Oil

Boulder’s Board of County Commissioners (BOCC) has extended the existing moratorium on accepting and processing new oil and gas development applications and on seismic testing to July 31.

As the market prepares to exit a decidedly underwhelming winter, Goldman Sachs Commodities Research analysts are slashing their 2020 natural gas price forecast from $2.50/MMBtu to $2.20.

With the Barnett Shale sale completed, Devon Energy Corp. has transformed into a Lower 48 oil-rich powerhouse, with the Permian Basin set to drive performance this year, CEO Dave Hager said Wednesday.

Chesapeake Energy Corp. said Wednesday it is making progress on debt reduction measures nearly three months after warning that low commodity prices could push the company into bankruptcy.

The Texas upstream oil and natural gas economy achieved its cyclical peak last February and then contracted for 10 straight months, according to the statistics issued Tuesday by the Texas Alliance of Energy Producers (TAEP).

Chesapeake Energy Corp. said Wednesday it is making progress on debt reduction measures nearly three months after warning that low commodity prices could push the company into bankruptcy.

The Texas upstream oil and natural gas economy achieved its cyclical peak last February and then contracted for 10 straight months, according to the statistics issued Tuesday by the Texas Alliance of Energy Producers (TAEP).

Capital discipline appeared to creep into the U.S. drilling permit count at the end of 2019, with slumping activity during December seen across the Lower 48, according to data compiled by Evercore ISI.

Six would-be ballot measures aimed at restricting oil and natural gas development were submitted to the Colorado Secretary of State on Tuesday by an anti-drilling group that sponsored a failed measure in 2018.