Tag: Oil
-
‘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…
-
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…
-
Local oil, gas industry reaction to Biden’s Russian oil ban
Facebook Twitter WhatsApp SMS Email Print Copy article link Save President Joe Biden’s ban on imported Russian oil sent shockwaves through the Colorado oil and gas community, energizing calls for more permits to be issued and domestic production to be ramped up. Here are reactions from some industry groups that work in Colorado: “We agree…
-
Colorado’s politicos pan, praise Biden’s first year in office
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Even as U.S. President Joe Biden sought to rally Americans at home and allies abroad against the Russian invasion of Ukraine, Republicans and Democrats in Colorado remained deeply divided, with some GOP members blaming the president for Vladimir Putin’s war in Europe. The president’s allies…
-
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.…
-
Larimer County commissioners extend moratorium on new oil and gas permits
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…
-
Colorado Oil & Gas Commission gets earful on orphaned wells
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save Public input started Wednesday to the Colorado Oil & Gas Commission on possible changes to the financial obligations drilling companies must comply with to clean up “orphaned wells.” In February, the COGCC started examining the…
-
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…
-
Colorado reacts to Biden administration’s pause on federal lands for oil and gas permits
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save As President Joe Biden’s administration Wednesday provided more details about sweeping reforms to curb pollution from fossil fuels, reaction came quickly in the form of criticism, praise and at least one lawsuit. Colorado oil and…