Denver-based PDC Energy’s share price sagged under concerns over increased regulation, but the company has received 1,000 drilling permits in the last 10 months
Chevron
Posted inBusiness, Energy, Environment, News, Politics and Government
Nearly half of Colorado’s 52,000 wells produce little or no oil. Who’ll pay to plug them?
Sticking out like a sore thumb in the otherwise bucolic, rolling pastures and fields of hay, sit four rusting oil tanks, “Out of Service” stenciled on their sides, along with a scattering of other weathered and unusable equipment. For the better part of three years, Jon and Susanne Stephens have, without success, been trying to […]
Posted inBusiness, Climate, Energy, Environment, News, Politics and Government
Colorado regulators target tiny oil field device that’s a big contributor to greenhouse gas, ozone pollution
Colorado air regulators and oil industry engineers have been on the hunt for fugitive chemical emissions from drill sites and storage facilities for years, and they are now closing in on what may be “the last of the low-hanging fruit” – pneumatic controllers. The Air Quality Control Commission is set to take up a proposed […]
Posted inBusiness, Climate, Economy, Energy, Environment, Health, Housing, News, Politics and Government
Colorado is behind on targets to cut greenhouse gas emissions. How far should the state push industry to get there?
The Polis administration is set this month to complete its “roadmap” for cutting Colorado’s greenhouse gas emissions, but critics question whether the route is clear enough — and the milestones realistic enough — to get Colorado where it needs to go. In a nod to some of the challenges, air quality and energy officials are […]
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, Environment, Growth, Politics and Government
Colorado’s oil and gas battlefield (and campaign cash) is shifting to local elections
Gov. Jared Polis suggested Colorado’s “oil and gas wars … are over” when he signed sweeping new industry regulations into law this month. But really, the battlefield just shifted. The new law empowers counties and municipalities to exert more authority over oil and gas development, reversing the prior approach that gave the state preemptive control […]
Posted inBusiness, Energy, News
Chevron vaults into new league with $33B acquisition of Anadarko, one of Colorado’s largest oil and gas operators
By Michelle Chapman, The Associated Press Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal, energizing its deep water exploration in the gulf and in the energy-rich southwest region of Texas called the Permian Basin. The deal announced Friday comes with U.S. crude prices up 40% this year and vaults Chevron into […]
Posted inBusiness, Energy, Environment, News, Politics and Government
The top 10 corporate donors in Colorado’s 2018 election — and what they want
Seven of the top 10 organizations spending the most money in the 2018 election represent the oil and gas industry, a Colorado Sun analysis shows. The energy companies and allies are focused on two ballot initiatives and have so far spent $29 million on the effort to defeat Proposition 112, which calls for greater setbacks […]