Monthly Archives: February 2015

Whiting Petroleum to run 3 rigs in Niobrara after 50% Capex reduction for 2015

February 26, 2015 – At the Q4 2014 Whiting Petroleum Corp. Earnings Conference Call, the company announced a Q4 2014 Production of 131,260 BOE/d Up 13% Over Q3 2014, Proved Reserves to a Record 780.3 MMBOE an Increase of 78% and a $2.0 Billion … Continue reading

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Carrizo Oil & Gas to Reduce Niobrara Drilling in Current Price Environment

On February 24, 2015 Carrizo Oil and Gas held a Q4 and year end 2014 results earnings call. During the call the company reported a record 22,130 barrels per day production, an increase of 11% from the prior quarter and exceeding the … Continue reading

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PDC Energy Increases 2015 Wattenberg Capex to $435 Million

On PDC Energy’s Q4 2014 conference call the company announced their Q4 and year end 2014 earnings. The company announced a 2015 capital reduction of 84 million dollars, and a 50% expected production increase in 2015 to 14.5 MMBoe. The … Continue reading

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EOG Resources Follows Suit and Cuts CAPEX by 40%

On February 18th, 2015, EOG Resources announced Q4 earnings for 2014.  The company also announced a CAPEX cut of 40% of $4.9B-$5.1B this year, and will delay a “significant” number of well completions as part of a strategy to increase its … Continue reading

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Mapping project shows heavy oil, gas leasing in Arapahoe County

By Mark Jaffe – The Denver Post – February 17, 2015 Arapahoe County is a checkerboard of oil and gas leases and rights — with holdings adjacent to schools, parks and housing developments, according to an analysis by Conservation Colorado. The nonprofit … Continue reading

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Colorado Rig Count Surrenders to National Trend

The number of active U.S. land rigs plunged by 98 this week in one of the biggest declines in the past three decades as fallen oil prices continued to pummel the industry’s drilling ambitions as reported by Fuel Fix. In … Continue reading

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Colorado Senate Weighs Payments To Mineral Owners Over Fracking Rules

CBS Denver,  February 12, 2015 DENVER (AP) — Mineral owners would get compensation from local governments that restrict fracking under a Republican bill advanced by the Colorado Senate Thursday. The question pits homeowners concerned over industrial activity in residential areas and … Continue reading

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IEA: North American cuts to bolster crude price

by Collin Eaton on Fuel Fix – February 10, 2015 HOUSTON – The world’s foremost seers of future oil prices are adjusting their calculations to include this year’s  brutal cost-cutting in North America’s shale plays. In a forecast Tuesday, the Paris-based … Continue reading

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