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.

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Dates: 2026-02-15 to 2026-02-21

📋 In This Week's Newsletter

• 🇺🇸 Federal Government News
• 📚 What We're Reading This Week

Federal Government News

DOE Proposed Rule on Pricing and Charging for Materials and Services Sold

The Department of Energy issued a notice of proposed rulemaking to revise the general pricing regulation under 10 CFR Part 1009, addressing prices and charges for materials and services sold outside the federal government. The proposal updates definitions, exemptions, and pricing exclusions, with new provisions for cost recovery, the Federal Administrative Charge (scheduled to decrease to 1% on October 1, 2025), and clarifications affecting transaction types including uranium sales, isotopes, and technology transfer royalties. DOE contractors and the National Nuclear Security Administration are specifically included. Comments are invited until April 20, 2026.

Sources: www.federalregister.gov

EPA Guidance Development for Alternative Fuel Vehicles under Clean School Bus Programs

The Environmental Protection Agency announced plans for a new funding opportunity under the Clean School Bus Program to accelerate fleet turnover. The agency requests public input on the performance and availability of alternative fuel technologies, fueling infrastructure, market practices, and fraud prevention measures. The program also targets oversight improvements, requiring enhanced documentation and risk assessments. Nearly $3 billion has already been awarded, mainly for battery-electric buses, with intentions to broaden eligibility to biofuels, LNG, and hydrogen. Stakeholder collaboration is encouraged, and comments are due by April 6, 2026.

Sources: www.federalregister.gov

PHMSA Issues Pipeline Safety Advisory: Incident Notification Procedures

The Pipeline and Hazardous Materials Safety Administration (PHMSA) released an advisory reminding gas pipeline, natural gas storage, and LNG facility operators of mandatory incident reporting requirements under 49 CFR Part 191. The bulletin follows a National Transportation Safety Board recommendation based on a fatal gas distribution incident in Dallas, Texas. Reporting thresholds include fatalities, hospitalizations, property damage above $149,700, gas loss exceeding three million cubic feet, or emergency shutdowns. Operators are required to notify the National Response Center within one hour after confirmed discovery. PHMSA clarified that guidance documents do not carry the force of law, but federal agencies rely on timely reporting for effective emergency response.

Sources: www.federalregister.gov

BOEM Releases Proposed Notice of Sale for Gulf of America Outer Continental Shelf Oil and Gas Lease Sale 3

The Bureau of Ocean Energy Management made available the Proposed Notice of Sale for Gulf of America OCS Oil and Gas Lease Sale BBG3 as required by the One Big Beautiful Bill Act. The notice details lease terms, minimum bids, royalty rates, and conditions relevant to the scheduled sale. Governors and local officials may comment until April 21, 2026, and BOEM will publish the Final Notice of Sale at least 30 days before the August 12, 2026, bid opening. The document is accessible through BOEM's Gulf of America Region Public Affairs Office and online.

Sources: www.federalregister.gov

White House Announces Trade Deal with Indonesia: Energy and Resource Implications

The White House announced a finalized trade agreement with Indonesia, providing expanded market access for U.S. manufacturing, agriculture, and energy exports. Indonesia will eliminate tariffs on over 99% of U.S. goods and commit to $15 billion in U.S. energy purchases as part of $33 billion in total commercial agreements. Freeport-McMoRan is set to expand Grasberg mine operations generating up to $10 billion annually. The deal includes reciprocal tariffs, supply chain enhancements, and a forced labor import ban. The administration expects the agreement to address the $23.7 billion U.S. trade deficit with Indonesia.

Sources: www.whitehouse.gov

What We're Reading This Week

• Booming LNG exports may get dragged into US cost-of-living debate: U.S. LNG export volumes are entering political debates amid rising domestic energy costs.
• Exxon determining size of natural gas resources at Guyana's Stabroek Block, minister says: ExxonMobil's efforts focus on quantifying natural gas resources in the Guyana Stabroek Block.
• Exxon committed to move fast on Guyana gas projects, but needs demand sources, executive says: ExxonMobil plans rapid development of Guyana gas assets subject to new commercial demand.
• Opinion | To Deliver Natural Gas, Build More Pipelines: Pipeline constraints are identified as a limiting factor for U.S. natural gas delivery.
• Canada to boost investments in Ukraine's energy sector: The Canadian government commits to increasing post-war energy investments in Ukraine.
• Russia's oil and gas revenue seen halving y/y in February: Russian oil and gas fiscal revenue is forecast to decrease by half in February year-on-year.
• Oil companies jostle for projects to boost Venezuelan output quickly; a real grind awaits: International companies face operational challenges in efforts to restore Venezuelan oil production.
• Singapore sets first ever sustainable aviation fuel levy, as Southeast Asia's fuel industry grows: Singapore implements its inaugural sustainable aviation fuel levy amid regional market expansion.

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