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Tag: American Energy

Trump Venezuela Oil Deal Could Unlock $200 Billion and Expand US Energy Supply
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Fox Business, Approved, National

Trump Venezuela Oil Deal Could Unlock $200 Billion and Expand US Energy Supply

By Michael Sinkewicz | FOX Business Secretary of State Marco Rubio called the agreement a 'huge win' that could bring nearly $100B in private investment. Venezuelan interim President Delcy Rodriguez on Saturday touted a "historic" oil agreement with the United States announced by President Donald Trump. Speaking during an evening address, Rodriguez celebrated the agreement, saying it would help revive Venezuela's economy. She said the deal would remain in effect for 25 years and initially target crude production of more than 1.5 million barrels per day while preserving the South American country's sovereignty over its natural resources. "This 25-year bilateral project envisages the development of 17 strategic oilfields with a production target of more than 1.5 m...
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Southern Ute Tribe Secures Historic Energy Agreement With Interior Department
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Approved, KJZZ, State

Southern Ute Tribe Secures Historic Energy Agreement With Interior Department

By Gabriel Pietrorazio | KJZZ Earlier this month, a tribe from the Four Corners region has inked a historic deal with Interior Secretary Doug Burgum advancing the Trump administration’s “Unleashing American Energy” agenda. The Southern Ute Indian Tribe in southwest Colorado sitting above the border of New Mexico has entered the first-ever TERA — or Tribal Energy Resource Agreement — more than two decades after Congress enacted the law. This allows the nearly 1,500-member tribe to handle its own business — without obtaining expressed permission from the feds to lease energy projects and issue right-of-ways on the 700,000-acre reservation near Durango. Doing so is supposed to streamline the process by reducing delays. READ THE FULL ARTICLE AT KJZZ
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USGS confirms massive gas reserves under federal land in western Colorado
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The Daily Sentinel, Approved, Local

USGS confirms massive gas reserves under federal land in western Colorado

By Dennis Webb | The Daily Sentinel A new U.S. Geological Survey national report points to the large amount of estimated undiscovered natural gas lying below federal lands in western Colorado, and two recent assessments zero in on newly estimated undiscovered oil and gas in a region including parts of northwest Colorado. The USGS recently released a report on undiscovered oil and gas resources in formations under federally managed public lands. It estimated that nationally there are technically recoverable resources of 29.4 billion barrels of oil and 391.6 trillion cubic feet of gas. That’s enough oil to supply all of the country’s needs for four years at the current rate of consumption, and enough gas to meet national needs for 12 years. However, the report doesn’t take into acco...
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