Colorado

Poco Nabs Top Environmental Rating for DJ Wells

Poco Nabs Top Environmental Rating for DJ Wells

Private exploration and production (E&P) operator Poco Holdco LLC received Project Canary’s highest possible environmental assessment rating for most of its Denver-Julesburg (DJ) Basin operations in Colorado.  The E&P, a branch of private energy investment and management company Providence Energy Ltd., clinched Denver-based Project Canary’s “Platinum” certification for 22 operated horizontal wells at two wellsites. …

January 23, 2023
Colorado Regulators Taking Aim at Natural Gas Utility Emissions Through Rule Changes

Colorado Regulators Taking Aim at Natural Gas Utility Emissions Through Rule Changes

The Colorado Public Utilities Commission (CPUC) doused its rules regulating natural gas utilities in red ink, adding requirements to reduce greenhouse gas (GHG) emissions and striking “natural” from natural gas. In what the Colorado Energy Office called a “key step” in achieving the state’s GHG Pollution Reduction Roadmap, the CPUC earlier this month finalized rules…

December 19, 2022
PDC to Expand DJ Oil, Gas Development Following Approval by Colorado Regulators

PDC to Expand DJ Oil, Gas Development Following Approval by Colorado Regulators

Denver-based independent PDC Energy Inc. said state regulators have unanimously approved a drilling plan in Weld County to include about 450 oil and natural gas wells. PDC’s Guanella Comprehensive Area Plan (CAP) in the Denver-Julesburg (DJ) Basin was given the green light earlier this month by the Colorado Oil and Gas Conservation Commission (COGCC). The…

December 16, 2022
Colorado’s DJ Basin Leads Weekly Gains as U.S. Drilling Activity Rises

Colorado’s DJ Basin Leads Weekly Gains as U.S. Drilling Activity Rises

Bolstered by activity gains in the Denver Julesburg (DJ)-Niobrara Basin, the U.S. rig count rose two units to reach 771 for the week ended Friday (Oct. 21), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Net changes domestically included a two-rig increase in oil-directed drilling, with natural gas-directed drilling unchanged…

October 21, 2022
PDC Gains OK to Expand Colorado Oil, Natural Gas Drilling Program

PDC Gains OK to Expand Colorado Oil, Natural Gas Drilling Program

Denver-based independent PDC Energy Inc. has secured approval for its Kenosha Oil and Gas Development Plan (OGDP) in rural Weld County, CO. The OGDP entails 69 wells on three pads, management said. The approval by the Colorado Oil and Gas Commission “marks an important next step as PDC further increases its permitted inventory by another…

June 10, 2022
Black Hills Says Natural Gas in Mix, Aiming for 90% GHG Reduction by 2030

Black Hills Says Natural Gas in Mix, Aiming for 90% GHG Reduction by 2030

Black Hills Corp. is aiming to achieve a 90% reduction in greenhouse gas (GHG) emissions by 2030 based on 2005 levels as it aims to exceed Colorado’s requirements. Subsidiary Black Hills Energy submitted its 2030 Ready Plan to the Colorado Public Utilities Commission (PUC) at the end of May. The plan details how the company…

June 8, 2022
Colorado’s PDC Raising Capex, Production Forecasts Following Great Western Acquisition

Colorado’s PDC Raising Capex, Production Forecasts Following Great Western Acquisition

Denver-based independent PDC Energy Inc. has updated its 2022 production and spending guidance to the high side, citing year-to-date performance and the timing of closing its acquisition of Great Western Petroleum LLC. PDC snapped up Great Western, a privately held operator focused on Colorado’s Wattenberg field, in a $1.3 billion cash-and-stock deal announced in February.…

May 27, 2022
Civitas Builds Natural Gas, Oil Drilling Inventory in Colorado’s DJ

Civitas Builds Natural Gas, Oil Drilling Inventory in Colorado’s DJ

Denver-based Civitas Resources Inc., the largest producer in the Denver-Julesburg (DJ) Basin, has already secured most planned drilling permits for 2022, the management team said recently. “We’re over 90% permitted for the year,” Civitas’ COO Matt Owens told analysts during the earnings call to discuss first quarter results. Civitas last year completed its takeover of…

May 9, 2022
Four Rocky Mountain States Proposing Regional Hydrogen Hub

Four Rocky Mountain States Proposing Regional Hydrogen Hub

Colorado, New Mexico, Utah and Wyoming may develop a regional hydrogen hub using a portion of $8 billion in funds from the Department of Energy (DOE).  The states signed a memorandum of understanding (MOU) in February to potentially develop the Western Inter-State Hydrogen Hub (WISHH). The states also noted in the MOU they would apply…

March 8, 2022
PDC Energy to Acquire DJ-Focused Great Western for $1.3B

PDC Energy to Acquire DJ-Focused Great Western for $1.3B

PDC Energy Inc. said Monday it agreed to buy Denver-Julesburg (DJ) Basin operator Great Western Petroleum LLC in a $1.3 billion cash-and-stock deal that would “materially” boost its holdings in Colorado’s Wattenberg field. The Denver-based PDC said the deal, which includes $500 million in net debt, would be financed by issuing about four million shares…

February 28, 2022
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