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360 Articles

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

Colorado Fair Compensation for Takings Amendment Initiative Goes to the Secretary of State

On Friday Colorado Secretary of State Wayne Williams reported that the proponents of the private property rights measure – Initiative 108 – had turned the collected signatures over to the Secretary of State. The Secretary of State’s office now has 30 days to review the information provided on the petitions and determine whether the proposed measure has enough verified signatures for the[Read More…]

August 6, 2018 - 11:13 am 360 Articles, Closing Bell Story, Law, Regulatory
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 Governor John Hickenlooper

Colorado, Oil & Gas Industry Agree to Beef Up Safety Around Orphaned Wells

Colorado Gov. John Hickenlooper signed an executive order on Wednesday that addresses safety concerns with more than 260 orphaned wells and 360 orphaned sites in Colorado. The executive order follows a review that the governor ordered in the aftermath of the Firestone house explosion in 2017 that killed two people and injured another. Investigators found evidence of an abandoned gas[Read More…]

July 19, 2018 - 3:17 pm 360 Articles, Closing Bell Story, E&P, Regulatory
LNG Permitting: FERC Chairman Says No Delay Letters Were Sent

LNG Permitting: FERC Chairman Says No Delay Letters Were Sent

McIntyre says FERC is streamlining the LNG plant permitting process, reducing the timing  The Federal Energy Regulatory Commission has issued a news release saying the commission has not sent letters to LNG project applicants announcing delays of 12 to 18 months for pending applications for liquefied natural gas terminals. Last week, Bloomberg reported that unnamed sources had described the letters.[Read More…]

July 18, 2018 - 3:44 pm 360 Articles, Closing Bell Story, LNG, 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
"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…]

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
Colorado Mineral Owners’ Amicus Brief for Martinez Case is Accepted by Colorado Supreme Court

Colorado Mineral Owners’ Amicus Brief for Martinez Case is Accepted by Colorado Supreme Court

Legal process could take a year or more at Colorado high court The Colorado Alliance of Mineral and Royalty Owners (CAMRO) has filed an amicus curiae brief discussing how the desired changes sought out in the Martinez case would affect royalty owners in Colorado. In April the Colorado high court accepted the CAMRO amicus brief. “I am pleased to let[Read More…]

May 3, 2018 - 3:06 pm 360 Articles, Closing Bell Story, E&P, Law, Regulatory
Congressman Seeks to Raise Ethanol Content at the Pump to 15%

Congressman Seeks to Raise Ethanol Content at the Pump to 15%

The Energy Independence and Security Act of 2007 (EISA) set yearly RFS volume requirements for each renewable fuel category. EPA updates volume requirements each year based on fuel availability. The RFS is a federal program that requires transportation fuel that is sold in the United States to contain a minimum volume of renewable fuels. It’s known as the renewable fuel[Read More…]

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

$700 million investment addresses growth in the region and expected future energy demand  Project benefited 150 companies, contributed $12 million to local subcontractors A new 750-megawatt combined-cycle natural gas plant at the W.S. Lee Station in Anderson County, S.C., began generating gas-fired power for Duke Energy (ticker: DUK) customers last week in South Carolina and North Carolina. Construction of the $700 million plant started in March 2015. Duke said[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
Source: Cheniere

LNG and Steel: Tariffs Could Lower Competitiveness of U.S. NatGas Exports – Trade Group

Steel, aluminum tariffs take effect March 23 When Shell (ticker: RDS.A) released its 2018 LNG Outlook in late February, the global oil and gas major said that surging global LNG demand could lead to possible shortages in the Mid-2020s. Shell said based on current demand projections, it sees a potential for a supply shortage developing in mid-2020s, unless new LNG production[Read More…]

March 16, 2018 - 3:09 pm 360 Articles, Closing Bell Story, LNG, Regulatory
Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt. Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, Reuters reported in December 2017. Big businesses in the country have also poured money into the bonds, hoping to capitalize[Read More…]

Colorado Governor John Hickenlooper

Colorado Bill that Codifies Martinez Appeals Court Outcome Passes House, Heads to Senate Committee

On March 7, 2018, an important bill that would likely change how oil and gas operations are permitted and regulated in the state has made it through the Colorado House and is headed to the Senate. The bill, the HB18-1071, Regulate Oil Gas Operations Protect Public Safety, barely passed through the House with opposition on both sides of the aisle,[Read More…]

