Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

360 Articles

Dear Weld County’s Hard Working Citizens: When Governor Polis said He wants All Families to have a Chance to Thrive, He Wasn’t Talking about You—Weld County Commissioners

Dear Weld County’s Hard Working Citizens: When Governor Polis said He wants All Families to have a Chance to Thrive, He Wasn’t Talking about You—Weld County Commissioners

Weld County economy depends heavily on oil and gas production The Board of Weld County Commissioners, representing the working people who live in the epicenter of Colorado’s most prolific oil-producing region, posted a message to their constituents in response to Governor Polis’s signing of Senate Bill 19-181 into law.  SB 19-181 is the law that makes vast changes the priorities[Read More…]

April 22, 2019 - 5:56 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now

Colorado Governor Jared Polis held a brief bill signing ceremony today at which he signed Senate Bill 19-181 into law. The act that overhauls much of Colorado’s energy regulation landscape became law today, effective immediately after being signed into law by Gov. Polis. The bill was enacted by the Colorado Legislature in recent weeks. It was signed by the president[Read More…]

Colorado Energy Overhaul Bill 181 Achieves Final Passage, Heads to Governor Polis

Colorado Energy Overhaul Bill 181 Achieves Final Passage, Heads to Governor Polis

Energy overhaul bill SB 181 with House amendments passes final vote in Senate after 22 minutes of discussion in its last legislative appearance in past 4 1/2 weeks Colorado’s controversial energy overhaul bill, Senate Bill 19 – 181, which was introduced March 1 and shot through six committees and two Committee of the Whole votes in the state’s two legislative[Read More…]

April 3, 2019 - 4:27 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Final Vote Postponed for Colorado’s Energy Overhaul—Again

Final Vote Postponed for Colorado’s Energy Overhaul—Again

When Senate Bill 19-181, Colorado’s much publicized energy overhaul bill, came up for a third reading in the Colorado Senate Tuesday morning, a movement to lay the bill over for another day was quickly carried, postponing the final discussion and senate vote until April 3. It’s the second day the bill was laid over. This last vote is required for[Read More…]

April 2, 2019 - 1:20 pm 360 Articles, Closing Bell Story, Jobs, Politics, Regulatory
Colorado Energy Overhaul Bill Passes House, Heads Back to Senate for Final Vote

Colorado Energy Overhaul Bill Passes House, Heads Back to Senate for Final Vote

Sweeping changes to the COGCC mission and composition, mandate for new rulemakings, new permitting layers, and involvement of local governmental approvals will usher out ‘business as usual’ for Colorado’s oil and gas industry The bill that lays out the language that will overhaul Colorado’s oil and gas rules, Colorado’s Senate Bill 19-181, has now jumped over the next to last[Read More…]

New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

Colorado Energy Overhaul Bill Speeds Through All Six Committees, Next Up – Second Reading and House Vote

Bill may finish its journey this week The 2019 Democrat-controlled Colorado legislature has toggled Senate Bill 19-181 through six committees in both houses at record speed. The bill, which seeks to give the siting and permitting decisions for new wells and other oil and gas operations to local governments, a function that has been reserved for the State of Colorado[Read More…]

Edge of the Wattenberg: Moratorium Expires but will Drilling Return to Boulder County?

CU Denver Business School Study Itemizes $ Billions in Paychecks, Funds for Colorado Schools and Services from Oil and Gas Drilling and Production

$13.5 billion in GDP, $1 billion of public revenue supporting schools, social assistance programs, parks and water infrastructure are in question A new study from the University of Colorado Denver Business School’s Graduate Energy Management program itemizes the significant economic impact from Colorado’s oil and gas upstream and midstream subsectors, calling oil and gas “a critically important spoke in the wheel[Read More…]

March 25, 2019 - 4:52 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
COGCC Logo

Colorado Gov. Names ‘Local Control’ Attorney Robbins Director of COGCC

Colorado’s new governor, Jared Polis, has named attorney Jeff Robbins as the full-time director of the Colorado Oil & Gas Conservation Commission. Robbins had served as acting director of the commission since January 17. COGCC Director Jeff Robbins Robbins has served as counselor and advisor to Governor Jared Polis on oil and gas issues for the past five years. “Jeff’s[Read More…]

March 21, 2019 - 4:59 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Colorado Energy Overhaul Bill Moves to Second House Committee

Colorado Energy Overhaul Bill Moves to Second House Committee

The Colorado Legislative Council sent out a Tweet just after midnight on March 19 announcing that the House Committee on Energy & Environment has referred Senate Bill 19-181, Protect Public Welfare Oil & Gas Operations, to the Committee on Finance. The motion passed in the committee on a vote of 7 For – 4 Against. Froelich Yes Geitner No Kipp[Read More…]

