Two Colorado oil companies announce merger, the latest in a consolidating industry
Bonanza Creek Energy and Extraction Oil & Gas are combining to create Civitas Energy
Colorado’s oil and gas producers are slashing budgets, closing wells as demand and cash flow dwindles
Only six drilling rigs are operating in the Colorado, the fewest in 28 years, as companies face critical financial hurdles and increasing regulation.
Colorado oil and gas drillers’ hedges will keep cash flowing — for now — as prices plummet
Colorado’s biggest producers, including bankrupt Whiting Petroleum, have slashed capital budgets and cut salaries, but hedging will blunt the worst damage as per-barrel prices continue to drop.