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360 Articles

Drilling in Colorado Lives to See Another Day: Proposition 112 Fails - Photo: Oil & Gas 360

Polis Energy Transition Team offers Glimpse of what is Coming to Colorado

Colorado: governor-elect’s transition committee with green energy focus has one former oil and gas exec  Last Saturday, Colorado governor-elect Jared Polis’s transition team hosted a town hall meeting in the form of a telephone conference call. Comments that came out on the call offer a glimpse into the next governor’s energy priorities for Colorado. The governor-elect was not present on[Read More…]

December 4, 2018 - 5:04 pm 360 Articles, Closing Bell Story, People, Politics, Popular 1
Colorado Ballot Initiative Came Closer to Shutting Down Drilling than Initial Count Indicated

Colorado Ballot Initiative Came Closer to Shutting Down Drilling than Initial Count Indicated

Now that a final tally of votes is complete, it’s clear that the highly contested ballot proposal that would have imposed a chokehold 2,500-foot setback rule on new oil and gas drilling in Colorado was closer to being adopted than the initial vote count indicated immediately after the election. According to the Colorado Secretary of State’s Nov. 28 update of[Read More…]

November 28, 2018 - 5:39 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics
Professional Climate Groups Staff Up for Next Colorado Attack

Professional Climate Groups Staff Up for Next Colorado Attack

Climate organizations hiring full-time professionals for next salvo against oil & gas industry in Colorado National climate groups, which were the strong forces behind the Prop 112 ballot initiative that was intended to shut down new oil and gas drilling in Colorado, are already ramping up preparation efforts for the 2020 election cycle. While 112 was defeated at the 2018[Read More…]

November 16, 2018 - 3:48 pm 360 Articles, Closing Bell Story, Politics
Drilling in Colorado Lives to See Another Day: Proposition 112 Fails - Photo: Oil & Gas 360

Drilling in Colorado Lives to See Another Day: Proposition 112 Fails

Colorado oil and gas companies breathe a sigh of relief – and their share prices respond Turns out DCP Midstream CEO Wooter van Kempen’s ‘glass more than half full’ philosophy was prophetic. During his company’s Q3 conference call yesterday van Kempen made multiple predictions as to the fate of 112 and he repeated his faith in Colorado voters in response[Read More…]

November 7, 2018 - 2:46 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics, Popular 2, Regulatory
Prop 112 is Not Going to Pass: DCP Midstream CEO van Kempen

Prop 112 is Not Going to Pass: DCP Midstream CEO van Kempen

Colorado ballot count tops 2 million at 2:33 p.m. on election day Graphic: Colo. Sec. of State DCP Midstream (ticker: DCP) is one of the one of the largest producers of natural gas liquids and one of the largest natural gas processing companies in the U.S. DCP has significant gathering and processing operations in the DJ Basin in Colorado. The[Read More…]

November 6, 2018 - 5:54 pm 360 Articles, Closing Bell Story, Midstream, Politics, Regulatory
Colorado Ballot Count Begins at 1.85 Million as Election Day Dawns

Colorado Ballot Count Begins at 1.85 Million as Election Day Dawns

Colorado voters could set a mid-term record Here’s how the ballot count breaks down before polls officially opened on election day, according to the Colorado Secretary of State’s ballot count report as of 12:34 a.m. Nov. 6, 2018: DEMOCRAT BALLOTS RECEIVED: 625,650 – 34% REPUBLICAN BALLOTS RECEIVED: 618,922 – 33% UNAFFILIATED BALLOTS RECEIVED: 584,560 – 32% GRAND TOTAL RECEIVED: 1,853,103[Read More…]

November 6, 2018 - 12:13 pm 360 Articles, Closing Bell Story, Law, Politics, Regulatory
1.5 Million Ballots are In but the Fate of Colorado Oil & Gas Development Will Remain a Mystery until Tuesday Night

1.5 Million Ballots are In but the Fate of Colorado Oil & Gas Development Will Remain a Mystery until Tuesday Night

With 1.5 million ballots turned in, the split between the Yes and No vote in an ‘Educated Guess Scenario’ for Prop 112 has closed to two-tenths of one percent The Colorado Secretary of State published the latest ballot count this morning, with two days left to vote. 1.5 Million Ballots are In: Fate of Colorado Oil & Gas Development Will[Read More…]

November 5, 2018 - 5:10 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics, Popular 1, Regulatory
Colorado E&Ps, Service Companies Weigh In on Proposition 112

Colorado E&Ps, Service Companies Weigh In on Proposition 112

“It’s a shame that we have to go to such lengths to defend our rights to produce a product that is beneficial to every individual’s life” – Lynn Peterson, CEO, SRC Energy As most companies active in Colorado will report before the election, investors are attempting to assess the potential effects of the measure when talking to executives during conference[Read More…]

With One Million Ballots In: Will Colorado Voters Stop Drilling by Voting for Proposition 112?

