Carrizo Oil & Gas Inc. and Pure Cycle speak at I-70 Regional Economic Advancement Partnership

Doug Claussen – The I-70 Scout – December 11, 2012

WATKINS — Oil, gas and water were the featured topics at the Nov. 8 meeting of the I-70 Regional Economic Advancement Partnership at Front Range Airport, Watkins. Scott H. Hudson, an official with Carrizo Oil & Gas, Inc., and Mark Harding, president of Pure Cycle Corp., which provides water for fracking to Anadarko and Conoco on the Lowry Range through the state land board, discussed how their respective businesses collaborate in the fracking process.

Hudson said Carrizo operates in several areas of the country including Pennsylvania, West Virginia, Louisiana and Texas as well as the North Sea off the coast of the United Kingdom. The company announced its intent to drill in the Niobrara shale formation of northeastern Colorado in April 2010. Carrizo now controls approximately 68,000 acres in Weld and Morgan counties, but also has roughly 3,700 acres in the vicinity of Front Range Airport.

“Our plans, all along, have been to drill two wells and complete two wells in this
area by the end of the year,” Hudson said. “Unfortunately, I’m not sure if that’s going to
happen.” He added that Carrizo will be the first company to drill in the city of Aurora, which encompasses the land around the airport, but that ordinance changes have delayed the permitting process, which he hoped would be completed that afternoon. “It’s just taking a little more time for everybody to get comfortable with each other and understand what’s going on,” he added.  Hudson said the geologic model of the Niobrara, which indicates the formation will be productive, is holding true with its Weld and Morgan wells producing 80 percent oil and 20 percent natural gas.

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