E&P

Two areas of the rich natural resources along Colorado’s western slope now have master leasing plans (MLP) developed by the U.S. Bureau of Land Management (BLM) . The MLPs cover more than 3 million acres of federal mineral estate, including natural resources, cultural property and special area protection.

The amount of wastewater generated from unconventional oil and natural gas drilling in Pennsylvania has remained flat since 2011 as production has outpaced the drilling of new wells, according to an updated study by the Ben Franklin Shale Gas Innovation & Commercialization Center (SGICC).

Encana Corp. is selling its once-heralded Haynesville Shale natural gas portfolio, where it today has about 300 wells across 112,000 net acres, for $850 million to strengthen its ailing balance sheet.

Denver’s Evolution Midstream LLC, launched in July to provide integrated solutions across the onshore, has secured $300 million from a Texas private equity firm and management.

While showing a delayed response to the commodity price nosedive, Colorado oil and natural gas production will experience sizable declines this year before stabilizing in 2016, according to a report released by the Leeds School of Business at the University of Colorado (UC). Based on the Moody’s Analytics forecast for WTI crude prices, the report assumes a price “rebound” next year.

Waiting for oil and natural gas prices to strengthen isn’t the way to play the downturn, two top U.S. energy executives said Tuesday at the 27th Annual Rocky Mountain Energy Summit.

Following last year’s rush to test the boundaries of the Utica Shale outside Ohio, some producers are reevaluating their prospects in the Appalachian Basin to determine how best to spend capital after consistent success from the formation in West Virginia and Southwest Pennsylvania.

U.S. oilfield activity over the next year is going to be ugly, but a robust recovery should be underway in 2017, led by the Permian Basin, Eagle Ford and Bakken shales, Raymond James & Associates Inc. said Monday.

The Public Service Commission (PSC) of West Virginia expects the state’s consumers to pay less this winter for natural gas after reviewing purchased natural gas cost adjustment requests from leading utilities.