USGS: Piceance Basin Gas Estimates Swell By 3,920%
Despite new estimates of technically recoverable gas in the basin, energy groups and members of Congress say production is being thwarted by federal regulators.
Vital Signs: D-J Basin’s Heart Still Beating
A recent study revealed Colorado’s Weld County has the most economic fracklog in the U.S., implying that a major part of the growing DUC inventory is commercial at current oil prices.
Greater Rockies Activity Highlights: May 2016
Larry Prado, Hart Energy's activity editor, summarizes some of the recent activity in the Greater Rockies by companies including Chesapeake, SM Energy and SandRidge.
New Day: Bill Barrett Unwinds Uinta For Pure Play Niobrara
The sale continues Bill Barrett’s focus on the D-J Basin andadds incremental funds at a time when “cash is truly king,” analyst says.
Devon Energy Raises 2016 Oil Output Forecast By 3%
The Oklahoma City-based company produced 285,000 bbl/d in the quarter, with output from its core assets up 10% year-over-year, Devon said in an earnings release.
Ultra Petroleum Files For Bankruptcy
The Texas-based company, which has operations in Wyoming's Pinedale Field, Utah's Uinta Basin and Pennsylvania's Marcellus Shale, listed assets in the range of $1 billion to $10 billion, and liabilities of $1 billion to $10 billion, according to a court filing.
Marathon Oil’s Wyoming Divestiture Patches Company Budget Holes
Merit Energy agreed to purchase the company’s Wyoming assets for $870 million. Marathon’s holdings include the 570-mile Red Butte pipeline and waterflood developments in the Big Horn and Wind River basins.
WPX Completes $910 Million Sale Of Piceance Subsidiary
Proceeds from the sale should help ease concerns over the company’s leverage and motivate investors, according to the release.
Operator Spotlight: Laramie Energy's Robert Boswell (2016)
Robert Boswell, chairman and CEO of Laramie Energy II LLC.
Tallgrass Buys Out Partner’s Stake In Rockies Express Pipeline
As a part of the deal, Tallgrass will acquire Sempra’s share in the pipeline’s roughly $2.6 billion of debt, which equates to about $640 million.