March 19, 2019 - 11:09 am 360 Articles, Closing Bell Story, Politics, Regulatory
Colorado Energy Overhaul: After Sprinting through the Senate in 5 Days, Energy Bill Leaps to the House

Colorado Energy Overhaul: After Sprinting through the Senate in 5 Days, Energy Bill Leaps to the House

Colorado House Energy & Environment Committee will hear SB 19-181 on Monday Revised Fiscal Note looks at oil and gas production and tax revenues Colorado Democrats own all three branches of government in 2019. It’s been a head-spinning week watching the controversial and highly contested energy overhaul bill zoom through the Colorado Senate. SB 19-181 was introduced on March 8[Read More…]

March 15, 2019 - 4:34 pm 360 Articles, Closing Bell Story, E&P, Politics, Popular 4, Regulatory
COGCC Acting Director Issues Well Location ‘Red Flag List’ to Permitting Staff

COGCC Acting Director Issues Well Location ‘Red Flag List’ to Permitting Staff

Drilling permit protocol memo flags 15 location criteria “subject to additional review by Director”   By Bevo Beaven, Editor, Oil & Gas 360 A significant increase in the number of drilling permit applications submitted last year in the lead-up to the Nov. 6 election, and with it the looming possibility that Proposition 112 might become law, resulted in 6,307 oil and[Read More…]

March 12, 2019 - 2:54 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Colorado Energy Overhaul Bill Zooms to Senate Floor Tuesday March 12

Colorado Energy Overhaul Bill Zooms to Senate Floor Tuesday March 12

It’s ‘Not about Local Control, It’s about Total Control’: Weld County Commissioner Barb Kirkmeyer Intended to be a moratorium – bill’s sponsor says SB 19-181 rules apply to 4,500 Weld County drilling permits now pending approval: Kirkmeyer By Bevo Beaven, Editor, Oil & Gas 360 The Colorado Senate has now scheduled the second floor-reading for SB 19-181, the controversial bill[Read More…]

March 11, 2019 - 5:54 pm 360 Articles, Closing Bell Story, Law, Politics, Regulatory
Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

Colorado Oil & Gas Overhaul Bill Passes Third Committee Hearing, Senate Floor is Next

With 6 Dems and 4 Republicans on Senate Appropriations Committee, advancement after Friday’s hearing was virtually assured  The Colorado General Assembly is wasting no time rocketing the contentious energy revamp bill through the State House. Senate Bill 19-181 was introduced on March 1, 2019—just a week ago—and It’s moving along partisan lines at record speed. By the end of business[Read More…]

Colorado’s New Energy Bill Gives Local Governments Full Power to Regulate Land Use, Siting of Oil and Gas Operations

Colorado’s New Energy Bill Gives Local Governments Full Power to Regulate Land Use, Siting of Oil and Gas Operations

Colorado bill requires that no drilling permits will be issued until COGCC has “promulgated every rule required to be adopted by oil and gas bills enacted in 2019, and those rules have become effective”  Pro and Con:  Dualing Rallies are Taking Place at the Colorado State Capitol – Tuesday March 5, 2019 “The language as it stands would portend a[Read More…]

March 5, 2019 - 6:13 am 360 Articles, Closing Bell Story, E&P, Politics, Popular 2, Regulatory
Climate Group-Led Petition Demands New Colo. Governor Revamp COGCC’s Mission

Climate Group-Led Petition Demands New Colo. Governor Revamp COGCC’s Mission

Groups behind Colorado Prop. 112 want new governor and legislature to change oil and gas commission; soliciting public support for petition Anti-oil and gas industry factions have already sprung out of the gates in 2019 by asking Colorado’s newly elected state legislature and its new governor-elect to reboot the mission of the state’s oil and gas regulator. As it reads[Read More…]

January 2, 2019 - 5:49 pm 360 Articles, Closing Bell Story, Politics, Regulatory
Most-Read Stories of 2018

Most-Read Stories of 2018

Jury slams Texas frac company with $100-million verdict, M&A deals proliferate, and Colorado oil and gas flirts with a setback disaster: 2018’s most read stories In addition to Oil & Gas 360’s coverage of oil and gas company financial and operating results, shifting C-suites, global industry trends, new technologies, and OPEC+, readers were alerted each day to most-read industry stories in[Read More…]

December 27, 2018 - 6:49 pm 360 Articles, Closing Bell Story, E&P, Law, OPEC, Politics, Trending
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
New Era for Colorado Oil and Gas Permitting and Regulation Starts Now - Oil & Gas 360

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