With One Million Ballots In: Will Colorado Voters Stop Drilling by Voting for Proposition 112?

An ‘educated guess scenario’ puts Colorado Prop 112 in the ‘fail’ column—by four-tenths of 1% Frac site in the Wattenberg field – northern Colorado. The Colorado Secretary of State’s ‘ballots received’ count topped one million as of today’s ballot count report, with six days remaining for voters to turn in their ballots. Colorado Secretary of State Wayne Williams reported Thursday[Read More…]

November 1, 2018 - 5:56 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Final Week of Voting in Colorado: COGCC Hears from Both Sides of Proposition 112 Issue

Final Week of Voting in Colorado: COGCC Hears from Both Sides of Proposition 112 Issue

Ballots counted are rising: Colorado Sec. of State reports 801,000 ballots have been received to date – Dems and Republicans close gap to within 1,000 of one another – one week remains  With only one week to go before final results are tallied, the Colorado Oil and Gas Conservation Commission’s (COGCC) regular meeting on Oct. 29 provided a public platform[Read More…]

October 30, 2018 - 5:48 pm 360 Articles, Closing Bell Story, Law, Politics, Popular 1, Regulatory
The Spicy Sauce that Amendment 74 Adds to Colorado’s Election Stew

The Spicy Sauce that Amendment 74 Adds to Colorado’s Election Stew

If both 112 and 74 succeed at the booth, then … In a recent University of Colorado-sponsored online poll, 63% of Colorado voters who responded said they would vote ‘yes’ on Amendment 74. That’s the measure being voted on now throughout Colorado which would require state and local governments to compensate property owners for fair value when government regulations or[Read More…]

October 29, 2018 - 6:10 am 360 Articles, Closing Bell Story, Politics, Regulatory
Colorado’s Oil & Gas Industry: the Prop 112-Polis Scenario

Colorado’s Oil & Gas Industry: the Prop 112 + Polis Scenario

If Proposition 112 passes and Jared Polis is elected governor, what might be in store for Colorado oil & gas development in the years ahead? If Colorado voters follow suit with the results of a recent University of Colorado-backed online poll, a long-lasting and painful punch could be landed directly on the jaw of Colorado’s oil and gas industry in[Read More…]

October 24, 2018 - 4:25 pm 360 Articles, Closing Bell Story, Politics
Colorado Ballots Arrive During Massive TV-Radio Ad Blitz

Colorado Ballots Arrive During Massive TV-Radio Ad Blitz

Both sides of 112 are advertising on Spotify as ballots are being delivered The advertising messages to vote ‘No on Prop 112’ are everywhere you look and listen on Denver area TV and radio. The stakes are high for the oil and gas industry and its workers if Proposition 112 passes. Proposition 112 is the 2018 citizen-initiated ballot initiative backed[Read More…]

October 19, 2018 - 5:46 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics, Regulatory
If Colorado Voters Pass the 2,500-Foot Setback, ‘Governor Polis’ Will Let It Stand

If Colorado Voters Pass the 2,500-Foot Setback, ‘Governor Polis’ Will Let It Stand

Colorado Democratic party platform officially endorses both the 2,500-foot statewide drilling setback and the Martinez ruling for Colorado oil and gas permitting Candidate Polis seeks 100% renewable energy for Colorado, no fossil fuels Stapleton: ‘I would pursue every redress possible for that job-killing measure’ In the 2018 election season’s first gubernatorial debate, hosted by Denver TV station CBS4 on October 5th,[Read More…]

October 11, 2018 - 5:36 pm 360 Articles, Closing Bell Story, E&P, Jobs, Politics, Popular 3, Regulatory
Will 100,000 Phone Calls Be Able to Stop Oil and Gas Companies from Drilling in Colorado?

Will 100,000 Phone Calls Be Able to Stop Oil and Gas Companies from Drilling in Colorado?

