Tag: Oil
-
United Airlines to cut more flights as oil prices rise
CHICAGO — United Airlines is cutting more unprofitable flights over the next two quarters as it prepares for a prolonged period of high jet fuel prices due to the Iran war, even as strong travel demand has allowed U.S. carriers to raise fares. Chief Executive Scott Kirby said in a staff memo on Friday the…
-
Weld County gas well blowout evacuees still can’t return home
Chevron is housing evacuees and cleanup continues
-
10th Circuit revives lawsuit over misrepresentations of Weld County oil, gas production
A Texas woman may now have a jury decide whether she was duped into selling her royalty rights in Weld County when a buyer allegedly lied to her that no oil and gas production was occurring on the land in question. Last week, the U.S. Court of Appeals for the 10th Circuit reinstated the lawsuit…
-
Xcel Energy president, Robert Kenney, discusses the fate of Xcel’s obsolete coal power plants and how their existing infrastructure may be used
—
by
Xcel Energy president, Robert Kenney, sits down with the Denver Gazette to talk all things Colorado power
-
‘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…
-
Denver-based PDC Energy announces $1.3 billion merger
Denver-based PDC Energy Inc. on Monday announced plans to purchase Great Western Petroleum LLC for $1.3 billion, which will give it increased access to the Denver-Julesburg Basin in the northeast part of the state. PDC (Nasdaq: PDCE) also conducted its fourth quarter earnings call Monday, where it shared with investors the expansion plans. Company officials…
-
CAPITOL M: Week of Jan. 15, 2022 — Welcome Back to Gold Dome High
The lighter side of the Capitol, unless it isn’t. The 2022 session is off to a bang (of the gavel) and the return of lawmakers during a pandemic that does.not.ever.want.to.end. The big question this week: how long the legislature will be able to operate before having to adjourn because of a massive outbreak of COVID.…