Colorado has taken steps to require more money from oil and gas producers to insure there is adequate funding for the cleanup should the well be abandoned. The state is now increasing the amount of money companies need to put forward, often in the form of bonds, to pay for plugging and reclaiming their wells …
January 18, 2023 archive
Chesapeake Energy sells South Texas ops in $1.4 billion cash deal
Oklahoma City’s Chesapeake Energy Corp. reportedly agreed to sell part of its operations in the Eagle Ford play of South Texas to private equity-owned Wildfire Energy in a $1.4 billion cash deal. Reuters reported the story Wednesday, indicating it was based on “people familiar with the matter” and what they said. Chesapeake had been …
Ovintiv’s newest big production effort is in Kingfisher County
Ovintiv never ceases to amaze oil and gas followers for its discoveries and production in Oklahoma’s Kingfisher County. Add a 3-well single-pad effort that produced a combined 2,200 barrels of oil a day to the long and growing list of the Houston-based company’s drilling projects in Oklahoma’s STACK play. The latest were completed in …
Work to begin on 600 mile electric transmission project in eastern Colorado
Excel Energy has chosen Quanta Services, Inc. to manage all construction activities for the more than 600 mile long Colorado Power Pathway high-voltage electric transmission project. The 345 kV transmission infrastructure in eastern Colorado will span more than a dozen counties reported T&D World. “Quanta has enjoyed a long-standing relationship with Xcel Energy and …
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