Almost half of the state of New York is underlain by the Marcellus shale, the nation’s most prolific natural gas deposit. But thanks to a long running delay in permitting—to study hydraulic fracturing—ever since 2008, the State of New York has dragged its feet on shale development. In doing so it has kept landowners, citizens, municipalities and itself from benefiting
While the United States is garnering global attention for its shale boom, its prominence in the renewable energy field is far above that of any of its international competitors. The United States has been the world’s greatest producer of renewable energy since 2006. According to BP’s 2014 Statistical Review of World Energy, the U.S. accounted for 43.5% of the world’s
If proposition 89 lands on the ballot and passes a statewide vote in the general election on November 4, companies who want to establish operations in Colorado will face a variety of differing rules and a new level of political risk when committing capital in the state. In a post-89 world, environmental regulations may be imposed by local communities around
In a ruling Thursday that overturned the city of Longmont’s ban on hydraulic fracture stimulation, a Boulder County, Colorado judge—and the case itself—illustrated the power that Proposition 89 would convey to municipalities and other local governments statewide. Boulder Judge D.D. Mallard said on Thursday that Longmont’s charter amendment “clearly conflicted with the state’s regulations and its interest in the efficient
During his introductory comments on the Noble Energy (ticker: NBL) Q2 earnings call today, Noble Chairman and CEO Charles Davidson said: “I wanted to spend a couple of minutes discussing the regulatory environment for oil and gas development in Colorado, which is certainly gathering a lot of attention right now. As many of you are aware, certain initiatives have been
Breitling Energy Corporation (ticker: BECC) is focused on the acquisition, exploration and development of lower risk onshore plays in the United States. The Dallas, Texas-based company primarily targets the Permian Basin and Mississippi oil window through its properties in Texas, North Dakota, Oklahoma and Mississippi. Breitling Snapshot Breitling ended fiscal 2013 with 710 MBOE in reserves (70% oil) and is
Note: this is Part Two of a two-part series looking at the rapid pace of oil and gas development in Weld County in 2014. Click here to read Part One: Will Voters Kill Colorado’s Golden Goose? 2013 was a record year for oil production in Colorado: 64 million barrels were produced in the state. Weld County extracted 52 million of those
August 4 is the deadline for two citizens’ groups that are attempting to collect the signatures required to land two statewide ballot proposals on the November ballot. If successful, they would give voters the power to inhibit Colorado’s future oil and gas development. By Bevo Beaven, Editor, Oil & Gas 360 NOTE: This is the first of a two-part series
The Denton, Texas City Council voted 5-2 Tuesday night against enacting a permanent ban on the continued permitting of hydraulic fracturing within its city limits. City leaders had introduced a temporary ban on new permits in May after fracing-ban proponents delivered a petition containing about 2,000 signatures. The city’s temporary ban is set to expire in September, according to an
A ballot initiative that would have given communities the power to regulate local oil and gas operations was pulled Monday for a lack of supporting signatures, according to a report by the Denver Post Tuesday. “Initiative 75 would have added the so-called Community Rights Amendment to the state constitution, but to get it on the ballot required 86,105 valid signatures
Synergy Resources Corporation (ticker: SYRG) announced it has finalized a turn-key contract for its third rig and will be adding it to its Wattenberg acreage immediately, according to a company news release on July 9, 2014. The terms of the new contract allow for the drilling of at least eight wells on SYRG’s Wiedeman lease, which will begin in August.
CNN reported today that ISIS has taken over six Syrian oil and gas fields, as well as al-Omar, “Syria’s largest oil facility that can produce 75,000 barrels of oil a day.” Pakistan’s Dawn News reported that one of the oil fields taken over was Tanak, located in the Sheiytat desert area in the east of Deir Ezzour province, according to
