Colorado

Civitas Looking to Create DJ Beast by Merging Crestone Peak with Bonanza, Extraction Tie-Up

Civitas Looking to Create DJ Beast by Merging Crestone Peak with Bonanza, Extraction Tie-Up

If all goes to plan, Civitas Resources Inc. could become a giant among giants in the Colorado oil and natural gas world as it looks to merge another Denver Julesburg (DJ) Basin producer into its operations. DJ pure-plays Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc. agreed to merge in early May. That…

June 7, 2021
Xcel Teams Up with Crestone Peak, Project Canary for Colorado RSG Pilot

Xcel Teams Up with Crestone Peak, Project Canary for Colorado RSG Pilot

Minneapolis-based utility Xcel Energy Inc. is continuing efforts to decarbonize its Colorado operations through a partnership with natural gas producer Crestone Peak Resources and methane emissions reduction specialist Project Canary. The trio on Wednesday announced a pilot project with Xcel purchasing natural gas from Crestone that has been certified as low-emission by Project Canary. The…

May 18, 2021
Colorado Energy Organizations Launch Pilot to ‘Responsibly’ Produce Natural Gas

Colorado Energy Organizations Launch Pilot to ‘Responsibly’ Produce Natural Gas

A Colorado natural gas producer, an infrastructure operator and a Colorado Springs municipal utility have launched the Project Canary responsibly sourced natural gas pilot to ensure natural gas production follows emissions standards. Colorado Springs Utilities has agreed to purchase responsibly sourced gas (RSG) produced by Bayswater Exploration & Production, a Colorado-based oil and natural gas…

March 16, 2021
SandRidge Looking for Deals as Midcontinent Activity Shrinks

SandRidge Looking for Deals as Midcontinent Activity Shrinks

SandRidge Energy Inc. carried out zero drilling activity on its assets in the Midcontinent and in Colorado last year, causing production to wither, according to its 2020 annual report. The company’s output fell by nearly 25% in 2020 to 8.7 million boe comprising 24% oil, 45% natural gas and 31% natural gas liquids (NGL). In…

March 8, 2021
Colorado Regulators Requiring Oil, Gas Operators to Install Zero-Emissions Pneumatic Controllers

Colorado Regulators Requiring Oil, Gas Operators to Install Zero-Emissions Pneumatic Controllers

Following three months of negotiations, the Colorado Air Quality Control Commission (AQCC) has unanimously voted to require oil and gas operators install zero-emission pneumatic controllers for new and existing operations.  Pneumatic controllers utilize pressurized natural gas to activate valves at oil and gas facilities to regulate temperature and pressure.  Traditional devices release methane and other…

February 24, 2021
Bonanza Creek Puts DUCs on Menu, Awaits Completion of HighPoint Merger

Bonanza Creek Puts DUCs on Menu, Awaits Completion of HighPoint Merger

Bonanza Creek Energy Inc. expects to know before the end of March whether shareholders approve of the proposed tie-up with HighPoint Resources Corp., which would merge two big Colorado operators. Bonanza in November agreed to merge with Denver-Julesburg (DJ) Basin rival HighPoint in a $376 million transaction, combining their Weld County acreage and production. “We’re…

February 1, 2021
Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority

Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority

Colorado’s energy industry has come out swinging against Boulder County’s attempt to impose more stringent oversight of oil and gas well operations. Operators working in unincorporated areas of Boulder County would be required to ensure well pad setbacks are at least 2,000 feet and generally 2,500 feet near homes, schools and licensed child care centers.…

December 17, 2020
Colorado’s Updated Oversight of Oil, Gas Development Called ‘Watershed Moment’

Colorado’s Updated Oversight of Oil, Gas Development Called ‘Watershed Moment’

The Colorado Oil and Gas Conservation Commission (COGCC) has completed hearings to address sweeping changes to its mission, from “fostering” to “regulating” the industry.   The changes, which among other things also address wildlife mitigation impacts, were required by the state Senate Bill (SB) 19-181 signed into law last year. Hearings began in August to address…

November 23, 2020
Colorado Oil and Gas Industry Calls for Impartiality, Flexibility in Governor’s Proposed GHG Reduction ‘Roadmap’

Colorado Oil and Gas Industry Calls for Impartiality, Flexibility in Governor’s Proposed GHG Reduction ‘Roadmap’

Colorado’s proposed Greenhouse Gas (GHG) Pollution Reduction Roadmap should be sector- and technology-impartial, incentive-driven and as flexible as possible, while considering the potential economic impacts on all stakeholders, according to the American Petroleum Institute Colorado (API CO). API CO executive director Lynn Granger authored the group’s Nov. 12 public comment on the draft plan, which…

November 18, 2020
Colorado Poised to Ban Routine Natural Gas Flaring, Venting

Colorado Poised to Ban Routine Natural Gas Flaring, Venting

Colorado regulators have given preliminary approval to a rule change that would make it the first Lower 48 state to prohibit routine venting and flaring of natural gas by upstream operators.* The Colorado Oil and Gas Conservation Commission (COGCC) last week voted 5-0 in favor of the Rule 903 changes, which are to go before…

November 10, 2020
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