Monthly Archives: December 2014

DCP Midstream’s DJ Basin bet doubles its Colorado pipeline capacity

By Mark Jaffe – The Denver Post – December 28, 2014 Wouter van Kempen arrived at Denver-based DCP Midstream LLC, the country’s largest natural gas processor and liquefied natural gas producer, just as the shale drilling boom took off in 2010. While … Continue reading

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Domestic oil production surges in last part of year despite tumbling prices

by Adam Wilmoth – December 24, 2014 Oil production in recent weeks has blown past 1985 highs, but that trend is likely to change soon as companies are beginning to announce plans to cut their 2015 drilling budgets. Continental Resources Inc., … Continue reading

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Aurora passes updates to regulations for fracking in city limits

By Megan Mitchell – YourHub Reporter – December 23, 2014 AURORA — City Council on Monday night approved new regulations that will govern the way oil and gas companies run their hydraulic fracturing well pad sites in the city. Changes to … Continue reading

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Oil prices likely to rebound in second half of 2015: Reuters poll

By Koustav Samanta and Vijaykumar Vedala, Reuters, December 22, 2014 (Reuters) – Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by … Continue reading

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Want to ban fracking? Be ready to pay up under Colorado Legislature bill

Cathy Proctor – Reporter – Denver Business Journal – December 19, 2014 Counties that enact a ban on fracking would have to compensate the owners of mineral rights under a bill Rep. Perry Buck, R-Windsor, plans to introduce during the 2015 legislative session. … Continue reading

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Encana to boost capital spending next year

Bucking the industry trend to cut capital spending due to recent oil price declines,  Encana Corporation will be increasing its capital expenditure budget for 2015 in unconventional shale oil. The company announced a highly focused 2015 capital program of between … Continue reading

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Colorado county commissioners say they have enough local control over oil and gas

Cathy Proctor – Reporter – Denver Business Journal A “significant majority” of Colorado’s county commissioners assembled at a statewide meeting in early December approved a resolution saying local governments have sufficient authority to regulate, and collaborate with, the state’s oil and gas industry. … Continue reading

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Low prices don’t slow Weld oil/gas operators

Area ‘continues to be economic and profitable’ By Vince Winkel – Times-Call staff writer – December 13, 2014 Last week, the benchmark U.S. oil price tumbled below $60 a barrel for the first time in five years. That slide, which was … Continue reading

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