It’s shaping up to be the power of advertising vs. the power of personal phone calls. At least that’s what the two opposing forces are doing to promote their polar opposite views of Proposition 112 as voters begin to think about what will be on their mail-in ballots which will begin to arrive in mid-October. Election day is Nov. 6.[Read More…]

September 26, 2018 - 5:47 pm 360 Articles, Closing Bell Story, E&P, Fracing, Law, Politics, Regulatory
Colorado’s Damaging Setbacks: Six Weeks Will Tell the Tale

Colorado’s Damaging Setbacks: Six Weeks Will Tell the Tale

Upcoming TV debate showcases thinking on both sides of the setback issue There is a storm cloud of potential upheaval facing Colorado’s oil and gas regulator (the Colorado Oil and Gas Conservation Commission—COGCC) this fall. On the leading edge is a contentious ballot issue that’s going to be in front of voters between mid-October and Nov. 6. Proposition 112 is[Read More…]

Oil and Gas Industry: Colorado Supreme Court Sets Date to Hear Oral Arguments in COGCC v. Martinez

Oil and Gas Industry: Colorado Supreme Court Sets Date to Hear Oral Arguments in COGCC v. Martinez

Colorado oil and gas regulation: is the State’s task to balance oil & gas development with public health, safety and welfare? Colorado’s high court will soon hear oral arguments in a case whose outcome could reshuffle the criteria the COGCC must use in granting permits to drill oil and gas wells Fall of 2018 will be remembered as the season[Read More…]

September 12, 2018 - 1:14 pm 360 Articles, Closing Bell Story, E&P, Fracing, Law, Politics, Regulatory
Colorado’s 2,500-Foot Setback Zipped by a Deadline on Friday Sept. 7

Colorado’s 2,500-Foot Setback Zipped by a Deadline on Friday Sept. 7

Setback measure named Proposition 112 on the Nov. ballot Friday Sept. 7 was one of the upcoming deadlines on the life path of initiative #97—the 2,500-foot mandatory statewide oil and gas setback. That was the last day for designated representatives of an initiative petition to withdraw the petition from consideration by filing a withdrawal letter with Secretary of State. This[Read More…]

September 10, 2018 - 5:33 pm 360 Articles, Closing Bell Story, Oil & Gas Jobs, Politics
Colorado Initiative 97 Hands Local Governments the Power to Bar Drilling

Colorado Initiative 97 Hands Local Governments the Power to Bar Drilling

A deeper look at initiative 97 If Colorado voters choose to stop drilling by passing initiative #97 on Nov. 6, the economic ramifications are deep – Colorado governor has no veto power over the measure Nine weeks from today Colorado’s voters will have the opportunity to vote ‘Yes’ on a measure that will essentially shut down new drilling, workovers and[Read More…]

September 4, 2018 - 6:56 pm 360 Articles, Closing Bell Story, Crude Oil News, E&P, Law, Politics
Colorado Could Potentially See the End of Oil & Gas Drilling if Voters Pass Initiative 97 on Nov. 6

Colorado Could Potentially See the End of Oil & Gas Drilling if Voters Pass Initiative 97 on Nov. 6

It’s a scenario that could possibly send oil and gas reserve values toward $0 and start an exodus of energy companies, capital investment and high paying jobs from the state From “theoretical to real” in a day The threat to the oil and gas industry posed by initiative 97 [EDITOR’S NOTE: INITIATIVE 97 WAS RENAMED PROPOSITION 112 ON THE COLORADO BALLOT] went[Read More…]

August 30, 2018 - 6:59 pm 360 Articles, Closing Bell Story, Crude Oil News, E&P, Fracing, Law, Politics
Colorado Setback Measure—Initiative 97—Makes the Ballot

Colorado Setback Measure—Initiative 97—Makes the Ballot

Colorado Secretary of State Wayne Williams announced that the setback measure for oil and gas development has qualified to be on the November 6 statewide ballot. The measure would mandate that new oil and gas development, including fracing, be a minimum distance of 2,500 feet from occupied buildings, waterways and other areas designated as “vulnerable.” Backers of Initiative 97 submitted signatures[Read More…]

August 29, 2018 - 4:33 pm 360 Articles, Closing Bell Story, E&P, Law, Politics, Popular 4
Anti- 97 Advertising Has Already Started in Colorado

