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Associated PressAssociated PressFebruary 18, 20182min285

Oil production continues to increase in Colorado as energy companies respond to a recent rebound in crude prices, according to U.S. government data.

The Energy Information Administration says drillers in the Niobrara region that includes much of northern Colorado will produce 580,000 barrels daily in March. That’s a 6 percent increase over February’s expected production.

Oil prices have risen sharply since last summer’s low of $43 a barrel, to over $60 a barrel in recent weeks.

Gas production also is expected to increase in the Niobrara in March, according to the energy agency.

The Niobrara includes portions of neighboring states, but the energy patch’s sweet spot is in Colorado’s Weld County, which has almost 24,000 active oil and gas wells.

Amid the industry’s resurgence, the number of drill rigs working in the state has remained relatively flat.

“Rigs are only one part of the picture,” Bernadette Johnson, vice president of Market Intelligence at DrillingInfo in Littleton, told Colorado Public Radio . “What matters more is how quickly those rigs can drill wells, and how big those wells are.”

Operators also are drawing down their stockpiles of “drilled but uncompleted wells.” These are wells that were previously drilled, but not finished.

Drilling applications suggest more new wells are on the way.

The Colorado Oil and Gas Conservation Commission reported receiving 5,548 applications to drill last year, a 70 percent increase over 2016 and the most in at least six years.


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Joey BunchJoey BunchFebruary 14, 20186min373
The Colorado Oil and Gas Conservation Commission approved rules Tuesday to help the public get a general idea where oil and gas pipelines are located. The nine-member panel unanimously approved the regulatory update after three days of testimony. Regulators have been working on the proposal for months, in the wake of a home explosion in […]

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Joey BunchJoey BunchFebruary 2, 20186min1011
It’s a new year, but it’s the same legislative outcome for Democratic bills to regulate oil and gas or to promote renewable energy in Colorado. Republicans Thursday made short work of two Senate bills that would pledge the state to get all its energy from renewable sources by 2035, and another to hold oil and […]

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Joey BunchJoey BunchDecember 7, 20175min420
Sen. Matt Jones of Louisville said Wednesday he plans to introduce a bill in the next session to give local governments more authority to “plan, zone, and refuse to allow oil and gas operations as they see fit — just as they do with every other industry.” Though Jones is the Senate Democrats’ appointed leader […]

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