Ovintiv Inc. balanced its focus between its Permian Basin program and maximizing earnings from its Montney Shale assets during 1Q2023, exceeding production expectations and increasing revenue despite falling U.S. natural gas prices during the quarter. The Denver-based company made good on its word from the previous quarter about its goal to make Permian growth in…
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Appalachian Producer, Midstreamer Receive Project Canary Certification
Olympus Energy LLC, which also has a midstream arm, has become the first integrated natural gas producer to independently certify its natural gas, according to management. The Pennsylvania-based exploration and production company focuses on upstream and midstream natural gas resources in the Appalachian Basin. Subsidiary Hyperion Midstream also gained verification for its gas emissions, both…
Ovintiv Builds Permian West Texas Options, Dumps Bakken in Twin Deal with EnCap
Ovintiv Inc. signaled last month that the focus this year would be Permian Basin oil, and on Monday, the Denver independent advanced those ambitions by striking a nearly $4.3 billion cash-and stock deal to build West Texas inventory. “Substantially all leasehold interest and related assets” were acquired from companies managed by private equity (PE) giant…
Encana Shareholders Overwhelmingly OK Moving to Denver, Rebranding as Ovintiv
Calgary stalwart Encana Corp. will be making Denver its new home after winning investor approval to relocate and to change its brand to Ovintiv.
Denver Airport’s Oil, Gas Ownership Questioned in Audit
A recent audit is questioning the economic value of the Denver International Airport (DEN) portfolio of 71 oil and natural gas wells, prompting officials to consider plugging and abandoning some of the currently uneconomic ones.
BP to Oversee Lower 48 Operations From Denver, in Nod to Legacy Operations
BP plc is expanding its U.S. presence, establishing its Lower 48 headquarters in Denver to be near substantial assets in the Rocky Mountains, which are expected to return as an “important energy hub of the future.”
Colorado Expects to Meet 2008 Federal Ozone Standard, But Goal is Moving
The Denver metropolitan area is expected to meet the 2008 federal ozone standard of 75 parts per billion (ppb), officials at the Regional Air Quality Council (RAQC) said recently, but it may turn out to be too little too late, since the Obama administration has already raised the standard.
Warren Resources Closing NYC Headquarters For Move to Denver
Warren Resources Inc. is moving its corporate headquarters from New York City to Denver in a shift aimed at cutting costs amid the commodities downturn and bringing more efficiency to its administrative operations.
Colorado Floods Wreak Havoc with Gas Service
Xcel Energy on Friday was hoping a week of heavy rains would subside and allow its utility crews to restore service in various areas west and north of metropolitan Denver on Colorado’s Front Range where there was a lot of flooding, inaccessible areas and exposed distribution pipelines.
Go Beyond What’s Required, Urges Top Colorado Energy Regulator
Colorado’s top oil and natural gas regulator told executives in Denver Tuesday that adopting a culture in the onshore that goes above and beyond what’s legally required will do more than anything to achieve community acceptance.