Oil & Gas

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Interior Official Defends Drilling Program Amid Federal Lands Production Dip

A top Interior Department official is rebutting GOP allegations that the agency is throttling oil-and-gas development, calling the recent dip in oil production from federal lands the result of industry decisions, not a lack of permits or leases.

15Mar2012 | admin | 0 comments | Continued
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Regional News — Colorado State University in Fort Collins Establishes Natural Gas Initiative

The interdisciplinary course this spring features an introduction to the natural gas industry including geology, exploration, production, transportation and environmental issues. Increased demand for natural gas and greater public interest in drilling here in Colorado are big reasons why.

12Mar2012 | admin | 0 comments | Continued
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From the Corner Office –
Road to New Revenue Standards Rocky but Convergence Still Progressing

If companies don’t begin to analyze the rules soon, they might have to create two sets of records or completely restate financial statements, both of which are expensive and problematic.

12Mar2012 | admin | 0 comments | Continued
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Wyoming Rail Park Business Less Than Anticipated

The Bishop Rail Industrial Park has generated far less in business for its owners and revenue for Natrona County than anticipated four years ago, County Treasurer Tom Doyle said this week.

11Mar2012 | admin | 0 comments | Continued
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China’s Footprint in U.S. Oil Expanding

State-run giants Cnooc and Sinopec are scooping up minority stakes and signing joint-ventures, to the tune of $17 billion in U.S. and Canadian deals since 2010, to feed the energy thirsty nation. Wyoming and Colorado are part of the mix.

7Mar2012 | admin | 0 comments | Continued
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Bill Barrett Corp Adjusts Spending - More Oil, Less Gas

The energy company said last week it will reduce natural gas drilling activity this year in favor of increased oil development. The company cited lower prices as the reason, and is reducing its activity in natural gas by $120 million.

5Mar2012 | admin | 0 comments | Continued
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Keystone Pipeline Could Raise — Not Lower —
Gas Prices in Wyoming and Colorado

“The Canadian plan was to use their market power to raise prices in the United States (UNG) and get more money from consumers,” Philip Verleger, founder of Colorado-based energy consulting firm PK Verleger LLC, noted in
an interview.

2Mar2012 | admin | 0 comments | Continued
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ROCKIES Oil & Gas Conference Set for April 12-13th

The 6th annual event will take place at the Grand Hyatt in Denver. Niobara and Bakken production, infrastructure and market outlook are the key areas of focus for the impressive speakers line-up. Learn more …

27Feb2012 | admin | 0 comments | Continued
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The Dis-United States of Gas Prices:
Why Fuel Is So Cheap in Denver

Gas prices have been on the rise for the past two months, as the international game of chicken between the West and Iran over Tehran’s nuclear program has sent global price of crude oil up above $120 a barrel. Yet, thanks to America’s overwhelmed oil pipelines, some lucky drivers in the Rockies are getting a big discount on gas.

24Feb2012 | admin | 0 comments | Continued
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First-Ever Fed Fracking Rules Draw Mixed Wyo Reviews

A Wyoming oil and gas industry representative says not-yet-released federal rules for the practice, also known as fracking, look similar to state rules and could burden operators if enacted.

17Feb2012 | admin | 0 comments | Continued
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Americans Gaining Energy Independence With
U.S. as Top Producer

The country is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo triggered a recession and led to lines at gasoline stations.

10Feb2012 | admin | 0 comments | Continued
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Fed Oil and Gas Lease Sale Nets $22 Million

The lates BLM oil and gas lease sale held Tuesday in Cheyenne brought in more than $22 million for the federal government and state of Wyoming, with a high bid of $2,600 per acre.

9Feb2012 | admin | 0 comments | Continued
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Natural Gas Flaring Policy Set to Secure More Royalties on Wyoming Trust Lands

Top state officials and education advocates say a new natural-gas flaring policy is a “step forward” to securing more royalties for minerals on state school trust lands.

8Feb2012 | admin | 0 comments | Continued
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Wyoming Board Approves New Natural Gas Flaring Policy

The decision means the State Board of Land Commissioners will now be involved in deciding whether state royalties should be charged on natural gas flared on state-leased wells.

4Feb2012 | admin | 0 comments | Continued
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