Oil and gas recruiter Air Energi opens Denver office to serve oil boom

Air_Energi_LogoBy Steve Raabe - The Denver Post – April 15, 2014

An international energy employment firm is opening a Denver office to help the booming oil-and-gas sector find enough qualified workers.

Air Energi Group’s Denver location will link prospective employees with employers struggling to maintain adequate staffing amid record production of oil in Colorado. Continue reading “Oil and gas recruiter Air Energi opens Denver office to serve oil boom” »

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Mineral ownership in Colorado comes with rights, responsibilities

 

National Association of Royalty Owners

National Association of Royalty Owners

By Sarah Tanksalvala – Freelance Journalist – April 14, 2014

The United States of America is the only country in the world with privately owned mineral rights. In most countries, the government owns the land below the surface. In America, however, those rights are a commodity, and one which landowners can use to help protect their own rights where mining – including oil and gas drilling – is involved.

Mineral rights are the rights to land below the surface. If that land contains oil, gas or other valuable materials, the owner of the rights can choose to extract them. Mineral rights can be owned, leased and sold separately from the land’s surface and structures. Continue reading “Mineral ownership in Colorado comes with rights, responsibilities” »

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Colorado House approves study of oil and gas impacts

Colorado State Capitol

Colorado State Capitol

 - Reporter-Denver Business Journal

A wide-ranging study of analyze the health and quality-of-life impacts of oil and gas production along Colorado’s Front Range has passed the state House of Representatives. It now goes to the Senate for consideration.

House Bill 1297 is sponsored by Rep.Joann Ginal, D- Fort Collins. If signed into law, it would direct the Colorado Department of Public Health and Environment to conduct the study by Jan. 1, 2017.

The study would focus on Adams, Arapahoe Boulder, Broomfield, Larimer and Weld counties. The study will cost $598,717, according to a fiscal note on the bill.

The House vote was 38-26 in favor of the bill. All Democratic representatives voted for the bill, joined by one lone Republican, Rep.Jared Wright, R-Grand Junction.

http://www.bizjournals.com/denver/blog/earth_to_power/2014/04/colorado-house-approves-study-of-oil-and-gas.html

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Conoco’s Niobrara Energized by Eagleford Knowledge

Slide from ConocoPhillips 2014 Analyst Meeting

Slide from ConocoPhillips 2014 Analyst Meeting – Click to Enlarge

ConocoPhillips

 

 

 

April 10, 2014 – ConocoPhillips Analyst Meeting

Drilling results from ConocoPhillips’ DJ Basin Niobrara operations on and around the Lowry Bombing Range have been scant to date.  At their April 10th Analyst meeting some more details about their strategy, results to date, and plans going forward were released. Continue reading “Conoco’s Niobrara Energized by Eagleford Knowledge” »

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Crude oil potential from Colorado’s DJ Basin gets bigger (a lot bigger)

NobleEnergyLogoCathy Proctor - Reporter - Denver Business Journal - April 8, 2014

Anadarko_logo

The estimated amount of crude oil and other liquids that could be pumped from Colorado’s booming Denver-Julesburg Basin has grown to more than 4 billion barrels.

And that’s just using estimates from the two biggest oil and gas companies — Noble Energy Inc. (NYSE: NBL) and Anadarko Petroleum Corp. (NYSE: APC) — working in the DJ Basin, which sprawls north and east of Denver into Wyoming and Nebraska. Continue reading “Crude oil potential from Colorado’s DJ Basin gets bigger (a lot bigger)” »

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Jewell’s Remarks on Fracking Buoy Backers

Seal of the US Department of Interior

Seal of the US Department of Interior

April 4, 2014 - By Mark Stricherz – The Colorado Observer

WASHINGTON – Interior Secretary Sally Jewell surprised House lawmakers during a budget hearing Thursday by giving a qualified endorsement of hydraulic fracturing, a process opposed by many environmental groups.

Colorado Republican Rep. Doug Lamborn, who asked Jewell her opinion of the safety of fracking, put out a press release even before Jewell’s testimony before the House Natural Resources Committee was finished. Continue reading “Jewell’s Remarks on Fracking Buoy Backers” »

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Gardner Calls on Udall to Disavow Anti-Fracking Proposals

Hydraulic Fracturing Illustration - Idealized

Hydraulic Fracturing Illustration – Idealized

April 1, 2014 - By Observer Staff – The Colorado Observer

DENVER — Rep. Cory Gardner upped the ante in the Senate race Tuesday by challenging Sen. Mark Udall to disavow any statewide initiative aimed at banning hydraulic fracturing.

“Senator Udall’s refusal to oppose a ban on hydraulic fracturing has put nearly 100,000 Colorado jobs at risk of being completely eliminated,” said Gardner in a statement. “Senator Udall cannot look Coloradans in the eye and tell them that he honestly cares about creating jobs. He doesn’t.” Continue reading “Gardner Calls on Udall to Disavow Anti-Fracking Proposals” »

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Old Math Casts Doubt on Accuracy of Oil Reserve Estimates

Oil Drilling Rig

Oil Drilling Rig

By Asjylyn Loder - Bloomberg News – Apr 3, 2014

Jan Arps is the most influential oilman you’ve never heard of.

In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing Co., published a formula to predict how much crude a well will produce and when it will run dry. The Arps method has become one of the most widely used measures in the industry. Companies rely on it to predict the profitability of drilling, secure loans and report reserves to regulators. When Representative Ed Royce, a California Republican, said at a March 26 hearing in Washington that the U.S. should start exporting its oil to undermine Russian influence, his forecast of “increasing U.S. energy production” can be traced back to Arps. Continue reading “Old Math Casts Doubt on Accuracy of Oil Reserve Estimates” »

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