Post Tagged with: "Colorado"

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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 …

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

The Colorado …

Bill Barrett Closes Merger with Fifth Creek Energy, Changes Name and Stock Symbol

Bill Barrett Closes Merger with Fifth Creek Energy, Changes Name and Stock Symbol

Starting tomorrow you can call it HighPoint Resources

Bill Barrett Corporation (NYSE: BBG) has completed its strategic combination with Fifth Creek Energy Company, LLC.  The merger between Bill Barrett and privately held Fifth Creek Energy closed March 19, 2018.

In …

Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million

Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million

Bonanza Creek Energy (ticker: BCEI) reported a net loss for Q4 2017 of $5.8 million, or $(0.28) per diluted share. For 2017, the company posted a net loss of $2.4 million.

Production in the fourth quarter of 2017 reached 14.8 …

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, …

Anadarko Petroleum Rakes in $976 Million in Q4

Anadarko Petroleum Rakes in $976 Million in Q4

Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted).

Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion.

For …

Bonanza Creek Hits High Water Marks

Bonanza Creek Hits High Water Marks

Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase …

Photo: Free Range Longmont -- Drilling near Mead, Colorado

Climate Groups Prepare Oil & Gas Setback Initiative for 2018 Colorado Ballot

Another 2,500 setback initiative

The climate activist groups 350.org and Colorado Rising, a coalition of grassroots groups and activists who worked on 2016’s unsuccessful ballot initiative to amend the Colorado constitution with mandatory 2,500-foot setbacks for oil and gas operations …

Extraction Oil & Gas Prepares to Invest $770-$840 Million 2018 CapEx

Extraction Oil & Gas Prepares to Invest $770-$840 Million 2018 CapEx

2018 capital program, production and operating expense guidance

  • The company expects its full-year 2018 average net sales volumes to be 87-93 MBOEPD, with 42.5-45.5 MBbl/d of crude oil, which at the midpoint represents 76% total equivalent growth and 83% crude
Rimrock Energy Partners Building More Takeaway in the Wattenberg

Rimrock Energy Partners Building More Takeaway in the Wattenberg

Pierce Plant & Gathering System

Rimrock Energy Partners, LLC has begun construction on a new natural gas processing facility and extensive gas gathering system in Weld County, Colorado. The Pierce Plant & Gathering System will serve producers in the northwest …

December 4, 2017 - 5:44 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
Extraction Oil & Gas (XOG) Expands Operating Footprint with Oily Hawkeye

Extraction Oil & Gas (XOG) Expands Operating Footprint with Oily Hawkeye

Q3 highlights

  • Average net sales volumes of 62,884 BOEPD including 34,607 barrels per day (Bbl/d) of oil
  • Net loss of $29.8 million, or ($0.20) per basic and diluted share
  • Turned to sales 30 gross (27 net) operated wells with an
Colorado Governor John Hickenlooper

Rulemaking, Legislation to Increase Colorado Oil & Gas Safety Following Gas Explosion, Says Governor

Colorado Governor John Hickenlooper released the state’s response following a three month review of oil and gas operations after a severed natural gas flowline contributed to a home explosion in Firestone, Colorado, in April that killed two people and injured …

PetroShare Corp. Spools Up Activity in the Wattenberg

PetroShare Corp. Spools Up Activity in the Wattenberg

With a pure-play focus in the Niobrara and Codell formations in the Wattenberg field, PetroShare (ticker: PRHR) holds approximately 9,900 net acres in northeastern Colorado.

Petroshare has divided its focus between its Todd Creek Farms acreage and its Buck Peak …

Martinez v. COGCC Decision Could Upend Colorado Oil & Gas Permitting

Martinez v. COGCC Decision Could Upend Colorado Oil & Gas Permitting

Direction of state’s oil and gas regulator awaits high court review of Martinez decision

Martinez v. COGCC Decision Could Upend Colorado Oil & Gas Permitting

In May, the Colorado Attorney General petitioned the Colorado Supreme Court to review the appellate court’s ruling in the case of Martinez v. Colorado Oil and …

Anadarko Details its Response to the Firestone, Colorado, NatGas Home Explosion

Anadarko Details its Response to the Firestone, Colorado, NatGas Home Explosion

Wells Fargo assesses fallout for Colorado oil and gas operators

The cut natural gas flowline that preliminary investigations have said caused the house explosion incident in Firestone, Colorado, in Weld County, has led Anadarko Petroleum (ticker: APC) to take significant …

Colorado Governor John Hickenlooper

28 Colorado Mayors, County Commissioners Ask Gov. Hickenlooper to Override COGCC Vote on Martinez Case

Colorado’s anti-oil politics

A letter to Colo. Gov. John Hickenlooper from a group of sitting Colorado mayors, council members, trustees and county commissioners, dated May 15, 2017, made a plea to the Colorado governor “to override the COGCC vote and …

Case That Would Restrict Colorado Oil & Gas Permitting Wins a Reversal in Appeals Court

Case That Would Restrict Colorado Oil & Gas Permitting Wins a Reversal in Appeals Court

