Press Release: Expandable Liner Hanger Design Sets Mechanically. No High Pressure Required.

FOR IMMEDIATE RELEASE

May, 2017

Expandable Liner Hanger Design Sets Mechanically. No High Pressure Required.

The Woodlands, TX – The unique PowerScrew™ liner hanger from Seminole Services utilizes torsional energy from the top drive to efficiently and safely set a liner, eliminating any need for high pressure in the setting process.  In the PowerScrew’s setting mechanism, rotation of the top drive provides all of the energy required to helically stretch-form the liner top without the application of pressure. This unique mechanical setting process provides a liner top that’s ISO 14310 V0 rated, for improved pressure containment, increased hanging capacity, and an overall higher standard of reliability and safety. Continue reading “Press Release: Expandable Liner Hanger Design Sets Mechanically. No High Pressure Required.” »

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Whiting Sees Lower Costs, Raises Production Guidance

Charlie Passut –  April 28, 2017- Natural Gas Intelligence Shale Daily “We don’t have any plans for further JVs in the Williston Basin,” Volker said. But he added that in the Niobrara Shale, “there are several parties who’ve contacted us and are interested in doing drilling out there because they realized we’ve got 5,000 drilling locations. We are talking to some of them. They like the economics, even with oil in the $40-50 range.”

Whiting Petroleum Corp. said the addition of new pipeline infrastructure in the Williston Basin in the first quarter helped drop oil differentials below the low end of its guidance, while its operations team helped lower its lease operating expenses (LOE) during the downturn in oil prices.

The Denver-based producer, one of the largest oil producers in North Dakota’s Bakken Shale, also reported production above the high end of its guidance for the quarter, and raised its production forecast for the remainder of the year. Continue reading “Whiting Sees Lower Costs, Raises Production Guidance” »

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Energy Pipeline: Plugging old vertical wells could soon change Colorado’s landscapes

Extraction Oil and Gas LogoSharon Dunn – Greeley Tribune – April 15, 2017

Soon, the city of Broomfield’s landscape could substantially change. Once an oil field, now filled with residential development, the area is dotted with storage tanks and well sites.

If a plan by Extraction Oil and Gas comes to fruition, 41 unsightly wells that dot residential neighborhoods could disappear.

In fact, communities all over northern Colorado already are seeing fewer storage tanks and well sites — even while companies are drilling more wells.

That’s because of a relatively recent state oil and gas policy that is making a rather hefty impact in the Colorado oil scene. The rule is responsible for hundreds of old vertical wells being plugged and abandoned as companies seek to drill horizontal wells instead. The result is a cleaner landscape and a return of land back to surface owners.

The horizontal well offset policy has been responsible for hundreds of pluggings in the past two years. In 2016, companies drilling in Weld County plugged 801 wells, up 17.4 percent from the previous year, and up more than double the number of wells plugged of 2013, before the rule was implemented by the Colorado Oil and Gas Conservation Commission.

The commission in 2014 created the horizontal well offset policy, which requires operators planning to drill horizontal wells within 1,500 feet of an old vertical well to examine the vertical well’s integrity. The fear, said Matt Lepore, executive director of the COGCC, was that there would be some communication between the new and old wells that would negatively affect pressure or the integrity of the older well. Continue reading “Energy Pipeline: Plugging old vertical wells could soon change Colorado’s landscapes” »

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Longmont mulls stand against statehouse bill that would compensate drillers for losses

Colorado State Capitol

By John Fryer – The Denver Post – February 20, 2017

Rep. Perry Buck’s measure would make governments that impose a moratorium compensate oil, gas companies

Longmont’s City Council is to consider taking a formal stand Tuesday night against a proposed state law that could make Colorado’s local governments liable for paying oil and gas mineral rights holders the market values of those rights if a city, town or county government bans hydraulic fracturing.

Windsor Republican Rep. Perry Buck’s House Bill 17-1124 — which would also require local governments to compensate oil and gas operators, mineral rights owners and royalties holders for lost revenues if those cities, towns or counties impose moratoria on oil and gas exploration — is up for a House committee hearing on Wednesday afternoon.

