Tag: Natural Gas
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A conversation with the American Petroleum Institute on Colorado’s energy future
Colorado is facing the loss of more than 350,000 jobs and a cumulative $7.1 trillion in economic activity by 2030 if the federal government resumes its ban on hydraulic fracturing for oil and gas production, according to a new economic analysis from the American Petroleum Institute. President Joe Biden banned new oil and gas leasing…
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Polis slams ruling that recommends Xcel can hike residential gas bills by at least 11%
Gov. Jared Polis on Friday slammed an administrative ruling that favors Xcel Energy’s request to recover $509 million from Colorado ratepayers for the costs incurred during a winter spell in February last year that wreaked havoc throughout the Midwest, killing more than 200 people nationwide. In her ruling on Wednesday, Administrative Law Judge Melody Mirbaba…
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Utilities worry over proposal mandating faster reconnection of power service
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save More than 44 million Americans are struggling this month to pay energy bills, according to the U.S. Census Household Pulse Survey. Half a million of those Americans are in Colorado. And their inability to pay…
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Energy, innovation and distrust collide in Colorado
Facebook Twitter WhatsApp SMS Email Print Copy article link Save One thing partisans on both sides of the continental divide on Colorado energy can agree on is that innovation will power the future. Innovation for renewable energy and oil and gas have another thing in common. They will depend on evolution, not revolution, as they…
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Colorado oil and gas industry leaders look to recovery
The continuing need for oil and gas isn’t going anywhere anytime soon, as evidence by the world’s use during the global business shutdowns caused by the pandemic of 2020. Which means demand is about to surge as world economies recover. That’s according to several panelists who participated Colorado Business Roundtable’s “Road to Recovery Series: Colorado’s…
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Black Hills Energy, Xcel customers could face rate hikes
Xcel and Black Hills Energy customers could be paying more for years following the cold snap in February that sent the price of natural gas soaring. The Colorado Public Utilities Commission will review the investor-owned utilities’ requests Wednesday to boost rates to cover millions in unexpected costs. The board also launched an investigation in February…
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Merger creates new Colorado oil and gas company
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 sets new round of public hearings for oil and gas regulations
Facebook Twitter WhatsApp SMS Email Print Copy article link Save After enacting a moratorium on new oil and gas operation permits that lasts through most of 2021, Larimer County officials have set a series of public hearings to get feedback. The first one is scheduled for May 6, and will be conducted both live and…
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Colorado Oil & Gas Commission examining industry’s financial obligations to orphan wells
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…