DJ Basin – Page 4 – Oil & Gas 360

Nighthawk Energy Updates Operations and Year-end Reserves

February 15, 2017

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 reserve engineering firm, Ryder Scott Company LP under SPE standards. The reserves were estimated using current production, anticipated decline curves,

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

February 13, 2017

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 by $950 million (63%) from its 2016 capital budget. The company said it will spend between $2.3 and $2.6 billion

Colorado: Weld County Just Created its Own Oil & Gas Department Oil & Gas 360

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

January 13, 2017

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 $71 million. The divested acres are outside of its core Wattenberg development area in Colorado’s DJ Basin. The transaction is expected to close in

Anadarko Sees Oil Production Growth with Freeport-McMoRan Deepwater Assets

December 16, 2016

Anadarko closes $2 billion Freeport-McMoRan Gulf of Mexico asset acquisition, ramps up Permian activity, announces GOM oil discoveries Houston-based Anadarko Petroleum Corp. (ticker: APC) announced Thursday that the company has closed on its acquisition of Freeport-McMoRan’s (ticker: FCX) Gulf of Mexico (GOM) assets. The company announced in September that it would pay $2 billion for FCX’s offshore assets, a move

How Bill Barret’s DJ Margins are 35% Better than Peers

December 16, 2016

Bill Barret is pursuing a number of avenues to achieve its peer-leading margins, the company told Oil & Gas 360® this week Northeast of Denver lies the Denver-Julesburg Basin, a hydrocarbon-rich formation that extends into southeast Wyoming, western Nebraska and Kansas. Since its discovery in 1901, the DJ as it’s commonly referred to, has been an important producing area for

EnerCom Conference Presenter Focus: Bill Barrett Corporation

July 19, 2016

Bill Barrett Corporation (ticker: BBG) is a Denver based exploration and production company that operates primarily in the Uinta Basin in Utah and the Denver-Julesburg basin in Colorado. Bill Barrett currently operates 182,500 acres in the two basins after streamlining their acreage over the past year. In 2014, the company executed an acreage exchange and sale that added 7,856 net

Colorado Oil Patch: Trouble is Brewing

December 23, 2015

New Anti-Energy Development Initiatives Registered with Secretary of State Eleven initiatives aimed at Colorado’s oil and gas development were issued on December 22, 2015, marking the start of a new chapter in the Centennial state’s ongoing tug of war between the energy industry and neighboring communities. Eight of the proposed initiatives targeted setbacks for operations, but two of the measures are

Encana DJ Basin Sale Expected to Close 2Q 2016

December 22, 2015

CALGARY, AB–(Marketwired – December 21, 2015) – (TSX: ECA) (NYSE: ECA) Encana Corporation announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone Peak Resources, 95 percent owned by Canada Pension Plan Investment Board and five percent by The Broe Group, to close in the second

anadarko-600w Chevron, Anadarko Megadeal Portends Billions in Asset Divestment - Oil & Gas 360

Anadarko Petroleum Increases Q4’15 Oil Sales Guidance by 5%

December 17, 2015

Receives Near-term Debt Relief by Extending Credit Maturities Anadarko Petroleum (ticker: APC) provided a fourth quarter update prior to the opening of the market on December 17, 2015, highlighting news from its drilling program and adjustments to its credit facilities. The Woodlands-based company announced the renewal of its $2 billion, 364-day credit facility to a new maturity in January 2017,

Nighthawk Targets Waterfloods in the DJ

October 23, 2015

Nighthawk provides an update on its drilling program in the DJ Basin Nighthawk Energy (ticker: HAWK.L) released an operational update on its drilling program in the Denver-Julesburg (DJ) Basin. According to the press release from Nighthawk, the company is currently in the process of filing for approval of its planned Arikaree Water Flood Project with the Colorado Oil and Gas

Noble Energy Announces IPO for Midstream Assets

October 22, 2015

Noble plans to form an MLP out of its midstream assets in the DJ Basin Houston-based Noble Energy (ticker: NBL) announced today that its wholly owned subsidiary Noble Midstream Partners has filed with the U.S. Securities and Exchange Commission (SEC) to perform an initial public offering of common units for a master limited partnership formed from the company’s DJ Basin

Nighthawk Energy Restarts Drilling Program with Margin Improvements in Tow

September 30, 2015

The drilling program of Nighthawk Energy plc (ticker: HAWK.L) is up and running again, and new arrangements in its marketing firm agreements are expected to provide increased upside in the second half of 2015. The plan to drill the first of six gross wells (three net) commenced on schedule in September, as part of its joint development agreement with Cascade

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