Western Gas Partners LP is expanding its business in the Marcellus Shale after agreeing to pay $620 million-plus for stakes in two natural gas liquids (NGL) gathering systems in Pennsylvania that have combined throughput of more than 1.2 Bcf/d.
Articles from Denver
A U.S. District Court in Denver ruled Wednesday that the Bureau of Land Management’s (BLM) practice of keeping secret from the public the identity of entities nominating public lands for oil and natural gas development is unlawful.
The Colorado Oil and Gas Conservation Commission (COGCC) reconvened Thursday in Denver, but was unable to resolve lingering issues and delayed until Feb. 11 finalizing new setback requirements for oil and natural gas wells.
The Colorado Oil and Gas Conservation Commission (COGCC) ended three days of hearings in Denver Wednesday as it drew closer to finalizing new setback requirements for oil and natural gas wells, but it still fell short of finishing the unpopular and complex task.
Continental Resources Inc. has launched a growth plan to triple production and proved reserves between now and the end of 2017, largely from its leading Bakken Shale position, but also with gains from other onshore holdings, including a discovery in the southwest corner of Oklahoma.
Denver-based exploration and production (E&P) independent Venoco Inc. drew attention in a recent financial commentary citing the renewed oil/gas production in formerly depleted fields in and around Los Angeles as proof that E&P activity can coexist in heavily populated urban areas (see Daily GPI, July 8).
Denver-based Forest Oil Corp. made interim CEO Patrick R. McDonald the company’s permanent chief, prompting speculation by one analyst that “all strategic options remain on the table for the company.” McDonald had served as interim chief since June 21 while the company’s board conducted a search for a replacement for former CEO H. Craig Clark. Clark left the company abruptly, sparking speculation that it was because of a failure to strike a joint venture in the Eagle Ford Shale. Wells Fargo Securities analyst David Tameron said the appointment of McDonald was a positive for the company and could signal more news to come. “We believe the announcement may allow Street speculation surrounding the potential takeout of the company to continue, as a new CEO would have likely entered with a multiyear restructuring road map. From our take, all strategic options remain on the table,” Tameron said in a note.