In this week's video sponsored by NavPort: In a blow to President Barack Obama’s climate initiatives, a federal judge has ruled the U.S. Bureau of Land Management's fracking regulations sidestepped Congress and are invalid. Meanwhile, A&D activity is still lighting up the Permian Basin and Oklahoma's Stack Play. This week QEP Resources broke records with a Midland Basin acquisition and Marathon Oil expanded its position in the Stack.
Sources:
- Judge Blows Holes In Obama’s Fracking Regs
- QEP Goes Deep In Midland Basin, Adding Inventory In $600 Million Deal
- QEP’s Permian Deal Tops Out At Record $58,000 Per Acre, Analyst Says
- Marathon Oil Builds Stack Position Higher With PayRock Deal
- Pure Energen: With San Juan Sale, Company Now Exclusively Permian
- Anadarko CEO: $60 Oil Needed To Grow Production
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