Anti- 97 Advertising Has Already Started in Colorado

2018 Colorado ballot initiative requiring 2,500-foot drilling setback, or higher, is in the state verification queue: 6 business days till verification deadline  Even though the Colorado Secretary of State hasn’t yet announced the signature verification count for initiative 97, which calls for a mandatory 2,500-foot setback for new oil and gas operations, advertising aimed at convincing voters not to vote[Read More…]

Extraction Oil & Gas: 84-Well Comprehensive Drilling Plan Approved by Broomfield, Colorado

Extraction Oil & Gas: 84-Well Comprehensive Drilling Plan Approved by Broomfield, Colorado

After two years of public comment and revisions, Extraction will be allowed to drill in Broomfield–but will Colo. voters stop it in November with positive setback vote on 97? Extraction Oil & Gas (ticker: XOG) got the news this week that its Comprehensive Drilling Plan (CDP), dated July 27, 2018, was conditionally approved by the City and County of Broomfield,[Read More…]

Window Closing on Colorado Initiative 97: Voter Signature Collection Period Ends this Weekend

Window Closing on Colorado Initiative 97: Voter Signature Collection Period Ends this Weekend

Initiative 97 imposes a mandatory statewide minimum 2,500-foot drilling setback, also cedes power to local governments to increase setbacks This is the final week for environmental activist groups 350.org and Colorado Rising to gather signatures for Colorado ballot initiative 97. It’s the initiative that asks voters to change existing state law to impose a 2,500-foot setback on new oil and[Read More…]

August 1, 2018 - 1:42 pm 360 Articles, Closing Bell Story, Fracing, Politics, Regulatory
Colorado 2,500-Foot Setback Initiative 97 Enters the Stretch, Proponents Accelerate Grassroots Campaign

Colorado 2,500-Foot Setback Initiative 97 Enters the Stretch, Proponents Accelerate Grassroots Campaign

Extremely well-organized ‘keep it in the ground’ groups tell like-minded voters exactly what to do to get initiative 97 on the ballot, what to say at the COGCC hearing  “We’re calling on the COGCC to prioritize public health and safety over profit – and to get on the right side of history” – 350 Colorado campaign promoting initiative 97 Campaign[Read More…]

July 17, 2018 - 2:57 pm 360 Articles, Closing Bell Story, Fracing, Politics, Regulatory
Colorado Regulator Outlines Disruption if Proposed 2,500 Foot Setback Rule Makes the 2018 Ballot, Wins Voter Approval

Colorado Regulator Outlines Disruption if Proposed 2,500 Foot Setback Rule Makes the 2018 Ballot, Wins Voter Approval

Of the 7 million acres of non-federal land in Colorado’s top oil and gas producing counties, proposed initiative #97 would exclude 6.5 million acres from drilling and development An estimated 54% of Colorado’s total land surface would be unavailable for new oil and gas development by adopting the buffer zone setbacks and federal land exemption proposed by initiative #97, according[Read More…]

July 16, 2018 - 7:57 am 360 Articles, Closing Bell Story, E&P, Law, Politics
Present Day Middle Eastern Game of Thrones – Part Two

Present Day Middle Eastern Game of Thrones – Part Two

[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are challenging the balance of oil producers in the Middle East. El Mallakh was keynote speaker at the Energy Finance Discussion[Read More…]

Present Day Middle Eastern Game of Thrones – Part One

Present Day Middle Eastern Game of Thrones – Part One

“The Middle East shapes energy politics, energy crises, and it has a huge impact on geopolitics” – Helen El Mallakh Ahead of the upcoming 174th OPEC meeting in Vienna, Austria, (scheduled for Friday, June 22, and immediately followed by the fourth OPEC/non-OPEC ministerial meeting Saturday), Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED)[Read More…]

"El Merk, Algeria, March 2013: The CPF


Photo by Mike Goldwater"

Canada’s Proposed Bill C-69 Would Require Energy Project Environmental Assessments to Take Climate Change into Account

Bill gives cabinet and environment minister final power to approve or reject a project regardless of the findings of an environment assessment In February 2018, Catherine McKenna, the federal Minister of Environment and Climate Change, introduced Bill C-69. The bill may replace the Canadian Environmental Assessment Act of 2012 (CEAA 2012) with the Impact Assessment Act. McKenna claimed the new[Read More…]

Africa’s Largest non-OPEC Producer is on a Roll

Africa’s Largest non-OPEC Producer is on a Roll

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power demand and a recovering energy industry. Natural gas supply shortages often cause frequent blackouts in Egypt – and 2011’s political[Read More…]