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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NARO to host FREE Mineral Owners’ Town Hall Meeting

National Association of Royalty Owners

National Association of Royalty Owners

Mineral Owners’ Town Hall Meeting
Renaissance Boulder Flatiron Hotel
April 3, 2014 7-10 PM

The NARO Rockies Board of Directors is hosting a meeting for all mineral owners and we need your help. We must ALL work together to insure our minerals are developed and as mineral owners we must stop the unlawful taking of our private property. As you read through this message, you will understand that we are taking this issue seriously and with your help we will retain the right to have our minerals developed.

Colorado, like most other western states, recognizes separate ownership of the surface estate and the mineral estate and the distinct private property rights associated with each. Because each party has rights associated with the ownership of their respective estate, individuals are entitled to exercise their rights to develop these resources. NARO believes any governmental agency that passes regulations that prohibit the development of a mineral interest is committing an unconstitutional taking of private property. Continue reading “NARO to host FREE Mineral Owners’ Town Hall Meeting” »

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Niobrara Productivity Evident In Most Recent EIA Report

EIA_2014_ProductivityMARCH 11, 2014 – A report from the U.S. Energy Information Administration: The productivity of oil and natural gas wells is steadily increasing in many basins across the United States because of the increasing precision and efficiency of horizontal drilling and hydraulic fracturing in oil and natural gas extraction. Many resource-producing basins are experiencing an increasing yield over time in either oil (Bakken, Eagle Ford, Niobrara) or natural gas (Marcellus, Haynesville).

The geology of each oil and natural gas resource play is diverse, and individual rig or well performance can vary dramatically. However, drilling activity in U.S. shale plays is now generally producing greater quantities of oil and/or natural gas than in the past.

Continue reading article from the US Energy Information Administration

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