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DAILY ENERGY NEWS  | 09/09/2025
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Offshore drilling is part of the solution, Governor Gavin...you're the real problem.


Bloomberg (9/8/25) reports: "Governor Gavin Newsom is seeking to impose further restrictions on California’s offshore oil industry, a setback to Sable Offshore Corp. and its controversial project off the coast of Santa Barbara County. The legislative package Newsom is proposing would see California demand stricter testing for restarting inactive intrastate oil pipelines, according to people familiar with the negotiations, who asked not to be identified discussing private deliberations. The regulation is seen by Newsom’s office as a way to alleviate the environmental blowback from another proposal championed by the governor that would ease drilling permits in the state’s interior. Both proposals, which are still under negotiation, are expected to be included in legislative text this week."

"The EPA is telling us in no uncertain terms that U.S. efforts to address climate change are over. For the industries that contribute most to climate change, the message is ‘pollute more.'" 

 

– Abigail Dillen, President of Earthjustice

The scramble for the Arctic continues, with an assist from Texas.


Anchorage Daily News (9/8/25) reports: "Narwhal, whose officials did not respond to requests for comment, has been quietly gearing up for what industry observers describe as one of the industry’s most intriguing drilling efforts in recent years. This winter, the company plans to sink as many as five exploration wells into state land beneath West Harrison Bay — a shallow inlet of the Beaufort Sea. The effort targets an oil-rich geologic formation, the Nanushuk, that had been mostly disregarded by the industry until a decade ago. That’s the same oil deposit being tapped by two huge onshore oil fields already under construction: ConocoPhillips’ Willow project and Santos’ Pikka project. Narwhal’s plans signal a notable step toward development in a remote area that geologists have long thought could hold huge reserves, but that has seen little exploration. It would be the first company ever to drill in West Harrison Bay."

If New Mexico hadn't been so anti-fossil fuel, maybe we'd feel bad for you.


E&E News (9/8/25) reports: "Falling royalty rates for oil and gas production are poised to strike one state more than any other: New Mexico. Congress this year cut federal oil and gas royalty rates by 25 percent, reducing the income that states earn for leased mineral rights on public lands in their territory. New Mexico is the second-largest oil-producing state in the country and the largest federal mineral lease earner. But it’s expected to get billions of dollars less in income in the coming decades as a result of the cuts. A Democratic lawmaker on the state’s finance committee and the state’s land office said the changes could jeopardize New Mexico’s ability to provide education and health care services to its population. As a blue state that is heavily reliant on the oil industry, New Mexico is poised to take a financial hit from the administration’s changes, according to economic estimates. But the White House and Republicans reject such projections, arguing that Trump’s fossil fuel push could boost revenue."

If only the left would get out of Trump's way.


Real Clear Energy (9/8/25) opinion: "President Trump’s actions to reverse the Biden administration’s dangerous environmental and climate policies have not been immune from the parade of lawsuits. But environmental extremists have always been bolder. For years, they have aggressively used the courts to attack not just government policies and agencies, but companies themselves over often fanciful theories of cause-and-effect. One consistent effort has been an attempt to hold coal, oil and gas companies accountable for their alleged roles in 'climate change.' Across the country and in various local, state and federal courts, lawsuits have been filed accusing energy industries of misleading the public or covering up the impacts of their actions on weather patterns."

Energy Markets

 
WTI Crude Oil: ↓ $62.81
Natural Gas: ↓ $3.13
Gasoline: ↓ $3.19
Diesel: ↓ $3.70
Heating Oil: ↓ $232.06
Brent Crude Oil: ↓ $66.59
US Rig Count: ↓ 568

 
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