Corporate News
Apache Paying Nearly $3 Billion for Cordillera Energy
The deal is valued at $2.85 billion and part of the buyer’s
plan to expand its holdings of energy-rich reserves in the Midwestern United States, specifically the transaction will double Apache’s acreage in the energy-rich Anadarko shale formation.
British Energy Company Buys Stake in Niobrara
In another indication that Colorado’s Niobrara is attracting global interest, London-based Nighthawk is increasing its focus in U.S. shale plays with the announcement that it is acquiring an additional 25% interest in the Jolly Ranch project
in the DJ Basin. The seller is Running Foxes Petroleum.
Encana Slams EPA Over ‘Not Factual’ Pavillion, WY, Water Draft Report
In a detailed press release to media, the energy company noted that many of the agency’s findings from its recent deep monitoring wells, including those related to any potential connection between fracking and Pavillion groundwater quality, “are conjecture, not factual, and only serve to trigger undue alarm.”
13Dec2011 | admin | 3 comments | Continued
Anadarko’s Announcement Could Signal Big Increase in Weld County Energy Activity
“Based upon the early results of Anadarko’s program in the Wattenberg field, we are confident the liquids-rich Horizontal Niobrara and Codell opportunity provides a net resource potential of 500 million to 1.5 billion BOE (barrels of oil equivalent); and it’s located right in the heart of one of our existing core areas,” said a company VP.
15Nov2011 | admin | 0 comments | Continued
Shale Gas Bets Dominate Mergers & Acquisitions
Oil and gas deals got bigger and were dominated by foreign buyers placing bets on U.S. shale plays, according to a report on U.S. energy mergers and acquisitions released Wednesday by PwC’s energy consulting practice.
28Oct2011 | admin | 0 comments | Continued
Venoco Gets Approval for California Pipeline
The pipeline will enable Venoco to transport crude oil from the company’s 2,000-a-day South Ellwood field, which is about 12 miles west of Santa Barbara.
19Sep2011 | admin | 0 comments | Continued
Oil and Gas Corporate News
Headlines this week from … Bill Barrett Corp, Conquest Water Services, SG Interests I vs. Gunnison County, Whiting Petroleum Corp, Arete Industries Inc, Pine Ridge Oil & Gas
10Jun2011 | admin | 0 comments | Continued
Encana Debuts Natural Gas Fueling Station in Fort Lupton
The station, roughly 30 miles northeast of Denver on County Road 22, will serve the fueling needs of Encana’s subsidiary’s DJ Basin natural gas fleet, as well as supply fuel to the expanding natural gas vehicle fleets of Anadarko and Noble Energy.
26May2011 | admin | 0 comments | Continued
Williams Cos. Splits Off Exploration, Production
Subsidiary WPX
Williams’ exploration and production segment drills for natural gas and natural gas liquids in the Piceance Basin on the West Slope, the Bakken Shale oil play of North Dakota, the Powder River basin in Wyoming and Marcellus Shale in Pennsylvania.
2May2011 | admin | 0 comments | Continued
Marathon Sells $270M Stake in Niobrara to Japanese Firm
The deal calls for Marubeni to get a 30 percent stake in Marathon’s 180,000 acres in the DJ Basin of Colorado and Wyoming. The Houston-based company is already conducting seismic testing of its acreage and expects to start eight to 12 exploratory wells by the end of this year.
7Apr2011 | admin | 0 comments | Continued
Anadarko Buys Wattenburg Plant for $575.5 Million
According to a BP spokesman, the company’s efforts to raise billions for cleanup and reimbursement costs following the Gulf of Mexico oil disaster factored into the decision to sell the natural gas facility in northeast Colorado.
23Mar2011 | admin | 0 comments | Continued
Recovery Energy Snaps Up DJ Basin Leases
The Denver-based energy company said it has applied for permits to drill four horizontal wells targeting the Niobrara oil shale. It plans to begin its drilling program early in the second quarter of this year.
2Mar2011 | admin | 0 comments | Continued
Encana Seeks New Drilling Permits Near Battlement Mesa
Staffers from the Colorado Oil and Gas Conservation Commission are reviewing the permit application, which if approved would allow for the drilling of nine gas wells in the area.
3Feb2011 | admin | 0 comments | Continued
US Energy in Exploration Deal in Southeast Colorado
The Riverton, Wyo.-based company said it wouldn’t divulge its partner, financial terms of the deal, or the exact location for competitive reasons, but it did say the land is near the Brandon Field in Kiowa County.
31Jan2011 | admin | 0 comments | Continued
Encana Selling Fort Lupton Natural Gas Plant
Western Gas Partners is paying roughly $303 million for the purchase, which also includes five natural gas gathering pipeline systems and associated compression facilities.
18Jan2011 | admin | 0 comments | Continued
Ciris Energy Raises $23.9 Million for Coal Conversion
The Cenetennial-based startup has raised a series B investment of $23.9 million, according to a SEC-filing. Khosla Ventures led the round with earlier Ciris backers Braemar Energy Ventures, Rho Ventures and GE Energy Financial Services.
5Jan2011 | admin | 0 comments | Continued-
Shale Gas = $Billions in U.S. Savings
Natural gas prices that slumped to a 10-year low this month could save U.S. consumers $16.5 billion on home energy bills over the course of a year, according to a senior economist at the U.S. Federal Reserve. Projected over several years, the savings could exceed any proposed tax cut.
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