Rockies

Bonanza Creek, Highpoint Lift DJ Basin Volumes, Rein in Capex Amid Price Pressures

Bonanza Creek, Highpoint Lift DJ Basin Volumes, Rein in Capex Amid Price Pressures

A pair of prominent oil and gas companies active in the Denver-Julesburg Basin (DJ) are keeping capital expenditures (capex) in check while posting modest upticks in sales volumes. Bonanza Creek Energy Inc. and Highpoint Resources Corp., both based in Denver, reported substantial second-quarter losses, however, dinged by lower sales prices in the wake of the…

August 11, 2020
Colorado Governor’s Call for Energy Industry Collaboration Praised by PDC

Colorado Governor’s Call for Energy Industry Collaboration Praised by PDC

Colorado’s natural gas and oil industry has faced pressure from all sides in recent years, reviled by landowners and litigated by environmental groups, but Gov. Jared Polis has shown he can compromise, PDC Energy Inc. executives said last week. CEO Bart Brookman discussed second quarter results in a wide ranging conference call that hit on…

August 10, 2020
Crestwood Plans for Future Without DAPL, Expects Shut-In Volumes to Fully Return in 4Q

Crestwood Plans for Future Without DAPL, Expects Shut-In Volumes to Fully Return in 4Q

Crestwood Equity Partners LP is taking a three-pronged approach to ensuring its Bakken Shale customers are able to move their crude oil volumes to market in the event that the Dakota Access Pipeline (DAPL) shuts down, either temporarily or permanently. On the second quarter earnings call held Tuesday, CEO Bob Phillips said the commercial and…

August 5, 2020
Colorado Oil, Natural Gas Regulator Raises Mill Levy to Balance Budget Amid Pandemic

Colorado Oil, Natural Gas Regulator Raises Mill Levy to Balance Budget Amid Pandemic

The Colorado Oil and Gas Conservation Commission (COGCC) has adopted a mill levy rate increase in order to balance its budget amid revenue shortfalls caused by the Covid-19 pandemic and subsequent downturn in commodity pricing. Mill levies, the regulator’s main source of revenue, are property taxes whose rates are expressed in mills, which are equal…

August 4, 2020
Finally Toppled by Debt, Chesapeake in Bankruptcy

Finally Toppled by Debt, Chesapeake in Bankruptcy

Chesapeake Energy Corp., once a symbol of the American natural gas industry’s revival and a disruptive leader that helped spark the nation’s unconventional boom, filed for Chapter 11 protection on Sunday to wipe out $7 billion of debt.  The move follows months of speculation and years of cost-cutting initiatives at the Oklahoma City-based independent, which…

June 29, 2020

Turn in Rockies Natural Gas Prices Strengthens Ultra Balance Sheet

Natural gas heavy Ultra Petroleum Corp. got a lift in the first quarter from resurgent prices in the Rockies, which helped boost revenues and deliver a profit as the company continues to focus on stabilizing operations in the Green River Basin.

May 13, 2019

Rockies Natural Gas Supply Said Ample for Export Market

Enough robust natural gas supply exists in the Piceance Basin of Colorado and the Uinta Basin of Utah to serve western markets and provide a surplus to export overseas, the Consumer Energy Alliance (CEA) said in a new report.

April 16, 2019

Tallgrass, Kinder Venture to Boost Rockies Oil Takeaway

Tallgrass Energy LP (TGE) and Kinder Morgan Inc. (KMI) on Tuesday agreed to boost crude oil takeaway capacity in the Power River and Denver-Julesburg basins, where increased interest in the plays has spurred a host of new infrastructure projects to relieve growing constraints in the region.

January 23, 2019
Changing Supply Dynamics Likely to Trap More Rockies NatGas, Say Experts

Changing Supply Dynamics Likely to Trap More Rockies NatGas, Say Experts

The steady supply growth that’s expected from the Appalachian Basin and Western Canada, along with rising associated output from oil-directed drilling on the Gulf Coast and Midcontinent, are poised to trap Rocky Mountain natural gas, according to speakers at a recent conference.

October 26, 2017
REX Looks to Reload With DJ Output in Competitive NatGas Landscape

REX Looks to Reload With DJ Output in Competitive NatGas Landscape

After seeing production declines in recent years, the Rockies region often goes overlooked in the North American natural gas supply landscape, overshadowed by the impressive growth in the Marcellus and Utica shales, and the promise of new associated gas output from oil-directed drilling on the Gulf Coast and Midcontinent.

October 16, 2017
‹ Previous 1 2 3 18