Denver

Ovintiv Uses Canadian Natural Gas to Cash In on West Coast Prices and Grows in Permian

Ovintiv Uses Canadian Natural Gas to Cash In on West Coast Prices and Grows in Permian

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…

May 15, 2023
Appalachian Producer, Midstreamer Receive Project Canary Certification

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…

April 3, 2023
Ovintiv Builds Permian West Texas Options, Dumps Bakken in Twin Deal with EnCap

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…

April 3, 2023

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.

January 14, 2020

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.

March 20, 2018

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.”

December 14, 2016

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.

November 29, 2016

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.

October 1, 2015

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.

September 16, 2013
Go Beyond What’s Required, Urges Top Colorado Energy Regulator

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.

August 8, 2013
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