Thursday, April 17, 2025
Colorado Gov. Names ‘Local Control’ Attorney Robbins Director of COGCC - Oil & Gas 360

Colorado Governor Appoints Brand New Colorado Oil and Gas Conservation Commission

At first meeting new COGCC will consider SRC Energy’s Comprehensive Drilling Plan for Weld County Colorado’s new governor, Jared Polis (D-Boulder), announced his appointments who will take over as new Colorado Oil and Gas Conservation Commissioners effective today. The group was handpicked by him to manage the state regulation and oversight of oil and gas well permitting and operations in

Back to the Future: U.S. Independents Collectively Outspent Cash Flows by $433 Million in Q1

Spending restraints fell off following Q4-2018’s price crash and rapid recovery Only 16% of LargeCap E&Ps generated free cash U.S. E&P companies have struggled to restrain themselves even in the face of lower commodity prices, our analysis of the latest quarter’s results show. Q1 2019 saw the immediate recovery from the most severe oil price downturn since the 2014-2016 oil

Tamarack Valley Energy CEO Brian Schmidt Discusses Ramping his Company’s Waterflood on a Billion-Barrel Oilfield

Canada’s curtailments, Cardium’s surprise: Tamarack Valley drills a record lateral for Western Canada Tamarack Valley Energy (stock ticker: TVE, $TVE) is a Canadian exploration and production company with strong economics and a few nice surprises in Q1 2019. The company’s operating netbacks for the quarter were 58% higher than Q4 2018. [contextly_sidebar id=”1oXmlMpRVV7TOjDQ15pHfTOc2Vyfhw1J”] Oil & Gas 360® had the opportunity this

Sixth Week of Falling Rig Counts

Vertical drilling rises from multi-decade low Drilling activity in the U.S. fell once again, the 12th drop in the past 13 weeks according to Baker Hughes Weekly Rig Count. A net one rig shut down in the week, leaving 987 rigs active in the state. Three land-based rigs shut down, while two offshore rigs started drilling. There are now 961

Drilling Company Hilltop Files for Chapter 11 Bankruptcy

From The Wall Street Journal Hilltop Energy LLC, a money-losing Texas oil and gas drilling company, filed for bankruptcy Thursday with a “prepackaged” plan that hands ownership to Dallas-based Rivershore Operating LLC and bondholder J.P. Morgan Securities LLC. Hilltop, whose roots go back to failed oil company Cubic Energy Inc., filed for chapter 11 after years of red ink left