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360 Articles

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…]

Trans-Alaska oil pipeline

A Minimum of 5.7 Billion Barrels Await Drillers at ANWR

The Arctic National Wildlife Refuge (ANWR) is located on the northern coast of Alaska, due east of both Prudhoe Bay and the National Petroleum Reserve-Alaska (NPRA). The coastal plain (the 1002 Area) covers 1.5 million acres and is about 8% of the total area of ANWR. USGS 1002 Area Map In its latest (1998) resource assessment, the United States Geological[Read More…]

Colorado’s 2,500-Foot Oil & Gas Setback Ballot Initiative in Signature-Gathering Mode

Colorado’s 2,500-Foot Oil & Gas Setback Ballot Initiative in Signature-Gathering Mode

Will they gather enough signatures this time around? The 2018 Colorado ballot initiative that would change state law to require 2,500-foot setbacks from occupied structures, playgrounds and water sources for new oil and gas development projects is in the signature gathering phase. It is Initiative #97. The groups behind the newest setback initiative have just 68 more days to collect[Read More…]

May 29, 2018 - 2:19 pm 360 Articles, Closing Bell Story, Politics, Regulatory
The U.S. Sanctions Venezuela

The U.S. Sanctions Venezuela

On May 21, 2018 the United States president signed an executive order prohibiting certain transactions with the government of Venezuela. The order restricts transactions involving debt owed to the Venezuelan government. Source: WhiteHouse.gov According to law firm Akin Gump, the new prohibitions target three categories of transactions: The purchase of any debt owed to the government of Venezuela, including accounts receivable Any[Read More…]

Iran’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment. Although some sanctions targeting the energy industry were temporarily lifted, and oil production reached ~3.8 MMBOPD in 2017, growth has remained[Read More…]

Courtesy of RSP Permian

OECD Inventories Lowest in Three Years: IEA

Inventory declines have brought prices to three-year highs The International Energy Agency (IEA) released its monthly Oil Market Report today, outlining the group’s analysis of the overall oil market. In March 2018, OECD stocks declined by 27 million barrels to 2,819 million barrels – 214 million barrels below year-ago levels. This is the lowest level in three years, the IEA[Read More…]

Canada’s Energy Sector Faces Rough Waters

Canada’s Energy Sector Faces Rough Waters

Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer   With U.S. shale on a tear, imports are dropping Total U.S. crude production reached 10 MMBOPD in November 2017 and the Canadian Industrial Outlook report from The Conference Board of Canada estimates that U.S. production will pass 11 MMBOPD in[Read More…]

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

Oil and gas investment in politically risky British Columbia Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) announced an acreage buy in British Columbia’s Montney play. ConocoPhillips Company acquired about 35,000 net acres in the Montney play[Read More…]

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward

Crestone Peak submits 4th Draft of Comprehensive Drilling Plan to COGCC Crestone Peak Resources, the privately held DJ Basin operator that is developing Encana’s former assets in in Northern Colorado, is getting a little closer to planting its flag on three planned drill pads in Boulder County. Developing the Encana DJ Basin assets Crestone Peak was formed in 2015 through[Read More…]

April 6, 2018 - 2:23 pm 360 Articles, Closing Bell Story, E&P, Fracing, Politics, Regulatory
COGCC Full House, Mar. 19, 2018

Martinez v. COGCC: Opening Briefs at the Colorado Supreme Court

Case background The beginning of the Martinez v. COGCC case dates back to November 15, 2013, when petitioners Xiuhtezcatl Martinez, Itzcuahtli Roske-Martinez, Sonora Brinkley, Aerielle Deering, Trinity Carter, and Emma Bray, minors appearing by and through their legal guardians Tamara Roske, Bindi Brinkley, Eleni Deering, Jasmine Jones, Robin Ruston, and Diana Bray, petitioned the Colorado Oil and Gas Conservation Commission[Read More…]

COGCC Logo

Colorado High Court Set to Hear Opening Briefs for Martinez v. COGCC

Oil & Gas 360® has learned that the Colorado Supreme Court will hear the opening briefs for Martinez v. COGCC (docket number 2017SC297) on April 2, 2018. It’s a meaningful case because the outcome could force a change to the criteria which Colorado’s oil and gas regulator—the Colorado Oil and Gas Conservation Commission (COGCC)—must use when approving or denying permits[Read More…]

Director Julie Murphy Begins Her Era as Colorado’s Top Oil Regulator

Director Julie Murphy Begins Her Era as Colorado’s Top Oil Regulator

Julie Murphy was welcomed by her fellow colleagues as the COGCC held its March 19, 2018 hearing, and during a lively public comment session, voices both for and against oil and gas development were inked into the record COGCC Offices The Colorado Oil and Gas Conservation Commission started the day with a brief roll call and welcomed a new honcho,[Read More…]