A major, bipartisan energy bill introduced to the U.S. Senate last week includes two bills authored by Colorado U.S. Senator Michael Bennetdesigned to promote energy efficiency in homes and commercial buildings.
Drilling and completion costs were another factor that goes into analyzing Internal Rates of Return. This is where the Niobrara really shines. “While the Niobrara generally has lower production rates, it also has significantly lower costs than the Bakken and the Eagle Ford.”
The new emissions standard got the support of both “big oil” and “big green,” with Noble Energy, Anadarko Petroleum and Encana voicing support of it, despite its $42 million estimated annual cost to operators. Major environmental organizations such as the Environmental Defense Fund were also in favor.
The state Air Quality Control Commission opened at least four days of public testimony Wednesday on a sweeping proposal to force new air-pollution limits on oil and gas producers that is getting support from the big Niobrara Shale players.
65 percent favored use of leasing master plans to try to balance oil and gas drilling on public land with protection of land for wildlife and recreation.
The oil and gas industry added 4,500 positions in the fourth quarter of 2013, a slowdown from the third quarter and the lowest quarterly jobs added since 2009. The full year wrapped up with 28,500 new oil and gas jobs created, slightly down from 2012