Rockies

Foothills Exploration Views Natural Gas as ‘Integral,’ but Energy Transition Projects Also Key

Foothills Exploration Views Natural Gas as ‘Integral,’ but Energy Transition Projects Also Key

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…

April 8, 2021
Natural Gas Rigs Down One in U.S. as Oil Count Surges by Double Digits

Natural Gas Rigs Down One in U.S. as Oil Count Surges by Double Digits

The U.S. natural gas rig count eased one unit lower to 91 for the holiday-shortened week ended Thursday (April 1), while a spring surge in the oil patch sent the overall domestic tally higher by double digits, according to data published by Baker Hughes Co. (BKR). Thirteen oil-directed rigs were added in the United States,…

April 1, 2021
Chevron’s Integration with Noble Midstream Looks to Expand Activity in Colorado’s DJ

Chevron’s Integration with Noble Midstream Looks to Expand Activity in Colorado’s DJ

Colorado’s Denver-Julesburg (DJ) Basin is expected to take the bulk of midstream activity in 2021 by a new affiliate created between Noble Midstream Partners LP and Chevron Corp. Houston-based Noble Midstream said Tuesday it had successfully integrated into a new Chevron affiliate. The integration followed Chevron’s completed merger in October with Noble Energy Inc.  “Noble…

December 8, 2020
Colorado’s Ambitious GHG Reduction ‘Roadmap’ Targeting Energy, Transport Sector Emissions

Colorado’s Ambitious GHG Reduction ‘Roadmap’ Targeting Energy, Transport Sector Emissions

Colorado is proposing a Greenhouse Gas (GHG) Pollution Reduction Roadmap for the next decade, with fossil fuel use by cars and methane emissions from oil and gas operations squarely in the crosshairs. The draft plan issued Wednesday targets a 26% reduction in total GHG pollution from 2005 levels by 2025, and a 50% reduction by…

October 1, 2020
Ultra Emerges as a Private Wyoming Natural Gas Explorer with New Brand

Ultra Emerges as a Private Wyoming Natural Gas Explorer with New Brand

Long-time Lower 48 natural gas producer Ultra Petroleum Corp. has emerged from Chapter 11 with a new name and as a private operator, still focused on Wyoming prospects. The Englewood, CO-based producer in May filed for Chapter 11 protection for the second time in four years to eliminate debt exacerbated by low prices and stinging…

September 17, 2020
Oxy Takes $1.3B for Western Properties, Propels Permian Carbon Capture Project Forward

Oxy Takes $1.3B for Western Properties, Propels Permian Carbon Capture Project Forward

Occidental Petroleum Corp. on Wednesday padded its bottom line with a big deal to sell a bundle of western properties, while boosting another venture to develop a massive carbon capture facility in its No. 1 Lower 48 play, the Permian Basin. The Houston-based independent, better known as Oxy, agreed to sell some Colorado, Utah and…

August 20, 2020
Citing Threats to Grouse and Climate, Enviros Sue BLM to Scrap Colorado Drilling Plan

Citing Threats to Grouse and Climate, Enviros Sue BLM to Scrap Colorado Drilling Plan

A coalition of environmental groups has filed a lawsuit to jettison a federal plan that would allow oil and gas drilling on public lands in southwestern Colorado. The six western U.S. groups filed the lawsuit against the Department of Interior’s Bureau of Land Management (BLM) in U.S. District Court in Denver. The plaintiffs claim that…

August 20, 2020
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
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