The majority opinion conjures a condition precedent out of grammatical thin air, which now enshrines the “precautionary principle” in Colorado law.  This has been a goal of environmental advocates pursuant to COGCC rulemaking for many years – API/CPA

In February, …

Anadarko Shuts In 3,000 Colorado Vertical Wells

Anadarko Shuts In 3,000 Colorado Vertical Wells

Wells represent production of 13,000 net BOEPD

In the wake of an April 17th home explosion in Firestone, Colorado, in Weld County, where it is one of the largest oil and gas operators, Anadarko Petroleum (ticker: APC) announced that it …

Nighthawk Energy: Production and Water Flood Update - Oil & Gas 360

Nighthawk Energy Announces Production for Q1 2017

Nighthawk, the U.S. focused oil development and production company with assets in Colorado (ticker: HAWK,  NHEGY), announced an update to production levels.

Gross and net* oil production (unaudited), in barrels, for the first three months of 2017 is summarized below.…

Colorado’s City and County of Broomfield Seeks Frac Moratorium–Again: Council Puts off Decision

Colorado’s City and County of Broomfield Seeks Frac Moratorium–Again: Council Puts off Decision

Extraction Oil & Gas’s proposed drilling program spurred citizen action and reaction by Broomfield council

On Jan. 10, 2017, the City and County of Broomfield, Colorado, held a public hearing on its proposed ordinance No. 2038 which calls for imposing …

Nighthawk Energy: Production and Water Flood Update - Oil & Gas 360

Nighthawk Energy: Production and Water Flood Update

Nighthawk Energy (ticker: HAWK) announced an update to current production levels, water flood injection wells, hedging and Rule 9 waiver.

Production Update

The Company’s production continues to remain strong through the first ten months of 2016. The effects of a …

Colorado Voters Decide to “Raise the Bar”

Colorado Voters Decide to “Raise the Bar”

Colorado passes Amendment 71, which would require 2% of voters from each of its Senate districts to sign petitions for constitutional changes, including future measures attempting to ban hydraulic fracturing

Colorado voters decided to pass Amendment 71 – or Raise …

PDC Energy – Day One Breakout Notes

PDC Energy – Day One Breakout Notes

PDC Energy presents at EnerCom’s The Oil & Gas Conference®

During PDC’s breakout session, management was asked the following questions:

  • What has driven your LOEs to the lowest in class?
  • Is there a Delta P issue with plunger-lift wells?
Synergy Resources Corporation– Day One Breakout Notes

Synergy Resources Corporation– Day One Breakout Notes

Synergy Resources Corporation presents at EnerCom’s The Oil & Gas Conference®

During Synergy Resources’ breakout sessions, management was asked the following questions:

  • How do feel about the current price of oil? How sturdy is CAPEX, what will you change if
Future of Colorado Drilling: Three Days Remain to Gather Signatures for 2016 Ballot Issues

Future of Colorado Drilling: Three Days Remain to Gather Signatures for 2016 Ballot Issues

Initiative 75 would amend the Colorado constitution to give municipalities control over oil and gas permitting, regulating

78 would essentially stop new drilling on 90% of Colorado’s land area by making a mandatory 2500-foot setback rule part of the state’s

Colorado Could Lose $14.5 Billion, 104,000 Jobs and Suffer Reduced GDP if Ballot Initiative 78 Passes – UPDATE

Colorado Could Lose $14.5 Billion, 104,000 Jobs and Suffer Reduced GDP if Ballot Initiative 78 Passes – UPDATE

Aug. 8 deadline looms

Ballot proposal 78 could reduce the surface area available for drilling in Colorado by 90%: COGCC report

While the economic impacts would not likely put the state into a recession, they would reduce the state’s GDP

EnerCom Conference Presenter Focus: Synergy Resources Corporation

EnerCom Conference Presenter Focus: Synergy Resources Corporation

Synergy Resources Corp. will present at EnerCom’s The Oil & Gas Conference® on Mon. Aug. 15, 2016

Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company operating in the Denver-Julesburg Basin of Northern …

The Piceance Now Thought to Be the Second-Largest Natural Gas Basin in the U.S.

The Piceance Now Thought to Be the Second-Largest Natural Gas Basin in the U.S.

USGS: Mancos Shale Right Up There with the Marcellus – 40-times more natural gas in the Piceance than previously thought

Western Colorado has 40-times more natural gas than previously thought, but increased drilling and completion activity in the state’s Piceance …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Colo. Initiative #78: Better than a 50/50 Shot of Reaching the Ballot

Oil & Gas killing amendment could very well be in the hands of voters in November: Wells Fargo

On a conference call hosted by Wells Fargo today regarding the possible battle over the future of fracing in Colorado, the crystal …

Colorado Governor John Hickenlooper

End of the Shale Boom in Colorado?

Remember this Number: #78

Hydraulic Fracturing Effectively Shuts Down in Colorado if Initiative #78 Passes: COGCC Report

Roughly 90% of Colorado – 60 Million Acres – would be Taken Out of Play by Proposed Mandatory Setback

As a record 38