Post Tagged with: "DJ Basin"

Source: PDC Energy

PDC Energy to Acquire SRC Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

PDC Energy to acquire SRC Energy in all-stock transaction valued at approximately $1.7 billion
PDC Energy Inc. (stock ticker: PDCE), an independent E&P based out of Denver, has entered into a

Source: Occidental Petroleum

Oxy Lowers Production Guidance on Legacy Anadarko Assets

From The Houston Chronicle


With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets.

For the rest of this year, Oxy said …

Whiting Petroleum Names New CFO

Whiting Petroleum Names New CFO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Michael J. Stevens steps down as CFO, Correne S. Loeffler selected as replacement
Whiting Petroleum Corporation (stock ticker: WLL), a Denver-based independent E&P with an oil-focused asset base, has named Correne

Source: Plains All American Pipeline, L.P.

Anticipating More Wyoming Crude: Saddlehorn Pipeline Capacity to Expand by 50%

By Tyler Losier, Energy Reporter, Oil & Gas 360

New Ft. Laramie origin point announced, open season launched
Saddlehorn Pipeline Company, owned in part and operated by Magellan Midstream (stock ticker: MMP), is planning to expand its Saddlehorn pipeline to

Source: Cureton Midstream

Cureton Midstream Forms Commercial Agreement with Six DJ Basin Producers

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Increased Gas Processing Capabilities in Weld County
Cureton Midstream, LLC, a Denver-based company founded in 2016, signed a commercial agreement this Tuesday with six unnamed E&P’s in the DJ Basin.

One of Wyoming’s Largest Oil Companies Just Sold: Now What?

One of Wyoming’s Largest Oil Companies Just Sold: Now What?

From the Casper Star-Tribune

With a $33 billion cash and stock deal, Chevron’s planned acquisition of Anadarko Petroleum will create a new super major oil firm, with uncertain impacts in Wyoming, where Anadarko represents one of the largest players in …

Bonanza Creek Lands CFO

Bonanza Creek Lands CFO

DJ Basin producer Bonanza Creek Energy, Inc. (stock ticker: BCEI) has hired Brant H. DeMuth as its CFO, effective Nov. 14, 2018. To join Bonanza Creek, DeMuth exits his post as VP of Finance and Treasurer at Denver-based SRC Energy

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

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

Big Win for Noble Energy: Colorado Greenlights 770-Well Comprehensive Drilling Plan for 64,000 Acres in Weld County

Big Win for Noble Energy: Colorado Greenlights 770-Well Comprehensive Drilling Plan for 64,000 Acres in Weld County

From the Denver Business Journal

Colorado regulators Monday approved an unprecedented Noble Energy Inc. plan to drill hundreds of oil and gas wells on 100 square miles of Weld County.

The plan calls for drilling as many as 772 horizontal …

October 30, 2018 - 1:47 pm Closing Bell Story‎, Energy News, Popular 3
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

Photo by Mike Goldwater"

DCP Ups DJ Processing Capacity with Mewbourn Opening

DCP Midstream, LP (NYSE: DCP) announced that Mewbourn 3, a new 200 million cubic feet per day (MMcf/d) natural gas processing plant is now in service ahead of all announced timelines. Mewbourn 3 is DCP’s tenth plant in the DJ …

August 1, 2018 - 6:37 pm Closing Bell Story‎, Energy News, Natural Gas News
Anadarko Q2 DJ Production Averaged 261 MBOEPD

Anadarko Q2 DJ Production Averaged 261 MBOEPD

Delaware Basin jumps 88% to 62 MBOEPD

Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.

Highlights

Williams: Out of Four Corners and into the DJ

Williams: Out of Four Corners and into the DJ

Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado.

