Thursday, February 6, 2025

Vertical Drilling Hits Bottom

Only 45 vertical rigs remain online – lowest level in decades By Richard Rostad, analyst, Oil & Gas 360 Drilling activity fell once again this week, as activity dropped for the 11th time in the past week according to Baker Hughes. A net two rigs shut down in the week, bringing the national total to 988 active rigs. Both were

Colorado: COGCC Can’t Use ALJs to Help with 6,300 Drilling Permit Applications

Colorado Operators Discuss Energy Bill

By Richard Rostad, analyst, Oil & Gas 360 Colorado’s recent SB 181 overhauled the state’s permitting and regulatory process for oil and gas development. Since the bill was passed and signed into law, oil and gas investors naturally have been searching for more details and direct information on the effects of the bill, and it has been a key theme