Adams County was especially hard when Third Creek pipelines were dismantled because of safety concerns. Small operators walked away from 225 wells.
Anadarko Petroleum
Posted inBusiness, Energy, Environment, Health, News, Politics and Government
Colorado’s largest oil and gas producer wants permission to drill closer than 2,000 feet from homes
The buffer between homes and oil and gas drilling in Colorado is by rule 2,000 feet, except when it isn’t, and a move to drill in the middle of a residential area in Firestone is raising questions about how secure that buffer will be. The state’s biggest operator, Occidental Petroleum, through its Colorado subsidiary Kerr-McGee, […]
Posted inBusiness, Energy, News, Politics and Government
Cory Gardner calls for Republican attack ad invoking deadly 2017 Firestone explosion to be taken down
Sen. Cory Gardner is calling for a Republican group to take down a television ad that invokes the deadly 2017 home explosion in Firestone to attack former Colorado Gov. John Hickenlooper’s record on oil and gas. The Republican U.S. senator says he spoke to Erin Martinez on Tuesday, who survived the blast that killed her […]
Posted inBusiness, Energy, Environment, News
Chevron buys Noble Energy for $5 billion, causing a stirring in the oil patch
NEW YORK — Chevron will take over Noble Energy for $5 billion in the first big deal announced since the coronavirus pandemic shook the energy sector. Chevron has been shopping for assets since last year and with crude prices down more than 30% this year, it jumped Monday with its all-stock offering for the independent […]
Posted inEnergy, News, Politics and Government
Republicans are using the 2017 Firestone home explosion to attack Hickenlooper. A survivor demands they stop.
A survivor of the deadly 2017 home explosion in Firestone caused by a leak from a nearby oil and gas well is calling on the National Republican Senatorial Committee to immediately take down an ad that uses the blast to attack former Colorado Gov. John Hickenlooper. Erin Martinez, whose husband, Mark, and brother, Joey, were […]
Posted inSun Investigation
Oil and gas and private donors paid for initiatives in Hickenlooper’s administration, investigation finds
Former Colorado Gov. John Hickenlooper accepted millions of dollars from corporations and nonprofits to fund initiatives and positions in his office — an arrangement that came with limited oversight and public disclosure despite the potential conflicts of interest. The most significant corporate donations came from the oil and gas industry, where Anadarko Petroleum and Noble […]
Posted inBusiness, COVID, Energy, Environment, News
Colorado’s oil and gas producers are slashing budgets, closing wells as demand and cash flow dwindles
Oil and gas drilling in Colorado hit a historic low in May with only six drill rigs operating and an average for the month of seven drilling platforms – the fewest in the 28 years that oil field services company Baker Hughes has kept monthly records by state. In the Denver-Julesburg/Niobrara Basin, which extends along […]
Posted inBusiness, Energy, News
Colorado oil and gas drillers’ hedges will keep cash flowing — for now — as prices plummet
The steep drop in oil prices – the fallout of a dispute between Russia and Saudi Arabia – is laying low drillers in Colorado, but the toll would be worse if many of those companies hadn’t hedged their bets. Oil companies commonly use “hedges” – a sort of insurance policy – to smooth out some […]
Posted inEnergy, News, Politics and Government
Colorado announces $18.25 million fine against driller in fatal 2017 Firestone home explosion
Colorado oil and gas regulators on Thursday announced they are seeking an $18.25 million fine against a subsidiary of Occidental Petroleum for its role in a 2017 home explosion in Firestone that killed two men. Kerr McGee, the Occidental subsidiary, can appeal the fine in a Colorado Oil and Gas Conservation Commission hearing process. But […]
Posted inEnergy, Environment, News, Politics and Government
Colorado oil and gas regulators are now pursuing penalties in deadly 2017 Firestone home explosion
More than two years after a home explosion in Firestone killed two men, Colorado oil and gas regulators said Wednesday they are finally pursuing penalties — likely financial — against a subsidiary of Anadarko Petroleum for its role in the blast. The Colorado Oil and Gas Conservation Commission said it was waiting for the National […]