Category Archives: Economy

Content related to the Niobrara’s economic impact

Has Colorado’s Rig Count Hit Bottom?

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 … Continue reading

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Bill Barrett Corp. to begin drilling in Denver-Julesburg Basin again

By ALDO SVALDI – Denver Post – August 15, 2016 Denver-based Bill Barrett Corp. will revive its horizontal drilling program in the Denver-Julesburg Basin, with plans to bring a dozen new wells into production by the first quarter of next … Continue reading

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Polis donates $25K to group pushing oil, gas amendment

Associated Press, August 3rd, 2016 DENVER (AP) — Democratic Rep. Jared Polis has given $25,000 to a group pushing to allow local government more say over energy production. Polis gave the money to Yes for Local Control Over Oil and … Continue reading

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Analysts pile on with downgrades of Denver oil company’s stock

Ben Miller – Contributing Writer – Denver Business Journal – March 2, 2016 One day after announcing that a $255 million asset sale had fallen through, eight analysts downgraded shares of this Denver oil company’s stock. On Monday afternoon, Bonanza Creek … Continue reading

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Energy company sells most of its Colorado assets for $910 million

Cathy Proctor – Reporter – Denver Business Journal – February 9, 2016 WPX Energy Inc., Colorado’s biggest producer of natural gas, said Tuesday it will sell most of its Colorado assets to private equity firm Terra Energy Partners LLC for $910 million in … Continue reading

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Oil’s Next ‘Scary Price Point’ May Close The Spigot

BY GILLIAN RICH, INVESTOR’S BUSINESS DAILY – January 15, 2016 Oil prices are nearing the point where pumping crude out of the ground ceases to be economical across the U.S., meaning the flow of oil — and cash for production … Continue reading

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Bank of Montreal Asks If “Oil Prices Could Collapse To $20”; Answers: “Yes”

Tyler Durden – ZeroHedge – December 27, 2015 When looking at the price of oil in 2015, Canada’s Bank of Montreal admits it was wrong. Very, very wrong. In our “2015 Year Ahead” report we laid out three plausible scenarios: (1) … Continue reading

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Weld’s top oil, gas exploration companies reporting increased fourth-quarter production

Sharon Dunn – Greeley Tribune – December 18, 2015 Weld County’s two largest oil and gas drillers have updated their production levels for the last few months of the year, noting increased drilling efficiencies without spending more money. Both Anadarko Petroleum … Continue reading

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