Prices continued to advance at a solid majority of points Tuesday, but the gains were considerably less robust than Monday’s, suggesting that this week’s heat-inspired rally may be starting to lose steam. Mixed price movement remained in play as a few scattered points saw flat quotes or modest declines.
Colorado
Articles from Colorado
Pioneer Natural Resources Acquiring Raton Basin Acreage
Dallas-based Pioneer Natural Resources Co. has agreed to acquire an interest in approximately 30,000 net acres in the Raton Basin of southwestern Colorado for $205 million, before closing adjustments, from Petrogulf Corp., the company said Monday.
CO PUC Grants Xcel Rate Increase, Tweaks Decoupling Pilot
The Colorado Public Utilities Commission (PUC) approved a settlement increasing Xcel Energy’s annual natural gas base rate revenue by $32.2 million, but it also is requiring the company to absorb some revenue loss due to declining customer usage.
Williams Targeting Rockies Production with Northwest Lateral Project
Williams’ Northwest Pipeline system is conducting an open season for its Colorado Hub Connection project through May 31. Shippers can contract for long-term firm transportation service from the Greasewood and Meeker Hubs located in Rio Blanco County, CO, to various pipeline interconnects and Northwest’s existing system to access western markets.
Williams Targeting Rockies Production with Northwest Lateral Project
Williams’ Northwest Pipeline system is conducting an open season for its Colorado Hub Connection project through May 31. Shippers can contract for long-term firm transportation service from the Greasewood and Meeker Hubs located in Rio Blanco County, CO, to various pipeline interconnects and Northwest’s existing system to access western markets.
ExxonMobil Plan to Expand Gas Drilling in Piceance
ExxonMobil Corp. has been given permission to drill more natural gas wells in the Piceance Basin of northwestern Colorado. The new wells will be in an existing gas field under development since the 1950s.
BLM Approves ExxonMobil Plan to Expand Gas Drilling in Piceance
The Bureau of Land Management (BLM) approved a proposal by ExxonMobil Corp. to drill more natural gas wells in the Piceance Basin of northwestern Colorado. The new wells will be in an existing gas field under development since the 1950s.
Three States Clear Kinder Morgan Buyout
Kinder Morgan Inc. (KMI) said its $22 billion management-led buyout received approvals from regulators in Colorado, Nebraska and Wyoming, but the deal probably won’t be completed until August because of a procedural schedule recently released by the California Public Utilities Commission (CPUC), which also must approve the transaction.
BP to Invest $2.4B for CBM Exploration in San Juan Basin
BP plc on Tuesday announced plans to invest up to $2.4 billion through 2020 to recover an estimated 1.9 Tcf from coalbed methane (CBM) in the San Juan Basin of southwestern Colorado and northwestern New Mexico. The development program would grow BP’s current net San Juan production (425 MMcf/d net and 900 MMcf/d gross) by more than 20%, with output expected to exceed current production levels for at least 10 years.
PRB Energy Closes Denver-Julesburg Acquisition
Denver-based PRB Energy Inc. has closed on the previously announced acquisition of 13 wells, consisting of 12 gas wells and one water disposal well, and approximately 330,000 net acres in northeast Colorado and southwest Nebraska for $11.7 million cash (see Daily GPI, Dec. 13).