Into the DJ

Williams and KKR & Co. (NYSE: …

SemGroup and DCP Midstream Extend Open Season

SemGroup and DCP Midstream Extend Open Season

SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas.…

June 26, 2018 - 12:57 pm Closing Bell Story‎, Midstream, Natural Gas News
Courtesy of HighPoint Resources

HighPoint Resources Drops Completion Time to 4.2 Days per Well; Wants to Bring Second Rig to Hereford

HighPoint Resources Corporation (ticker: HPR) reported a net income loss of $24.9 million, or $(0.20) per share for the first quarter of 2018. HighPoint produced 1.91 MMBoe in the quarter, which was at the midpoint of its guidance range of …

Courtesy of Encana

Encana Sees 30% Growth within Cash Flow

Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017.

Encana’s …

More Takeaway for the DJ Basin

More Takeaway for the DJ Basin

Outrigger Energy II Enters the DJ Basin with Comprehensive Midstream System

April 12, 2018 - 5:00 am Closing Bell Story‎, Midstream, Press Releases
PetroShale Ups Production to 5,300 BOEPD, Adds Acreage

PetroShale Ups Production to 5,300 BOEPD, Adds Acreage

PetroShale Announces Significant Production Increase and Core Area Property Acquisition

OLYMPUS DIGITAL CAMERA

PetroShare Preps for April Frac at Shook Pad

DJ Basin focused PetroShare Corp. (ticker: PRHR) reported yearend proved reserves of approximately 7.9 MMBOE, a 25% increase over 2016 yearend proved reserves. The PV-10 value was about $59 million and the volume of the proved reserves is split 67% …

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 …

Bill Barrett: Conference Call Reveals Fifth Creek Merger Details

Bill Barrett: Conference Call Reveals Fifth Creek Merger Details

Colorado-based Bill Barrett Corporation (ticker: BBG) reported Q4 and year-end results today.

For the fourth quarter of 2017, the company reported a net loss of $77.8 million, or $(0.94) per diluted share. For 2017 as a whole, the company reported …

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an …

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 …

Bill Barrett Q2: Producing More, Spending Less

Bill Barrett Q2: Producing More, Spending Less

BBG adds second rig in the DJ – company likely to exit Utah, put the capital into the DJ: Crawford

Bill Barrett Corporation (ticker: BBG) reported production at the high end of its initial Q2 guidance—with cumulative volumes of 1.53 …

Anadarko Q2: Permian Growing, GOM Production will Maintain through 2019

Anadarko Q2: Permian Growing, GOM Production will Maintain through 2019

With its second quarter reporting, Anadarko Petroleum Corp. (ticker: APC) reported an average production of 631,000 BOEPD and said it reduced its investments by $300 million for the year. In its Delaware basin assets, Anadarko’s oil production averaged 33,000 BOPD—a …

Bill Barrett Corporation: Lower Debt, Longer Laterals

Bill Barrett Corporation: Lower Debt, Longer Laterals

Bill Barrett Corporation (ticker: BBG) has built a core position in the Northeast Wattenberg field in Colorado’s Denver-Julesberg (DJ) Basin, where it holds 71,900 net acres. The company also has producing acreage within the Uinta Basin in Utah, numbering approximately …

Nighthawk Energy Updates Operations and Year-end Reserves

Nighthawk Energy Updates Operations and Year-end Reserves

DJ basin operator Nighthawk Energy (ticker: HAWK) updated its operations, year-end reserves and cash position on Wednesday.

Year-end Reserves

Nighthawk has finalized its year-end reserve report and has received the audited Proved Developed Producing reserve report from the Company’s independent …

Noble Energy Announces 63% Year-over-Year Increase in Capital Budget

Noble Energy Announces 63% Year-over-Year Increase in Capital Budget

Noble Energy announces $2.3-$2.6 billion budget with a focus on liquids in the DJ, Delaware and Eagle Ford

Houston-based Noble Energy (ticker: NBL) announced the company’s capital guidance for the year, stating that the company plans to increase its spending …

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

Synergy Resources Divests 10,000 DJ Acres for $71 Million

Synergy will pursue further A&D opportunities in the DJ

Synergy Resources Corporation (ticker: SYRG) announced it has entered into a purchase-sale agreement with a private party to divest 10,000 net undeveloped acres and approximately 700 BOEPD of associated production for …