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.
Oil rigs may draw protests, but Colorado’s pipelines could get pinched by Democratic lawmakers
Comments by Colorado House Speaker KC Becker confirm that oil and gas companies, pleased after voters killed setback rule, will be in crosshairs of Democratic majority