Colorado

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
Colorado Makes First Assessment of State’s Oil, Natural Gas Emissions

Colorado Makes First Assessment of State’s Oil, Natural Gas Emissions

The Colorado Oil and Gas Conservation Commission (COGCC) last month released its first annual report to evaluate the cumulative impacts of oil and natural gas emissions, setting the stage for future evaluations and recommendations.  State Senate Bill (SB) 181, enacted in 2019, is designed to limit the effects of emissions and environmental disruptions from oil…

January 24, 2022
Colorado Adopts Stricter Methane Rules for Oil, Natural Gas Industry

Colorado Adopts Stricter Methane Rules for Oil, Natural Gas Industry

Colorado regulators on Friday (Dec. 17) approved a set of rules designed to curb emissions of climate-warming methane and smog-causing volatile organic compounds (VOC) from oil and gas operations. The rules mandate “the capture or control of a significant portion” of methane emissions from oil and gas production sites, pipeline operations and midstream facilities; expanded…

December 22, 2021
Colorado Oil, Natural Gas Activity Rising, But Employment Still at 15-Year Low

Colorado Oil, Natural Gas Activity Rising, But Employment Still at 15-Year Low

Colorado’s overall employment should return to pre-pandemic levels for 2022, but the state’s natural gas and oil sector will likely lag behind other industries in regaining jobs, according to a new report from the University of Colorado Boulder (CU Boulder). “Improved prices are clearly what’s driving more drilling and increased production,” Richard Wobbekind, associate dean…

December 13, 2021
Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming’s two main oil and gas trade groups are seeking to expedite the resumption of oil and gas leases on federal property by the Department of the Interior (DOI). In a merits brief filed Aug. 30 in Wyoming District Court, the Western Energy Alliance and the Petroleum Association of Wyoming (PAW) allege that DOI is…

September 8, 2021
U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

U.S. Natural Gas Rig Count Up Two as GOM Activity Rises

The U.S. natural gas rig count rose two units to finish at 101 during the week ended Friday, a week that also saw a notable uptick in drilling activity in the Gulf of Mexico (GOM), according to updated data from oilfield services provider Baker Hughes Co. (BKR). Drilling gains in the United States for the…

July 9, 2021
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
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