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
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 Basin, increasing the company’s processing capacity in the region to over 1 billion cubic feet per day (Bcf/d). “We are
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 Increased U.S. onshore oil volumes by 47% YOY Improved per-barrel margins by nearly 50% YOY Expanded West Texas infrastructure with
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: KKR) have entered into an agreement to jointly purchase Discovery DJ Services from TPG Growth for $1.173 billion. Discovery is
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. The transportation capacity is available via a soon-to-be converted portion of White Cliffs Pipeline and Southern Hills Pipeline, connecting Weld
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 1.8-2.0 MMBoe. Wattenberg For Q1 2018, the NE Wattenberg produced 20,845 BOEPD (59% oil), representing 47% growth over the first
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 first quarter production totaled 324,400 BOEPD, of which the company’s core assets contributed 307,500 BOEPD. Total liquids production grew by
Outrigger Energy II Enters the DJ Basin with Comprehensive Midstream System
PetroShale Announces Significant Production Increase and Core Area Property Acquisition
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% for oil/condensate and NGLs, and 33% for natural gas. President Frederick J. Witsell commented, “Our growth in proved reserves is
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 conjunction with the merger’s closing, the oil and gas industry can flip the switch from an iconic name with a long history in
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 a net loss of $138.2 million, or $(1.80) per diluted share. BBG entered 2018 with $314 million of cash and
