Rockies ///
David Blackmon, Contributing Editor
Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.
Foothills Exploration, Inc., an independent oil and gas exploration company engaged in acquiring and developing oil and natural gas properties in the Rockies today provided an update on its proposed acquisition of 7,000 acres and 87 oil and gas wells in Montana.
A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.
Wood is providing construction and project management services to Discovery DJ Services across a multi-phase installation of an oil and gas gathering system, and natural gas and liquid processing facility in the Niobrara shale region (DJ Basin) of Colorado.
Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, reported today the successful drilling, completion and flow testing of the Stagecoach 111-20H horizontal well, now producing natural gas in commercial quantities.
Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.
The fracing frenzy in Colorado is spurring a tense faceoff between shale drillers in the region and residents seeking a better handle on the dangers in their own backyards after a killer pipeline explosion last year.
Noble Energy, Inc. has announced that it has signed a definitive agreement with SRC Energy Inc. to divest approximately 30,200 net acres from the company's non-core DJ basin position in Weld County, Colo. .
Gardner Denver Petroleum & Industrial Pumps (P&IP), the only total solutions provider to the drilling, well servicing and frac pumps market, has announced a significant sale of PXL2000HP drilling pumps to an industry-leading contract driller located in the Rocky Mountain region.
Colorado Petroleum Council (CPC) today released a statement in response to Gov. Hickenlooper’s proposals on industry safety.
Alex Endress, Craig Fleming, Kurt Abraham, World Oil
Drilling activity is noticeably higher, as American drillers climb out from historically low levels.
Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, today announced that it has entered into a purchase and sale agreement with an undisclosed seller.
CL Energy Opportunity Fund, a fund managed by Crestline Investors, has announced the acquisition of the non-operating working interests in the DJ basin of Colorado from Double Eagle Energy Rockies LLC, an affiliate of Double Eagle Energy Holdings II LLC, a Fort Worth-based E&P company.
Extraction Oil & Gas, an E&P company with primary assets in Wattenberg field in the Denver-Julesburg basin of Colorado, has closed two separate transactions to acquire approximately 16,800 net acres in the DJ basin for an aggregate cash consideration of $177 million.
Oil and natural gas explorers from Anadarko Petroleum Corp. to Synergy Resources Corp. have escaped a vote in Colorado that would’ve limited drilling and threatened to halt about $10 billion worth of oil and natural gas production a year.
John C. Tobin, Natural Resources Education Program
Well, good luck with that
Bill Barrett Corporation will resume its extended reach lateral (XRL) development program in the Denver-Julesburg (DJ) basin during the third quarter of 2016, the company said Monday.
Memorial Production Partners (MEMP) has closed a transaction to sell certain assets in the Permian basin for a cash consideration of approximately $37.4 million.
PDC Energy has entered into definitive agreements with Noble Energy and certain affiliates to consolidate certain acreage positions in the Wattenberg area of northern Colorado.
Encana’s wholly owned subsidiary, Encana Oil & Gas (USA), has reached an agreement to sell its Denver Julesburg (DJ) basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group.