Longmont has neither a fracking ban nor an oil and gas development moratorium in place now, after last May’s Colorado Supreme Court rulings that Longmont’s voter-approved fracking ban and Fort Collins’ voter-approved five-year fracking moratorium were preempted by state law.

Continue reading story at The Denver Post

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ConocoPhillips may restart Niobrara Operations in 2017

At their fourth quarter earnings call on February 2nd, ConocoPhillips  – EVP, Production, Drilling & Projects, Al Hirshberg mentioned that the company may target a rig to operate in the Niobrara later in 2017.

Also mentioned in an article about COPs earnings at Seeking Alpha, titled “ConocoPhillips Does It Again, Say Hello To FCF“, contributor Callum Turcan suggested that: “Management noted that a third rig is expected to hit the Permian sometime this year, which may also operate in the Niobrara play for part of 2017. This rig will target both conventional and unconventional plays in the Permian and if it does hit the Niobrara play, will be used for appraisal, delineation, and optimization purposes to set the stage for full field development later on.

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A drilling rig in a residential Greeley neighborhood? It’s not what you think

Sharon Dunn – The Greeley Tribune – January 13, 2017

Bobbie Burke looked out her front window in west Greeley on Wednesday morning and saw an almost unbelievable sight.

A drilling rig — in her neighborhood. Upon closer inspection, the rig towered 60 to 70 feet in the air in a resident’s front yard in the Highland Park West subdivision near 54th Avenue and 26th Street.

“It’s a little strange looking at this out your front window,” said Burke, who lives on 56th Avenue.

Aren’t there supposed to be rules against drilling in a neighborhood, she wondered? And in someone’s front yard? Continue reading “A drilling rig in a residential Greeley neighborhood? It’s not what you think” »

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New Colorado Mineral Owner Organization Formed

A new organization has been formed to exclusively represent Colorado Mineral and Royalty Owners called CAMRO, Colorado Alliance of Mineral and Royalty Owners.

CAMRO was formed as a result of a long-running displeasure with the policies of the National board of the National Association of Royalty Owners.  After trying to resolve their concerns with the national organization, the NARO-Colorado board voted to take the organization in a different direction and has amended and restated their articles of organization and filed them with the Colorado Secretary of State disassociating the NARO-Colorado chapter from NARO-National.

CAMRO will continue to represent mineral and royalty owners in the state with lobbying efforts at the state capitol, advocacy at every level of government, and educational opportunities for its members and the public.

More information about CAMRO and how to become a member can be found at their website:  https://camro.us/

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Has Colorado’s Rig Count Hit Bottom?

Colorado Rig Count Chart - 2000 - 2016

Colorado Rig Count Chart – 2000 – 2016 – Niobrara News

With all the recent talk of OPEC and Russia coming to an agreement on limiting oil production to stabilize crude oil prices at a meeting in Algeria on September 26-28, 2016, one wonders how the outcome will affect activity in the Niobrara and other plays in Colorado.

We have provided a chart of the Colorado rig count from 2000 to September 2016 that shows the average rig count per month during that period of time.  The data was tabulated from the Baker Hughes Rig Count site from their Rigs by State spreadsheet.

Some key markers that may have an influence on the Colorado rig count have been entered on the chart for reference.  Markers such as the date of the 2008 stock market crash, the date of the JAKE well discovery, the beginning of the latest oil price slide, and the recent lowest price of West Texas International are most likely important drivers of oil activities in Colorado.

Historically, it would appear the the current state rig count sits very close to where it was sixteen years ago in 2000, all before the stock market crash and the shale oil phenomenon.

Only recently has there been a slight upturn in the rig count trend that started down in the middle of 2014.  Is this just a slight bounce, or a recovery to more healthy rig count levels? Only time will tell, but any price positive agreement on supply limitations from OPEC and other oil producing nations will no doubt contribute to a larger Colorado rig count.

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