OIL AND GAS
Anadarko Revs Up Drilling in Wattenburg Area
The energy company says it will operate up to eight rigs and drill 450 wells in the northeastern Colorado Wattenberg Field this year. Overall, it plans to spend more than $2 billion to drill up to 2,750 wells in the region over the next five years.
6Mar2010 | admin | 0 comments | Continued
Reasons for State’s Drilling Slump Depend on Who (and WHERE) You Ask
One can understand why energy stakeholders on the West Slope are particularly sensitive to the drilling regulations issue. In fact, the divide in thinking on the subject between the eastern and western halves of the state seems at times nearly as large as the mountains and passes that geographically divide Colorado.
3Mar2010 | admin | 3 comments | Continued
Shell Abandons Quest for Yampa Water Rights
Citing project delays due to the global recession as the primary reason, the energy giant still left open the possibility of pursuing the project down the road. Water advocates say oil shale extraction would require too much of the precious resource in Western Colorado.
2Mar2010 | admin | 0 comments | Continued
Potential of New Oil Find Has Industry Jacked
The Northeastern plain of Colorado may have another “gusher” on its hands reminiscent of the high production years of yore, if the initial results of the new find has “the legs” some industry experts suspect.
25Feb2010 | admin | 0 comments | Continued
Colorado BLM Again Gets Low Bids on Lease Sale
For the second straight time, Colorado’s Bureau of Land Management’s quarterly oil and gas lease sale yielded some of the lowest monetary results in decades.
14Feb2010 | admin | 1 comment | Continued
EnCana Achieves Strong 2009 Operating Performance Despite Economy
The Calgary-based energy giant achieved relatively robust 2009 financial and operating performance during a major economic downturn and a year when benchmark natural gas prices were the lowest level in seven years.
11Feb2010 | admin | 0 comments | Continued
Mesa County Drained by Loss of Energy Jobs
Oil and gas job loses rippled through other businesses. Unemployment spiked from 3.7 percent in the fall of 2008 to 9 percent today, but there are signs of an upturn; some companies are starting to hire back workers after nothing but layoffs for some time.
11Feb2010 | admin | 0 comments | Continued
Garfield County Set for Gas-Well ‘Intervention’
But the “intervention,” as it is formally called, would strictly be aimed at Antero’s request to be allowed to drill wells at a higher density than currently is permitted, in an area that apparently is outside the boundaries of Battlement Mesa.
2Feb2010 | admin | 0 comments | Continued
New COGA President Sees Momentum in State’s Oil & Gas Sector
Key for Colorado’s oil and gas industry as it emerges from the recession this year, is “a welcoming social and economic environment,” according to Tisha Conoly Schuller, who took over leadership of the Colorado Oil and Gas Association last month.
28Jan2010 | admin | 0 comments | Continued
Hearing on Exxon’s XTO Acquisition Planned — “Fracking” Issue Could be Raised
A congressional hearing on the proposed merger between ExxonMobil and XTO Energy is planned by the Subcommittee on Energy and Environment as it examines the impact of the potential deal on the U.S. energy market. Rep Markey could want the practice of hydraulic fracturing raised.
18Jan2010 | admin | 0 comments | Continued
Williams Challenges GarCo Authority on Cuttings
The energy company contends the county requirement runs contrary to COGCC rules allowing burial of the cuttings on site if they don’t exceed state standards for contaminants. It argues that state authority preempts county authority in the case.
17Jan2010 | admin | 0 comments | Continued
Drilling Activity to Remain Flat in Garfield County for 2010
According to the Colorado Oil and Gas Conservation Commission, Garfield County produced more than 390 billion cubic feet (bcf) of natural gas through the month of October, 2009, compared to more than 520 bcf for all of 2008.
11Jan2010 | admin | 0 comments | Continued
Oil and Gas Update — Noble Energy to Purchase Suncor Assets in Eastern Colorado
The company said Tuesday that it will buy substantially all of the Rocky Mountains oil and gas assets of Petro-Canada Resources Inc. and Suncor Energy America Inc., for $494 million. Included in the purchase is 340 thousand total net acres, nearly 200 thousand of which are located in the Greater DJ Basin in Weld County.
5Jan2010 | admin | 0 comments | Continued
Viewpoint: State Oil and Gas Regulators Are Spread
Too Thin to do Their Jobs
The boom in gas drilling across the country has left state and federal regulatory agencies in the dust. Colorado has done better than most states, but the federal Bureau of Land Management is a laggard.
3Jan2010 | admin | 0 comments | Continued-
Colorado is NOT Arizona
His critics will never acknowledge it, but executive leadership like the kind provided by Colorado’s governor can make a critical difference in a state’s economic well-being, even in the depths of a severe recession. Think we’re overstating the case? Take a look at what recently took place in Arizona, a state never known for consistent legislative policy-making.
READ THE FULL POST »
The key point is their is a 90 yeear supply supply gas in the lower 48 ALONE.
This doesn't take ...
Cogeo - thanks for the comprehensive comment. You're prolific, indeed; however, overall, we just don't see the doomsday scenario for ...
Projections of reserves and years of consumption are historically wrong. Reserve estimations are more important in pumping up stock ...
Thanks Ann. I've heard that 100 year claim too, but at current consumption rates. I guess I could ...