All Posts Tagged With: "colorado oil and gas industry"
“The reality is this industry delivered $1.1 billion to Colorado’s public coffers in 2010. The compelling reason to work together is the 100,000 Coloradoans employed by this industry and the economic benefit that we all get from it,” Denver Metro Chamber President Kelly Brough reminded
Economists from Gov. Hickenlooper’s office said the state will take in $239 million more in tax revenue in the current fiscal year, which began in July, than originally predicted. The growth brings the expected general fund revenue to $8 billion for the fiscal year.23Sep2012 | admin | 0 comments | Continued
New statewide regulations about setback distances and the plugging of abandoned wells near horizontal hydraulic fracturing operations are two issues high on the state oil and gas commission’s priority list, the organization’s head said at a natural-gas and oil regulatory meeting in Durango.4Sep2012 | admin | 0 comments | Continued
Companies recognized for their accomplishments in 2011 include Anadarko Petroleum, East Cheyenne Gas Storage, Encana Oil and Gas (USA), Oxy USA WTP, SG Interests I and WPX Energy Rocky Mountain. The awards were announced at COGA’s annual conference last week.20Aug2012 | admin | 2 comments | Continued
DCP’s strategy already underway is to build a one-stop services company offering integrated solutions to its customers – including gathering, processing, natural gas liquids (NGL) transportation and fractionation services.6Aug2012 | admin | 0 comments | Continued
“We’ve collaborated successfully with communities for decades on oil and gas development, and parties have traditionally been able to work through issues without drawing hard lines,” noted Mike King, Executive Director of the Colorado Department of Natural Resources, which oversees the COGCC.27Jul2012 | admin | 0 comments | Continued
In a formal letter submitted today to the Colorado Oil & Gas Conservation Commission, three conservation organizations asked the State to begin a rulemaking process for increasing minimum setbacks for oil and gas drilling to 1,000 feet for residences and 1,500 feet for schools, hospitals, nursing homes and other similar facilities.25Jul2012 | admin | 3 comments | Continued
I can’t think of companies in any other industry that are contemplating investments of that magnitude in Colorado. And Noble and Anadarko are just two of a dozen or more oil and gas companies that are operating in Colorado. The industry could easily be spending $3 billion to $5 billion a year in Colorado over the next few years.16Jul2012 | admin | 3 comments | Continued
The plan, approved in 2007, had called for phased drilling, including on the largely undeveloped top of the biologically rich plateau. In her ruling, Krieger said the BLM violated procedure by failing to sufficiently address an alternative
that would have left much of the surface of the plateau undisturbed.
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
Driven by the expanding Niobrara Shale Play, Colorado oil production has reached 53,000 barrels a day, a whopping 90 percent increase in just three years, according to IHS Consulting. “The boom is going to present a real fiscal opportunity for Colorado,” said Mark Haggerty of Headwaters Economics.21Jun2012 | admin | 0 comments | Continued
The CLB is conducting a special sealed-bid oil and gas lease sale covering 5,638.51 acres located in a Weld County region known as the National Hog Farms property. The parcels are located in a producing oil and gas area and are considered to have excellent prospects. Bids are due to the State Land Board office in Denver by 4:00 pm July 9th.21Jun2012 | admin | 0 comments | Continued