Rockies

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
Appalachian Production Growth, East-to-West Shift Likely to Lead to NatGas Oversupply

Appalachian Production Growth, East-to-West Shift Likely to Lead to NatGas Oversupply

Natural gas infrastructure growth may be outpacing efforts to find more supply-demand balance through U.S. gas exports, according to a panel of experts at the recent LDC Gas Forum Rockies & West in Denver conference.

October 19, 2016
LDC Forum Speakers See NatGas Price Volatility Returning, Rockies Resurgence

LDC Forum Speakers See NatGas Price Volatility Returning, Rockies Resurgence

With an eye toward winter weather, natural gas price volatility is likely to return in 2017, given the prospect for potential capacity constraints and ever-larger exports to Mexico to support gas-fired generation, according to ConocoPhillips’ Jim Duncan, who directs commodity market research.

October 13, 2016
Low Storage, Limited Production And Demand Uptick Could Mean Higher NatGas Prices This Winter

Low Storage, Limited Production And Demand Uptick Could Mean Higher NatGas Prices This Winter

Although natural gas prices were not discussed when officials met last Friday to review California’s draft winter energy reliability plans, higher prices may be an issue this winter throughout the West as three factors converge, according to Raymond James. The firm sees $4-4.50/MMBtu prices coming out of the Rockies.

August 30, 2016