March 6, 2018 - 5:53 pm 360 Articles, Closing Bell Story, E&P, Regulatory
Climate Movement Sends Highly Organized Members to Colorado Caucuses

Climate Movement Sends Highly Organized Members to Colorado Caucuses

Securing political support for 2,500 foot drilling setbacks, abolishing the COGCC, removing public funds from banks who make loans to fossil fuel companies  The movement against shale development has progressed considerably beyond a group of activists holding signs and shouting anti-fracing slogans in front of the capitol. The “climate justice” movement, which calls its goal of replacing fossil fuels with[Read More…]

March 6, 2018 - 2:50 pm 360 Articles, Closing Bell Story, Fracing, Politics, Regulatory
Source: University of Colorado

Wattenberg: Boulder County Files for Dismissal of 8 North’s Additional Density Applications

Colorado county adjacent to Weld is fighting to stop oil and gas development on its side of the line In the Wattenberg field, Boulder County has filed motions to dismiss 8 North LLC’s applications for additional density, arguing that the COGCC cannot grant them when the drilling and spacing units have not yet been established and the authorized well for[Read More…]

December 8, 2017 - 5:51 pm 360 Articles, Closing Bell Story, E&P, Regulatory
Lynn Helms, Director of North Dakota DMR 
Photo Credit: Prairie Biz

N.D. Supreme Court Upholds State’s Million-Dollar Oilfield Saltwater Dumping Penalty

The North Dakota Supreme Court today ruled in favor of the North Dakota Industrial Commission, Oil and Gas Division (OGD) regarding a case seeking a civil penalty plus costs and expenses from Black Hills Trucking (BHT) for illegally dumping saltwater in 2014. The Commission sought $950,000 in penalties from BHT for illegally releasing saltwater from a truck on three different[Read More…]

December 7, 2017 - 5:54 pm 360 Articles, Closing Bell Story, E&P, Oilfield Services, Regulatory
CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I Wins $95 Million Saudi Aramco Shell Refinery Contract

CB&I (ticker: CBI) won a contract for more than $95 million from the Aramco-Shell JV – Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF’s modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia. “The relationship between CB&I and SASREF extends back for more than a decade, and[Read More…]

December 7, 2017 - 2:31 pm 360 Articles, Closing Bell Story, Downstream, Regulatory
Davis Refinery Aerial View

Source: Meridian Energy

Bakken: Davis Refinery Update

The plant will have emissions so low it won’t require an EPA permit – Meridian Energy Group, Inc. Davis Refinery 49,500 bpd state-of-the-art crude oil refinery, over 700 acres of land near Belfield, N.D. The Burlington Northern Santa Fe rail line runs directly through the refinery site, facilitating the construction of a crude oil feedstock offloading and refined fuels uploading[Read More…]

December 6, 2017 - 5:16 pm 360 Articles, Closing Bell Story, Energy News, Regulatory
Source: U.S. Energy Information Administration and IHS Market

FERC Gets Back to Work Reviewing Pipeline Applications, and There Are Plenty of Them

Several key new projects approved in Northeast Utica and Marcellus; 50 more in process Without pipelines to take Marcellus and Utica natural gas and liquids production to the markets that need the gas, the shale boom stagnates—it’s been a problem in the Northeast since shale gas drilling took off over a decade ago. But with the loud cry for takeaway[Read More…]

October 30, 2017 - 4:50 pm 360 Articles, Closing Bell Story, LNG, Midstream, Regulatory
A Wattenberg Victory: Extraction Oil & Gas Receives Approval from Broomfield

A Wattenberg Victory: Extraction Oil & Gas Receives Approval from Broomfield

Extraction went far beyond what state law requires to gain local approval of a well development plan within Broomfield city and county limits Wattenberg-DJ operator Extraction Oil & Gas, Inc. (NASDAQ:XOG) has received approval for its Operator Agreement with the City and County of Broomfield, Colorado, the company announced today. The Broomfield City Council approved the company’s development plan after a year-long[Read More…]

EPA Boss Ends “Sue & Settle” Environmental Policymaking

EPA Boss Ends “Sue & Settle” Environmental Policymaking

“The days of regulation through litigation are over,” – EPA Administrator Scott Pruitt EPA Administrator Scott Pruitt issued an Agency-wide directive today designed to end “sue and settle” policymaking practices within the EPA. The boss of one of the government’s most powerful regulating bodies initiated a plan that delivers an unprecedented level of public participation and transparency in EPA consent[Read More…]

