Colorado

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…

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…

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…

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…

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…

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…

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…

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…

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…