump had set that figure at $7 or less per ton, but Biden restored it to the $51 per ton the Obama administration had used. The calculations are a required part of the environmental review for federal leases and give the Biden administration a factor excuse to maintain its moratorium on new federal oil and gas leases.

The situation could, however, reinvigorate North Dakota’s federal lease lawsuit, which sought to impose a deadline before which a lease sale would take place. Judge Daniel Traynor told North Dakota that his lawsuit was filed too soon and in the wrong place.

The appropriate venue, Traynor said, was the Louisiana court that issued the nationwide injunction against Biden’s moratorium on new oil and gas lease sales. Biden had ordered the moratorium early in his presidency, part of campaign promises suggesting it was time to end new federal oil and gas leases.

Traynor said at the time that the case could be revived if conditions warrant, and North Dakota filed a motion to revive the dispute last week, asking the court to set deadlines for the next steps in the dispute. ‘case.

North Dakota’s first sale in 2022 was to have 29 plots for sale in North Dakota and Montana.

At the start of the year, most analysts were saying that $100 oil was not unlikely in 2022, but prices would decline thereafter to more reasonable territory between $60 and $70 a barrel.

What a difference an invasion makes. Estimates are now in the $150 a barrel range as increasingly tough sanctions target Russia for its invasion of Ukraine. America and the UK have announced Russian oil embargoes.

Enverus released a report this week suggesting that $150 a barrel of oil is not unlikely in this case.

“Russia exports about 7 million barrels/d of oil and petroleum products, making it one of the largest exporters in the world,” said Matthew Kellor, analyst at Enverus. “Last week, major oil and gas companies – including four super majors – announced their intention to exit their Russian operations. Traders have also reportedly struggled to find buyers for Russia’s benchmark Urals crude, despite deep discounts.

The sale of ConocoPhillips Indonesia’s assets has been completed with an effective date of January 1, 2021. The sale, after customary adjustments, raised approximately $0.8 billion.

The sale is part of an ongoing focus on low-cost sourcing opportunities, the ConocoPhillips chairman and chief executive said.

Meanwhile, the sale of Energy Transfer Canada, Alberta’s largest licensed gas processor, is underway. Energy Transfer will sell its 51% stake to a joint venture that includes Pembina Pipeline Corporation and global infrastructure funds managed by KKR for approximately US$1.3 billion.

The sale is expected to close in the third quarter of 2022 and is expected to earn Energy Transfer $270 million in US dollars, subject to customary closing adjustments.

Energy Transfer Canada’s assets include six natural gas processing plants with a combined operating capacity of 1,290 million cubic feet per day, as well as an 848-mile network of gathering and transmission infrastructure of natural gas in the Western Canada Sedimentary Basin.

Energy Transfer said in a press release that it would use the funds to further deleverage its balance sheet and redeploy capital to the United States.

The Standing Rock Sioux Tribe met with U.S. military officials and other leaders from across the tribal nation last week to discuss the Dakota Access pipeline.

The meeting request came from the US Army Corps of Engineers. SRS Tribe President Janet Alike said the day was long overdue and the tribe planned to highlight its many objections to the crossing of the Dakota Access Pipeline, which sits 90 feet below Lake Oahe.

“The Department of the Army is taking the time to give the tribes an opportunity to finally voice their concerns and really listen,” Alkire says. “It is important to me that all tribes of the Great Plains be invited to be part of this conversation. Together in unity we are strong, and it is not just Standing Rock that will be affected by an oil spill. A catastrophic oil spill could pollute much of the country’s drinking water. It is unclear how wide the spread of the toxin from such a spill could be, potentially affecting other surrounding tribes and millions of people downstream.

Earlier this year, Standing Rock pulled out as the cooperating agency of the EIS that the US Army Corps of Engineers oversees, citing a lack of transparency and said it felt its concerns were being ignored. .

They had requested an alternate EIS from the Department of the Interior instead of the US Army Corps of Engineers.

The company working on the development of a hydrogen hub near Beulah is adding two executives to its team, Joseph A. Samluk Jur. And Dave Mondragon.

Samluk will focus on the commercial development of hydrogen offtake in the agriculture and transportation sectors, while Mondragon will serve as a strategic advisor in transportation.

Samluk has more than 30 years of experience in executive and other leadership positions with Wall Street and Fortune 500 companies, while Mondragon is a 37-year veteran of the automotive industry. He helped make Ford a top-selling brand in Canada, increasing revenue by $2 billion, and under his leadership Ford was the top-selling brand in America for three consecutive years as well, generating record profits here. also. Mondrogan is currently Vice President of Product Development at S&P Global Mobility, where he leads a specialized team of product engineers established to create and launch new products and services.

“Bakken Energy is thrilled to welcome these great people to our team,” said Bakken Energy Founder and President Steve Lebow. “The evolution of hydrogen uses is very dynamic in many sectors of the economy, particularly in the agriculture and transport sectors. These professionals are the best in their field at recognizing and exploiting growth opportunities. »

Lebow was a key financier of companies such as Costco Wholesale, PetSmart, Dick’s Sporting Goods, Envestnet, Bill me Later (sold to PayPal) and ULTA Beauty.

CEO Mike Hopkins and co-founders Curt Launer and Shane Goettle, along with chief investment officer Martin Murrer lead Bakken Energy’s development plans.

Goettle is a longtime North Dakota businessman and attorney with more than 25 years of state and federal experience. He is the former head of the North Dakota Department of Commerce and former president of EmPower North Dakota, which develops comprehensive energy policy recommendations. Murrer has been an investment banker for more than 40 years on Wall Street and oversees The Ohio State University‘s endowment, while Hopkins has successfully developed 54 energy projects worldwide, totaling more than twelve gigawatts. Launer was Wall Street’s top natural gas industry analyst for 12 years and is in Institutional Investor magazine’s Hall of Fame.

North Dakota’s Brownfields program will now include oil-contaminated sites after the size of the state’s annual Brownfields Response Grant was increased.

The annual grant, which comes from the EPA, is used for environmental assessment and the cleanup of hazardous materials on non-productive properties. It has often been used in North Dakota to remediate asbestos contamination in buildings, but it can be used to treat all hazardous materials at any eligible site.

Applications are open to government units ranging from cities and counties to state entities. For more details, visit online at deq.nd.gov/WM/Brownfields

Comment period for Air Pollution Control Permit to construct Tesoro Great Plains Gathering & Processing in Billings County. Online at https://tinyurl.com/24pzv5n6.

The API released a poll showing that 9 out of 10 American voters prefer American energy production to dependence on foreign energy. It’s online at https://tinyurl.com/3ym66d22.