October 17, 2017 - 4:43 pm 360 Articles, Closing Bell Story, Law, Regulatory
EPA Chief Pulls Plug on Clean Power Plan

EPA Chief Pulls Plug on Clean Power Plan

For coal the damage is already done, plants are switching to natural gas Today U.S. Environmental Protection Agency (EPA) Administrator Scott Pruitt issued a Notice of Proposed Rulemaking (NPRM) that proposes to repeal the prior administration’s Clean Power Plan (CPP). “After reviewing the CPP, EPA has proposed to determine that the Obama-era regulation exceeds the Agency’s statutory authority,” the agency[Read More…]

TransCanada Axes Two Pipeline Projects

TransCanada Axes Two Pipeline Projects

Energy East and Eastern Mainline applications withdrawn by TransCanada TransCanada Corporation (ticker: TRP) said in a press release today that it will no longer be proceeding with its proposed Energy East Pipeline and Eastern Mainline projects. TransCanada President and Chief Executive Officer Russ Girling put out a statement saying that TransCanada would inform the National Energy Board that it would[Read More…]

October 5, 2017 - 4:13 pm 360 Articles, Canada, Closing Bell Story, Midstream, Regulatory
Source: University of Colorado

Commissioners Warn Boulder County Residents that Oil Companies are Making Plans to Drill

Extraction’s 8 North LLC and Crestone Peak Resources have submitted drilling plans to the state to start developing Boulder County Wattenberg assets; commissioners “are very concerned” In a county that is host to a symposium this weekend called “Warrior Principle, Climate Action,” it is not a total surprise that the Boulder County Commissioners sent out a county-wide email this week[Read More…]

September 15, 2017 - 4:57 pm 360 Articles, Closing Bell Story, E&P, Politics, Regulatory
Will Enbridge’s Line 3 become the Next Keystone XL?

Will Enbridge’s Line 3 become the Next Keystone XL?

Minnesota Commerce Dept. sees no need for Enbridge’s Line 3 Replacement Pipeline Project The Line 3 Replacement Program is a multi-billion dollar private investment consisting of 1,031 miles of 36-inch diameter pipeline beginning in Hardisty, Alberta and ending in Superior, Wisconsin; it is one of North America’s largest infrastructure programs: Enbridge  Calgary-based energy transportation giant Enbridge (ticker: ENB) has said[Read More…]

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Sabal Trail: court requires FERC to account for GHG impact from pipeline’s downstream gas users On August 22, 2017, the United States Court of Appeals serving the District of Columbia circuit granted the petition for review in the case of Sierra Club v. the Federal Energy Regulatory Commission (FERC) and Duke Energy. “The petition for review in No. 16-1329 is[Read More…]

House Passes Two Bills to Overhaul Oil & Gas Pipeline Permitting

House Passes Two Bills to Overhaul Oil & Gas Pipeline Permitting

The House of Representatives has passed two energy bills that introduce targeted reforms to the federal government’s permitting and siting policies for oil and natural gas pipelines. The House today passed the following bills: H.R. 2883, Promoting Cross-Border Energy Infrastructure Act, authored by committee members Rep. Markwayne Mullin (R-OK) and Rep. Gene Green (D-TX), would: Replace the Presidential Permitting approval[Read More…]

July 20, 2017 - 3:44 pm 360 Articles, Closing Bell Story, Midstream, Regulatory
BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of Mexico for lease for the purpose of oil and gas exploration. The acreage lies off the coast of Texas, Louisiana, Mississippi,[Read More…]

July 17, 2017 - 4:38 pm 360 Articles, Closing Bell Story, E&P, Offshore, Politics, Regulatory
NOAA Study: Agriculture and Wetlands Triggered Earth’s Methane Rise—Not Oil & Gas Operations

NOAA Study: Agriculture and Wetlands Triggered Earth’s Methane Rise—Not Oil & Gas Operations

After a decade of blaming oil and gas drilling, turns out cows and rice are among primary culprits: NOAA Recent increases in atmospheric methane are not because of fossil fuels after all, according to a recent release from the National Oceanic and Atmospheric Administration (NOAA). After rising for almost two decades, atmospheric methane concentrations were essentially flat from 1999 to[Read More…]

July 13, 2017 - 5:39 pm 360 Articles, Closing Bell Story, Regulatory