This is Queen Street Analytics' weekly digest of regulatory developments, legislative discussions and other government-related news concerning oil and gas production, wells, drilling, petroleum and fuels refining, pipelines, LNG, hydrocarbons, and all Landman fans. Once a week, we break down the most important updates in this space in under five minutes.

Want to track the upstream and downstream forces affecting Oil & Gas? Don’t miss this week’s updates in Utilities & Power and Mining. Also consider subscribing to our Oil & Gas - Ottawa edition covering critical GR news north of the border.

Dates: 2026-03-15 to 2026-03-21

📋 In This Week's Newsletter

• 🏛️ This Week's Congressional Calendar
• 🇺🇸 Federal Government News
• 📜 Legislative Updates
• 📚 What We're Reading This Week

This Week's Congressional Calendar

• House Natural Resources Subcommittee: Legislative Hearing on Energy and Mineral Bills: The House Natural Resources Subcommittee on Energy and Mineral Resources will hold a hearing on March 25, 2026, to consider five bills, including the Bureau of Land Management Mineral Spacing Act, Co-Location Energy Act, and License to Drill Act.
• Senate Energy and Natural Resources: Bulk Power System Hearing: The Senate Energy and Natural Resources Committee convenes March 25, 2026, for a hearing on the state of the bulk power system, addressing grid reliability and infrastructure.
• House Appropriations: Energy and Water Member Day: The House Appropriations Subcommittee on Energy and Water Development holds its annual Member Day hearing March 25, 2026, at Rayburn 2362-B.

Federal Government News

Great Lakes Gas Transmission Submits Shevlin MAOP Uprate Project Application

Great Lakes Gas Transmission Limited Partnership has requested authorization from FERC to restore the maximum allowable operating pressure on Mainlines 100, 200, and 300 between Shevlin and Deer River Compressor Stations in Minnesota. The application, filed March 6, 2026, under blanket authorization (Docket CP26-138-000), would reinstate design operating conditions while complying with federal pipeline safety regulations. Public comments or interventions may be filed until May 15, 2026. Interested parties can submit electronic comments via FERC’s eFiling system or by mail.

Sources: www.federalregister.gov

FERC Notices on Gulf South Pipeline Storage Expansion and Amendments

Gulf South Pipeline Company, LLC has filed two separate applications to FERC regarding its Petal Gas Storage Field in Forrest County, Mississippi. The first seeks authorization to construct a new salt dome cavern and associated brine wells for the Petal Cavern Expansion Project, adding 10 Bcf incremental working storage and 6 Bcf base gas capacity. The second would amend storage capacities and certified injection and withdrawal levels for existing caverns at the site, aligning regulatory parameters with operational capabilities; these amendments would reduce total certificated capacity from 46.008 Bcf to 41.774 Bcf. FERC set April 2, 2026, as the intervention deadline for both proceedings.

Sources: www.federalregister.gov, www.federalregister.gov

BOEM to Prepare Environmental Impact Statement for Offshore Well Stimulation

The Bureau of Ocean Energy Management has announced its intent to prepare an EIS for well stimulation treatments, including hydraulic fracturing, at Platform Gilda, nine miles offshore Ventura, California. The supplemental Development and Production Plan, submitted by DCOR, L.L.C., proposes hydraulic fracturing on up to 16 existing wells targeting the Upper and Lower Repetto formations. BOEM will analyze anticipated impacts on air, water, marine resources, and navigation. The public comment period runs until March 30, 2026, with details available on the BOEM website. The platform has operated since 1981 in the Santa Clara Unit of federal OCS leases.

Sources: www.federalregister.gov

Multiple Pipeline Tariff and Rate Filing Notices Posted by FERC

FERC has posted several notices related to pipeline tariffs and rates. Iroquois Gas Transmission filed numerous 4(d) negotiated rate amendments effective April 1, 2026. High Island Offshore System submitted a Storm Damage Surcharge rate filing, while Equitrans L.P. recorded a name change for a shipper. Additional filings include Southeast Supply Header’s negotiated rate and Natural Gas Pipeline Company of America's agreements with NICOR Gas, as well as filings from Tennessee Gas Pipeline, Northern Natural Gas, Gulf Run Transmission, and Targa SouthTex Mustang Transmission’s tariff cancellation. Comment deadlines vary by proceeding.

Sources: www.federalregister.gov, www.federalregister.gov, www.federalregister.gov, www.federalregister.gov

White House Announces U.S.-Japan Energy Investment and Critical Minerals Agreement

President Trump and Prime Minister Takaichi outlined a series of initiatives under the U.S.-Japan Alliance, including $73 billion in Japanese investment in U.S. energy projects and the launch of a joint Critical Minerals Action Plan. The agreements span energy supply chain security, cooperation on critical minerals, and mutual investment commitments. The two countries will expand science, technology, and defense cooperation, with implications for advanced energy materials, regional stability, and energy sector resilience.

