All Posts Tagged With: "colorado oil and gas industry"

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Oil & Gas CFOs Cite Unconventional Energy Sources as Greatest Investment in 2012

The discovery of new resource plays such as the Niobrara here in Colorado is driving overall oil and gas industry growth in 2012, according to a new study released by BDO USA, LLP. Energy executives are focusing their attention and capital on unconventional resources.

11Jan2012 | admin | 0 comments | Continued
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Shale Primes Colorado’s Oil and Gas Industry

France energy giant Total SA is joining the domestic shale rush with a $2.3 billion investment in Chesapeake Energy. Meanwhile, China Petrochemical Corp. is ponying up $2.5 billion in a joint venture with Devon Energy to explore oil and gas projects from the Niobrara in Colorado to the Tuscaloosa Marine shale in Alabama and Mississippi.

4Jan2012 | admin | 0 comments | Continued
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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.

29Dec2011 | admin | 0 comments | Continued
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Oil Pollutants Seeping Into Metro Denver
Water Supply

Western Resource Advocates, a nonprofit environmental law and policy organization, argues the Suncor leak into the South Platte River is just the most recent example of why strong regulations and oversight procedures are needed before widespread oil drilling begins near heavily-populated areas along the Front Range.

30Nov2011 | admin | 0 comments | Continued
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Delta Petroleum Troubles Tops Oil and Gas News

The Denver-based company saw its stock price drop precipitously Wednesday on news of higher dry hole costs and impairments, despite an actual increase of total revenues. Delta said it now believes a restructuring of its indebtedness is likely to be necessary, and without liquidity issues being addressed, Chapter 11 could be an eventual outcome.

10Nov2011 | admin | 0 comments | Continued
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Caution on Local Fracking Policies

We’re not surprised that some Front Range counties are developing local regulations to govern oil and gas leasing as exploratory activity in the Niobrara formation begins to encroach on populated areas. Nor do we necessarily consider all such initiatives misguided. Energy development can involve noise, traffic and other activity that has an impact on a community’s quality of life. Having said that, however, we believe counties should proceed with caution.

7Nov2011 | admin | 0 comments | Continued
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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
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El Paso County Partially Lifts Drilling Moratorium

County spokesman Dave Rose said Wednesday that it modified the moratorium to enable the [development services] department to take applications for temporary exploration activities.

27Oct2011 | admin | 0 comments | Continued
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State Oil and Gas Briefs

>> Regulators Criticize El Paso County Moratorium
>> Shell’s Play Raises Local vs. State Issue
>> Bridging Gap Between Energy and Communities
>> Kodiak Shares Drop on Liquidity Concerns
>> Brownstone Energy Gets BLM Approval

5Oct2011 | admin | 0 comments | Continued
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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
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Encana Selling Midstream Assets on West Slope

The Piceance basin midstream assets, built in the past decade, serve Encana’s Mamm Creek, Orchard and South Parachute production in the vicinity around Rifle. They gather and transport 500 million cubic feet of natural gas per day.

8Sep2011 | admin | 0 comments | Continued
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Colorado Springs Seeking Way to Resolve Issues in Banning Lewis Fight

The city says the company should be bound by a 23-year-old annexation agreement and other land-use controls that were intended to govern how the massive ranch would be developed; Ultra says the agreements would tie its hands at it pursues energy exploration on the property.

24Aug2011 | admin | 0 comments | Continued
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Industry Pushes Back on Shale Gas Recommendations

The American Petroleum Institute is filing 10 pages of comments that take issue with several of the group’s recommendations, which was tapped by Energy Secretary Chu to study ways to boost the safety and environmental performance of U.S. natural gas production.

18Aug2011 | admin | 0 comments | Continued
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