Monthly Archives: March 2015

EIA: U.S. oil production growth in 2014 was largest in more than 100 years

March 30, 2015 – By PennEnergy Editorial Staff U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage … Continue reading

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Niobrara oil depends on railroads to get to market, say feds

Cathy Proctor – Reporter-Denver Business Journal – March 30, 2015 About 64 percent of the crude oil produced in the Niobrara formation, the rock layer at the center of Colorado’s oil boom, gets to market via railroad tank cars, according to a … Continue reading

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Research planes to study Western gas emissions

By Gloria Dickie – Daily Camera – March 23, 2015 BOULDER — Boulder-based scientists will launch a study Monday to determine how gas emissions from shale oil and natural gas basins in the western United States affect air quality. Using more … Continue reading

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Obama cracks down on fracking

By Timothy Cama –The Hill –  March 20th, 2015 The Obama administration is setting new standards for the controversial hydraulic fracturing process, the first major federal effort to crack down on the practice that has largely been behind the nation’s … Continue reading

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Brighton adopts new oil and gas development code

By Megan Mitchell – YourHub Reporter – March 17, 2015 BRIGHTON — After three years of negotiations, the Brighton City Council on Tuesday night unanimously adopted new rules and safety policies for oil and gas development sites in the city. Brighton’s old … Continue reading

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Half of Colorado’s drilling rigs have gone idle in last five months

By Aldo Svaldi – The Denver Post – March 23, 2015 Half of Colorado’s drilling rigs have gone idle since the end of October, the sharpest percentage decline among the country’s major oil producing states, according to a report Monday from IHS, … Continue reading

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Colorado’s Rig Count Continues Downward Spiral

Colorado’s latest rig count as reported by Baker Hughes fell to a new post boom low of 39 in the week ending March 20th, 2015.  The rig count in Colorado for the same week in 2014 was 61 rigs.  The … Continue reading

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Itemizing The Oil Bust: 75,000 Layoffs And Counting

Christopher Helman – Forbes Staff – March 16, 2015 The Oil Bust of 2015 is making it cheaper to fill up our tanks at the gas station, but it is decimating our nation’s oil and gas workforce as companies slash spending in … Continue reading

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