Sources: www.whitehouse.gov

Environmental Assessment Released for Great Basin Gas Gabbs Lateral Project

FERC staff issued the EA for Great Basin Gas Transmission’s proposal to relocate 32.6 miles of pipeline in Nevada, prompted by the planned expansion of naval training areas. Great Basin will install new 8-inch and 6-inch lines and abandon about 21.2 miles of existing pipe, with no additional capacity planned. Cooperating agencies include BLM and Navy. Comments are due by April 13, 2026.

Sources: www.federalregister.gov

BLM Considers Oil and Gas Lease Reinstatement in Weld County, Colorado

The Bureau of Land Management proposes to reinstate a terminated oil and gas lease (COC79880) on 9.7 acres in Weld County, Colorado, held by Incline Energy, LLC. The lease, originally ended on December 1, 2021, is being reviewed for reinstatement in accordance with MLA and environmental review. Incline Energy will operate under new rental and royalty terms; the decision will be effective retroactively should it proceed.

Sources: www.federalregister.gov

Department of Commerce Issues Preliminary Results on Oil Country Tubular Goods from Vietnam

Commerce published preliminary results of the antidumping duty administrative review on oil country tubular goods from Vietnam for September 2023 to August 2024. SeAH Steel VINA Corporation was preliminarily assigned a 12.84% weighted-average dumping margin. Review was rescinded for two firms with no reviewable entries. Final assessments and cash deposit instructions will be issued post-review.

Sources: www.federalregister.gov

FERC Requests Comment on Pipeline Data Collection (FERC-549)

FERC is accepting public input on the extension of information collection requirements under FERC-549, which covers interstate and intrastate pipeline transactions and market-based rate applications. The comment period is open until May 18, 2026, for feedback on burden estimates and form utility.

Sources: www.federalregister.gov

Indian Affairs Seeks Comment on Tribal Energy Resource Agreements Paperwork Renewal

The Department of the Interior's Bureau of Indian Affairs is proposing renewal, without change, of the information collection for Tribal Energy Resource Agreements (TERA) under 25 U.S.C. 3501 and 25 CFR part 224. Comments are accepted by April 20, 2026.

Sources: www.federalregister.gov

Legislative Updates

Co-Location Energy Act (H.R. 5639)

The Co-Location Energy Act (H.R. 5639), focused on energy policy, was referred to the Subcommittee on Energy and Mineral Resources on March 18, 2026.

Sources: www.congress.gov

License to Drill Act (H.R. 7831)

The License to Drill Act (H.R. 7831) is under consideration in the House after referral to the Subcommittee on Energy and Mineral Resources.

Sources: www.congress.gov

Bureau of Land Management Mineral Spacing Act (H.R. 1555)

The Bureau of Land Management Mineral Spacing Act (H.R. 1555) was referred to the House Subcommittee on Energy and Mineral Resources.

Sources: www.congress.gov

Windfall Profits Excise Tax Proposals (H.R. 7960 and S. 4111)

Two bills—H.R. 7960 in the House and S. 4111 in the Senate—propose imposing a windfall profits excise tax on crude oil, with rebates for individual taxpayers. Each was referred to the relevant tax-writing committee.

Sources: www.congress.gov, www.congress.gov

Exemptions for Vessels Transporting Oil, Petroleum, and LNG (H.R. 8020 & H.R. 8021)

House bills H.R. 8020 and H.R. 8021 seek to exempt vessels transporting liquefied natural gas and crude oil/petroleum products from certain coastwise endorsement requirements, and both are before the Transportation and Infrastructure Committee.

Sources: www.congress.gov, www.congress.gov

What We're Reading This Week

• Attacks on Oil and Natural Gas Facilities Could Lead to Much Higher Prices: NYT discusses price risks following attacks on global oil and gas sites.
• Goldman Sachs flags upside risks to oil prices in near term and into 2027: Goldman Sachs forecasts continued oil price volatility amid global disruptions.
• Opinion | California’s Climate of Fuel Insecurity: WSJ commentary analyzes California market constraints and security of fuels.
• What strikes on the world’s largest natural gas sites could do to the global economy: CNN examines ripple effects of attacks on major LNG facilities.
• Exxon accelerates oil, gas projects in Guyana as prices surge: ExxonMobil fast-tracks development in Guyana in response to higher prices.
• Spurred by Gulf war, Alaska LNG aims for go-ahead decisions in 2026-27 and exports in 2031: Alaska LNG project targets FID within next two years amid supply disruptions.
• German minister eyes windfall tax on oil firms to ease high energy costs: Germany considers a windfall tax on oil companies to counter elevated energy costs.
• Strikes on Gulf Energy Escalate: WSJ reports on new wave of strikes affecting Persian Gulf energy infrastructure.
• Mar 16: How the Iran–Hormuz LNG Shock Will Hit Freight: Freight newsletter assesses shipping and freight market impacts from LNG supply disruption.
• Canada and United States Rig Activity, 03/15/26: Industry newsletter summarizes rig activity for the week ending March 15, 2026.

.