Wyoming is looking to get its fair share of royalty payments on natural gas that is burned off from oil wells while petroleum companies figure out how to exploit an oil-bearing formation deep beneath the eastern part of the state.

A public meeting in Casper on Monday November 7, 2011 will bring together staff of the Wyoming Oil and Gas Conservation Commission and Office of State Lands and Investments to talk about the practice of flaring gas from oil wells on state land. Read more »

Enterprise Products Partners L.P and Chesapeake Energy Corporation today November 2, 2011 announced they have entered into a long-term contract whereby Chesapeake would anchor Enterprise’s proposed long-haul ethane pipeline from the Marcellus and Utica shale regions in Pennsylvania, West Virginia and Ohio to the U.S. Gulf Coast. Read more »

World oil prices retreated further on Monday October 31, 2011, in line with the strong dollar and sliding stock markets, as investor enthusiasm waned over last week's eurozone debt deal, analysts said.

New York's main oil contract, light sweet crude for delivery in December, dived $1.30 to $92.02 a barrel.

Brent North Sea crude for December dropped $1.38 to $109.53 a barrel in London late afternoon trade. Read more »

Maryland’s attorney general is urging people in the western part of the state to check with their mortgage lender before signing a mineral-rights lease.

Douglas Gansler says some federally approved mortgages have requirements that conflict with mineral-rights leases. He says property owners who are considering a mineral-rights lease should have their bank or mortgage lender sign off on it to avoid potential legal problems. Read more »