Industry groups slam new US royalty rule

The US Department of the Interior has published a final rule that industry groups fear will enable federal officials to second-guess oil and gas values used in royalty calculations. Source: News


EIA: US oil output fell 8% year-over-year in April

US crude oil production during April amounted to 8.933 million b/d, a decline of 2.5% from the March average and 7.9% from the April 2015 average, according to the US Energy Information Administration’s latest monthly production survey. Source: News