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 […]
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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 inBusiness, Energy, Growth, News, Politics and Government
Oil rigs may draw protests, but Colorado’s pipelines could get pinched by Democratic lawmakers
Oil rigs dotting the Front Range have been lightning rods of controversy and targets of protests, lawsuits, ballot measures and now an expected push at the statehouse for new regulations. But behind those drill rigs is a multibillion-dollar network of processing plants and pipelines that also could be affected. This part of the industry is […]