Corporate News
Anadarko to Sell Colorado Pipeline Assets
Western Gas Partners’s $498 million purchase of the Wattenburg system includes 1,734 miles of pipelines that gather natural gas from producing wells, as well as a plant that can process 105 million cubic feet of fuel a day.
3Aug2010 | admin | 0 comments | Continued
Delta Sells Non-Core Assets in Colorado and Elsewhere
The Denver-based oil and gas company’s $130 million deal with Wapiti includes all of its 31% working interest in the Garden Gulch field in the Piceance Basin and DJ Basin fields in Weld County.
27Jul2010 | admin | 0 comments | Continued
Startup Bear Tracker Energy to Get $200 Million
The company launched last year by CEO Bob Clark, said the investment will come from Blackstone unit GSO Capital Partners LP and from Bear Tracker’s management. The funds will be be used to develop North American midstream assets.
6Jul2010 | admin | 0 comments | Continued
Rex Energy in Denver/Julesburg Basin Play
The company has leased or farmed-in approximately 20,000 net acres in the Denver-Julesburg Basin in Weld County, and says it intends to explore for oil from the Niobrara Shale.
7Jun2010 | admin | 0 comments | Continued
What’s in a Name? Plenty Says Longtime
Denver Oil & Gas Player
Based in the Mile High City for more than a century, St. Mary Land & Exploration will be now be known as SM Energy Company starting June 1st.
31May2010 | admin | 0 comments | Continued
High Sierra Water Services Hits Produced
Water Treatment Milestone
The Denver-based company’s flagship Anticline facility has surpassed 22 million barrels (924 million gallons) of water treated in the Pinedale region of Wyoming.
20May2010 | admin | 0 comments | Continued
Williams Cuts Natural Gas Production on West Slope
Tulsa-based Williams Cos. said its Piceance Basin natural-gas production was reduced over the past 12 months by 11 percent to 632 million cubic feet a day in the first quarter of 2010.
6May2010 | admin | 0 comments | Continued
Production Control Services and OleumTech Partner
on Tech Solutions
Frederick-based PCS and OleumTech are providing oil and gas operators with a single source for automated well control, field data acquisitions and wireless tank level monitoring.
6May2010 | admin | 0 comments | Continued
Denver-Based EnerCrest Closes Five Offices,
Lays Off Workers
The energy services company is reportedly scaling back its road and pipeline construction operations in oil and gas areas, including the closing of the Rifle and Greeley offices. The company’s Todd Erickson, is quoted as saying EnerCrest does not intend to file for bankruptcy.
9Apr2010 | admin | 0 comments | Continued
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
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
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
Is Exxon - XTO Energy Deal Sign of Things to Come?
The energy giant says it will buy XTO Energy in an all-stock deal worth $31 billion as the oil giant seeks to capitalize on the growing supply of natural gas at home.
14Dec2009 | admin | 2 comments | Continued
Natural Gas Executives See Good Times Ahead
The reasons for optimism — a surge in production from plentiful shale and coal bed methane formations, and the expectation that climate change legislation will increase the demand for natural gas-fired power generation.
10Dec2009 | admin | 1 comment | Continued
Denver-Based Delta Petroleum Exploring Sale
The company has retained Morgan Stanley and Evercore Partners to “advise the board of directors on strategic alternatives to enhance shareholder value.”"This will include, but not be limited to, exploring the sale of some or all of the company’s assets, partnerships and joint venture opportunities, and the sale of the entire company.”
1Dec2009 | admin | 0 comments | Continued
EnCana Closes on Transaction to Split into
Two Distinct, Independent Companies
The company announced completion of the transaction to split into two separate energy companies: Cenovus Energy Inc., an integrated oil company and EnCana Corporation, a pure play natural gas organization.
30Nov2009 | admin | 0 comments | Continued-
Why is Dirty Energy Still So Cheap?
The clean tech sector has experienced remarkable success in the past few years, yet there still remains one huge roadblock from mass implementation – cheap fossil fuels. Some may think this is simply a matter of free-market capitalism at work. The real truth is that petroleum and coal industries continue to receive massive subsidies from governments around the world, while renewable energy firms receive only a small fraction of that amount.
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The coal industry, indeed the entire fossil fuel industry, needs to take note of state and federal politics. There ...
shannon,
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