Rockies

Colorado’s biggest oil and gas producer appears on track to complete its dominance of the Denver-Julesburg (DJ) Basin before year’s end, the CEO of Bonanza Creek Energy Inc., soon to be Civitas Resources Inc., said earlier this month. CEO Eric Greager held court during a conference call to discuss the Denver-based independent’s second quarter results.…

Calgary-based Vermilion Energy Inc., which operates in eight countries on three continents, said it was lifted by sharp commodity price increases in the first six months of the year as the world began to recover from the Covid-19 pandemic. Vermilion operates in Canada as well as the Powder River Basin (PRB) of Wyoming. It also…

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

It’s already completed a big Lower 48 takeover this year, but Devon Energy Corp. isn’t ruling out making a bid on more oil and natural gas assets, the CEO said Wednesday. Over the last couple of weeks, rumors have swirled that Royal Dutch Shell plc may sell its Permian Basin portfolio, estimated to be worth…

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

A consortium of Canadian natural gas producers is teaming up with the Nisga’a Nation and Houston-based liquefied natural gas (LNG) developer Western LNG LLC on plans for another export project in British Columbia (BC).  The consortium known as Rockies LNG Partners, along with the other proponents, announced Monday the initial project description for the Ksi…

Amid a ramp-up in both oil- and natural gas-directed drilling, the United States added five rigs to raise its tally to 484 during the week ended Friday (July 16), according to the latest count from Baker Hughes Co. (BKR). Three natural gas-directed rigs and two oil-directed rigs were added domestically during the week. The U.S.…

Crestwood Equity Partners LP is on track to achieve its 2021 planned guidance and reduce debt after a strong operating quarter, particularly in the Bakken Shale, where higher commodity prices led to double-digit volume growth year/year. The Houston-based midstreamer also closed on one of several strategic transactions aimed at simplifying the corporate structure. The deals…

California-based oil and gas explorer Foothills Exploration Inc. is forming New Energy Ventures LLC to participate in the transitioning energy sector.  The main focus of the new subsidiary is on alternative power generation and oilfield applications. According to Foothills, New Energy Ventures plans to partner with management teams to develop sustainable and low-carbon technologies. The…