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Progress on tax-sharing oil agreement lags
Negotiations on an agreement to help spur oil exploration on Fort Berthold Indian Reservation should intensify soon, prompted by recent oil discoveries on the reservation’s outskirts, state and tribal officials say.
However, the talks will have some complex employment, tax and regulatory differences to resolve, participants say. The Three Affiliated Tribes has its own oil production [...]
Repsol May Lower Bolivia Reserve Estimates
Spanish-Argentine energy company Repsol YPF may have to lower its estimates of gas reserves in Bolivia when new legislation there comes becomes law, the company’s chairman said Friday.
Antoni Brufau said that depending on the final shape of Bolivia’s new energy regulations, Repsol YPF may be forced to adjust its potential output expectations downwards.
Firm gets permit for drilling
Powertech Uranium Corp. has received a state permit to drill 155 exploratory holes to look for uranium in the southwestern corner of South Dakota.
Approval of the permit Wednesday by the state Board of Minerals and Environment is the first uranium exploration permit issued in more than 25 years.
Powertech president Richard Clement said his company hopes [...]
Congress recesses without drilling pact
Congress failed to strike a deal Friday on expanding offshore oil and gas drilling, another setback in Louisiana’s decades-long quest to get a share of billions of dollars in federal energy royalties to repair its eroding coastline.
Members said they hoped to revive negotiations when they return Nov. 13 from a six-week recess. But the intervening [...]
A good deal on oil drilling
A few months ago, a bipartisan compromise on offshore drilling worked out by Florida Sens. Bill Nelson and Mel Martinez appeared to be the best outcome for the state. The Republican-led House wanted less protection for Florida beaches and refused to accept the Senate’s offer. Then a funny thing happened in the recent election. Republicans [...]
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