All Posts Tagged With: "colorado oil and gas industry"
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
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
Denver Economic Development Office Sees Stronger Energy Markets for 2010
This year is shaping up to be a much better one for energy markets in the Denver metro area, according to analysts who predict energy trends will strengthen. They base their positive outlook on data compiled by the Metro Denver Economic Development Corporation.
9Feb2010 | admin | 0 comments | Continued
Ritter Won’t Run for Re-Election
Ritter’s “New Energy Economy” has been touted nationwide as an example of how to balance fossil fuels with renewable sources to diversify a state’s energy portfolio, and many Coloradans — some say a majority — support more regulation of extractive industries, including mining, to protect the state’s natural beauty and outdoor recreation economy.
6Jan2010 | 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
First You Laugh, Then You Cry
Unlike America, China understands the direct connection between energy, manufacturing, and economic development. So, while they know they need to clean up, they are investing in clean energy that works. They know they need the large-scale power that comes from coal and nuclear and their new power plants are multiplying like rabbits.
9Dec2009 | admin | 1 comment | Continued
Commission Expands Drilling Permit to Two-Years
Doug Hock, a spokesperson for EnCana Oil & Gas, which has major drilling operations in Colorado, said his company welcomes the decision “because it brings consistency between the federal and state permitting periods which, from a businss planning perspective, makes sense.”
2Dec2009 | admin | 0 comments | Continued
Western Slope O&G Update –
>> WILLIAMS TO EXPAND PICEANCE BASIN OPERATIONS
Company upping rig count from eight to 12 in 2010.
>> COGCC: BATTLEMENT HEALTH STUDY NOT PRESSING
Neslin says it’s too early to commit to baseline health study.
>> NO AGREEMENT ON ROAN GAS DEVELOPMENT
Another meeting is planned prior to January 15.
Oil & Gas Focus: Out With the Old, In With the New
The updated rule shifts the focus of oil and gas activities to the final product, regardless of the extraction technology used, meaning extraction of saleable hydrocarbons from oil sands, shale, coalbeds or other non-renewable natural resources is now considered a “producing activity.”
12Oct2009 | admin | 0 comments | Continued
Force Energy Hires Continental For Wind River Basin Ops
Force Energy Corp. has entered into an agreement with Continental Production Company, LLC of Casper, Wyoming, to perform all drilling and field operations of the Diamond Springs prospect, according to an announcement from the Denver-based oil and gas company.
20Sep2009 | admin | 0 comments | Continued
Energy Companies Could Face Targets on Their Backs — and Their Tax Returns
The President’s budget proposal would raise an estimated $31.5 billion over 10 years from increased taxes on oil and gas companies. The administration essentially pledges to repeal nearly every tax benefit currently enjoyed by the oil and gas industry, plus impose a new levy on offshore oil and gas production.
11Sep2009 | admin | 0 comments | Continued
GOP Leaders Call on State to Extend
Energy-Exploration Permits for Bolstering Economy
Penry and Gardner are asking the Ritter administration to extend the shelf life of the Application for Permit to Drill to two years — a move that may already be under consideration, based on comments made last week by COGCC Executive Director Dave Neslin.
27Aug2009 | admin | 5 comments | Continued
Thank you for the leadership. I was thrilled when we approved a 10% renewable energy standard, ecstatic when Xcel ...
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 ...