Posted inBusiness, Energy, Environment, News

Colorado gives oil and gas company 6 more months to clean up its act. If not, KP Kauffman faces nearly $1 million in fines — or worse.

Frustrated, but patient, state oil and gas regulators on Monday gave the troubled KP Kauffman Co. one more, six-month chance to clean up its act or face close to $1 million in fines — or worse. The Denver-based oil and gas operator, which runs 1,200 low-producing wells around the state, is under an agreement to […]

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Colorado regulators overhaul rules to ensure there’s money to clean up orphan wells

Colorado oil and gas regulators Tuesday adopted complex financial assurance rules aimed at guaranteeing there is enough money to properly plug all the wells in the state — especially the ones that are low-producing or left orphaned by defunct drillers. The rules come after months of hearings that pitted environmental and community groups that wanted […]

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When Colorado oil and gas wells are sold to small companies, can the new owners afford the cleanup costs?

While a bunch of aging Rio Blanco County wells haven’t moved a whit, or produced much oil and gas, their corporate address has jumped in the last six years from Kansas to Texas to Highlands Ranch.  Owner 1: Koch Exploration was located on the sprawling Wichita, Kansas, campus of Koch Industries, the privately-held conglomerate with […]