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EnCap Investments L.P., Verdun Oil Company II LLC, XCL Resources Holdings, LLC, and EP Energy LLC have petitioned the Federal Trade Commission (FTC) to change and remove certain prior approval requirements in a decision made on September 13, 2022. The companies argue that these requirements are unnecessary since they no longer operate in the affected area and claim the regulations negatively impact competition and investment. They also highlight significant changes in the competitive landscape of the Uinta Basin, such as increased production and changes in market participants. The FTC is seeking public comments on this petition until April 30, 2025.

Chevron Corporation and Hess Corporation have requested the Federal Trade Commission (FTC) to review and nullify a previous order from January 17, 2025. This order stopped Chevron's efforts to appoint Hess CEO John B. Hess to Chevron's board following their merger, which was seen as potentially harming competition by increasing industry coordination. Chevron and Hess argue that the order lacks a valid antitrust basis, claiming that Mr. Hess's role would not significantly affect competition or oil prices, and that removing the order would be in the public interest to enhance U.S. energy production. The FTC is inviting the public to comment on this petition until May 12, 2025.

The Environmental Protection Agency (EPA) is seeking comments on the proposed extension of an information collection request (ICR) related to the National Emission Standards for Hazardous Air Pollutants (NESHAP) for benzene emissions from storage vessels and coke oven by-product recovery plants. This request has been submitted to the Office of Management and Budget (OMB) for their review. The ICR is currently valid until February 2025, and this notice opens an additional 30-day period for public comments. The EPA estimates that seven respondents will be affected, with a total annual burden of 1,130 hours and costs amounting to $143,000.

The Environmental Protection Agency (EPA) plans to submit a request to renew their information collection on episodes of oil and hazardous substance releases. This supports regulations under CERCLA and the Clean Water Act. The EPA is seeking public comments on the necessity and practicality of the information being collected, as well as ways to reduce the burden on responders. The required reporting helps the government determine if federal action is needed to protect public health and the environment.

The Office of Natural Resources Revenue (ONRR) has issued a final rule that updates regulations on how oil, gas, and coal are valued for royalty purposes from Federal and Indian leases, and how civil penalties for certain violations are assessed. The rule reintroduces the option for gas lessees to use an index-based valuation method, removes some limitations on transportation and processing allowances, and clarifies definitions and procedures for valuation. It also explains that civil penalties for payment violations will be assessed more transparently, considering the monetary impact of the violation, and clarifies how ONRR considers mitigating and aggravating circumstances, aiming to increase transparency and fairness.

The Deepwater Horizon natural resource Trustees in Texas have released a draft plan to restore wetlands, coastal, and nearshore habitats affected by the oil spill. They are focusing on using dredged materials for this purpose, with an estimated cost of $40 million for seven proposed projects. Public comments on this plan are welcome until February 18, 2025, and a public meeting is scheduled for January 28, 2025, to discuss the proposals. Details about the plan and the comment submission process are available online.

The United States Department of Justice filed a complaint against XCL Resources Holdings, Verdun Oil Company II, and EP Energy, alleging that they violated the Hart-Scott-Rodino Act by assuming control over EP Energy before completing the required regulatory waiting period. They were accused of illegal coordination, including halting drilling activities and sharing sensitive information, which caused supply shortages and market disruptions. To resolve these allegations, the companies agreed to pay a civil penalty totaling over $5.6 million and implement compliance measures to prevent future violations. The court will oversee the agreement to ensure it aligns with public interest standards.

The Environmental Protection Agency (EPA) is proposing changes to the rules regulating air pollution from the Oil and Natural Gas Sector. These changes focus on improving standards related to temporary flaring and the monitoring of heating value for certain emissions. The proposed amendments are a response to industry feedback, aiming to extend the allowable duration for flaring in certain situations from 24 to 48 hours and adjust monitoring requirements for emissions based on updated data provided by industry stakeholders. The EPA will accept public comments on these proposed changes until March 3, 2025.

The final regulations from the Treasury Department and the IRS provide guidelines for claiming tax credits under section 45Q of the Internal Revenue Code, which encourages carbon oxide sequestration. They clarify how the capture, storage, and utilization of carbon oxide must be conducted and verified to qualify for credits. The regulations also define key terms, explain the process for credit recapture if captured carbon oxide leaks, and specify the documentation and reporting requirements necessary for compliance. The aim is to foster innovation and investment in technologies that reduce carbon emissions and assist in capturing carbon oxide effectively.

The National Marine Fisheries Service (NMFS), part of the National Oceanic and Atmospheric Administration (NOAA), has proposed a rule to designate critical habitat for the Beringia distinct population segment of the bearded seal under the Endangered Species Act. The proposed critical habitat includes marine areas in the Bering, Chukchi, and Beaufort seas, and focuses on sea ice habitat essential for the species' survival, such as areas for whelping, nursing, molting, and breeding communication. Public comments on this proposal are being requested, and considerations include potential impacts on existing activities and economic factors. The ultimate goal is to protect the areas critical for the conservation of these seals.