Tag: Fracking
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‘Puffery’ or illegal? State Supreme Court evaluates statements made by Denver energy corporation
When Jagged Peak Energy Inc. began publicly selling shares of its stock in 2017, it allegedly misrepresented key aspects of its extraction operation to investors and overstated its ability to produce oil and gas. Now, the Colorado Supreme Court will decide whether the 8,000-person Oklahoma Police Pension and Retirement System may sue Denver-based Jagged Peak…
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Denver-based Bayswater increases oil and gas holdings in Weld County
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Denver-based oil and gas company Bayswater Exploration & Production inked a deal to secure more acreage and drills in the Denver Julesburg Basin in Weld County, according to a news release. The “asset purchase agreement” with Nickel Road Operating LLC includes 2,752 net leasehold acres, 161 net mineral acres and 17 producing wells. All are…
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Polis signs new law mandating disclosure of fracking chemicals
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Gov. Jared Polis Thursday signed legislation that requires manufacturers and users of hydraulic fracking chemicals to disclose to the state each chemical in their products. The new law mandates that the list of ingredients be made available on a publicly accessible website, which the Colorado…
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Commission levies $2 million-plus fine against K.P. Kauffman oil company
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver-based oil company K.P. Kauffman Company must pay $2.01 million in fines to the state of Colorado after its Oil and Gas Conservation Commission ruled the company engaged in a “pattern of violation” concerning spills, leaks and well site cleanups in Weld County. The commission…
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Denver-based oil and gas company to lay off 159
Denver-based Crestone Peak Resources plans to lay off 159 workers in Denver, Weld, Douglas and Arapahoe counties, according to documents filed with the Colorado Department of Labor and Employment. The department requires companies operating in Colorado to report large layoffs. In a “warn listing” filed last week, Crestone announced the 56 eliminated positions in Denver,…
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New Colorado oil and gas company continues expansion
Newly formed Colorado oil and gas company Civitas Resources Inc. continues growing with its announcement Monday it just acquired another company. Civitas has become one of, if not the, biggest player in the state’s Denver-Julesberg (DJ) Basin, especially after its Monday announcement that it is buying Crestone Peak Resources. Just last month, the company was…
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Merger creates new Colorado oil and gas company
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Two Colorado oil and gas companies Monday announced a merger that will create one of the biggest players in the state’s Denver-Julesberg (DJ) Basin. Bonanza Creek Energy Inc. (NYSE: BCEI) and Extraction Oil & Gas Inc. (NASDAQ: XOG) will create new company Civitas Resources Inc.…
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Larimer County commissioners extend moratorium on new oil and gas permits
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Larimer County commissioners Tuesday extended the moratorium on new oil and gas operations permits through most of 2021. The three commissioners voted unanimously to extend the moratorium on new permits through Sept. 15. They also voted unanimously to extend the temporary ban on new “1041…
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Colorado Oil & Gas Commission examining industry’s financial obligations to orphan wells
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save Colorado’s Oil & Gas Commission this week started the process for changing the rules regarding the financial obligations drilling companies must comply with to clean up “orphan wells.” An orphaned well is one that is no longer operating for whatever reason, and that must be…
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Boulder County passes strictest fracking regulations in the state
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Boulder County Board of Commissioners unanimously voted Thursday to pass strengthened rules and regulations for oil and gas development, including increasing setbacks for fracking sites. From now on, oil and gas well pads in the county will generally have to be at least 2,500…