Corporate News
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
ConocoPhillips Could Sell Stake in REX Pipeline
The energy giant has a 25% stake in the 1,679-mile line that stretches from northwestern Colorado to eastern Ohio and can deliver 1.8 billion cubic feet per day of gas. As we reported last week, the final leg of the REX project became operational this month.
19Nov2009 | admin | 0 comments | Continued
Evergreen Energy Promotes Mahoney to C-Lock Position
The subsidiary of Evergreen owns the GreenCert™ carbon information management solution designed to minimize greenhouse gas(GHG) risks and provid verifiable measurement of GHG emissions.
15Jul2009 | admin | 0 comments | Continued
Enterprise Opens Central Treating Facility Near Meeker
Located about 8 miles south of the company’s recently expanded Meeker gas processing complex, the central treating faciilty can handle as much as 200 MMcfd as well as production from ExxonMobil’s properties in nearby Piceance basin.
6Jul2009 | admin | 0 comments | Continued
EnCana Hedges on Natural Gas Production
EnCana Corporation has extended its risk management program for 2010 by establishing fixed price hedges on about 35 percent of the company’s expected natural gas production.
15Jun2009 | admin | 0 comments | Continued
Drill-Bit Maker Varel Opens Denver-Area Office
The facility will serve the entire Rocky Mountain region, providing sales of polycrystalline diamond compact drill bits, field engineering and technical support.
10Jun2009 | admin | 0 comments | Continued
Denver-Based Berry Petroleum Reports Q1 Results
The company earned net income of $35 million, or $0.77 per diluted share, for the three months ended March 31, 2009, down 19% from net income of $43 million for the same time period in 2008.
30Apr2009 | admin | 0 comments | Continued
Suncor, Shell Sign Marketing Deal
The agreement will allow Suncor and its network of branded marketers to sell Shell branded fuel in Colorado.
13Apr2009 | 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.
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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 ...