Corporate News
Noble Energy Will Invest $1.7 Billion in Colorado in 2013
The company said it is raising the estimate of recoverable oil in its Denver-Julesburg Basin properties 60 percent to the equivalent of 2.1 billion barrels. The cash infusion will help the company increase the number of wells drilled in the Weld County portion of the basin, to 300 in 2013 and 500 a year by 2017, according to a Noble statement.
10Dec2012 | admin | 0 comments | Continued
Top-of-the-Week Oil and Gas Updates
Bill Barrett Corporation is selling multiple assets in Wyoming, including its Wind River Basin natural gas properties and Powder River Basin coal bed methane assets. While on the West Slope, Antero Resources is selling off all of its natural gas and pipeline assets in the Piceance Basin.
5Nov2012 | admin | 0 comments | Continued
PDC Energy Completes $327 Million Niobrara Buy
The company said its net production from Wattenberg is expected to increase to about 15,600 barrels of oil per day
from a current level of roughly 2,800 daily barrels from 700 wells.
Encana: Strong liquids Growth to Balance Sources
of Cash Flow in 2013
Encana’s original 2012 plan to drill between 40 and 45 wells has been expanded to drill between 115 and 120 wells in 10 plays primarily focused on oil. The company is expecting to drill approximately 350 oil and liquids rich wells in 2013.
21Jun2012 | admin | 0 comments | Continued
NIOBRARA NEWS — Australian Firm Targets NE Colorado
Australian-based Titan Energy has acquired its third U.S. oil and gas asset that could let it break into Niobrara shale oil play. The company will pay $75,000 for a 40% working interest in the 1360 acre Sodbuster Prospect in Logan County.
20Mar2012 | admin | 0 comments | Continued
NIOBRARA NEWS — Synergy Resources Acquisition
The company said it acquired the assets for a total consideration of $2,662,634 in the form of $2,200,000 in cash and 155,770 shares of Synergy’s common stock. The mineral interests cover approximately 8,875 acres in Weld, Morgan and Larimer counties.
15Mar2012 | admin | 0 comments | Continued
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 | 6 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- Survey: Global Warming, Clean Energy Should be Priorities
Six in 10 Americans want the U.S. to reduce greenhouse gas emissions regardless of other countries’ emissions efforts, according to the survey. Only 6% say the U.S. should not reduce its greenhouse emissions. The study also shows only half of Americans have heard of the Keystone XL pipeline. Among those who have heard of the pipeline, 63% support the project.
READ THE FULL POST »
Oil/Gas Industry: Trust us! We care, we really do. The rest of the us: No! 
Thanks for the info Fred! 
I think its a 10% mandate not 5%. 
To see this exciting change as "scary" seems incredibly short-sited to me. Between the increasing power demands caused by ...
Thanks for highlighting all the great work the Northern Colorado Chapter of CRES is doing. One small but important correction--the ...