A deeper look at initiative 97 If Colorado voters choose to stop drilling by passing initiative #97 on Nov. 6, the economic ramifications are deep – Colorado governor has no veto power over the measure Nine weeks from today Colorado’s voters will have the opportunity to vote ‘Yes’ on a measure that will essentially shut down new drilling, workovers and
From The Casper Star-Tribune Until recently, people in Cheyenne, Wyoming would rarely encounter a drilling rig close to home. They might spot the light of a flare in the dark distance, like a candle flickering above the prairie, but the industry fueling Wyoming’s economy largely operated out of sight. As the Capitol City has expanded outward and oil and gas
It’s a scenario that could possibly send oil and gas reserve values toward $0 and start an exodus of energy companies, capital investment and high paying jobs from the state From “theoretical to real” in a day The threat to the oil and gas industry posed by initiative 97 [EDITOR’S NOTE: INITIATIVE 97 WAS RENAMED PROPOSITION 112 ON THE COLORADO BALLOT] went
Colorado Secretary of State Wayne Williams announced that the setback measure for oil and gas development has qualified to be on the November 6 statewide ballot. The measure would mandate that new oil and gas development, including fracing, be a minimum distance of 2,500 feet from occupied buildings, waterways and other areas designated as “vulnerable.” Backers of Initiative 97 submitted signatures
Initiative 97, which mandates a 2,500-foot setback from occupied structures, schools, homes, waterways and other ‘vulnerable’ areas, is one of the two remaining ballot initiatives with signatures still being verified Colorado Secretary of State Wayne Williams announced today that a proposed constitutional amendment that would require that property owners be compensated for any reduction in property value caused by state laws
From the Houston Business Journal Houston-based ConocoPhillips (NYSE: COP) has selected Kelly Brunetti Rose, a Houston partner at Baker Botts LLP, as its new general counsel, according to media reports. ConocoPhillips confirmed to Law360 that she’ll join the company in early September, and her title will include senior vice president of legal and corporate secretary. Janet Langford Carrig, who currently
From Associated Press/the Herald-Whig BOISE, Idaho (AP) — Idaho officials violated the U.S. Constitution by forcing several landowners to sell their natural gas and oil to a Texas company without giving them a meaningful way to fight the state’s decision, a judge said. The ruling Monday in U.S. District Court in Boise could have significant ramifications for a state-approved process
On Friday Colorado Secretary of State Wayne Williams reported that the proponents of the private property rights measure – Initiative 108 – had turned the collected signatures over to the Secretary of State. The Secretary of State’s office now has 30 days to review the information provided on the petitions and determine whether the proposed measure has enough verified signatures for the
From FreightWaves A jury verdict in a Texas court last week against an oil service company may have set the record for the largest civil penalty ever handed down in an accident involving a truck. The $101 million verdict exceeds by about $10 million a penalty assessed against Werner Enterprises earlier this year. At the time of the Werner decision, that was
Senate Takes Up NOPEC: a bill to amend the Sherman Act to make oil-producing and exporting cartels illegal may have positive reception from Pres. Trump; previous attempts to pass the bill died under veto threat by Bush, Obama Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) has introduced a bipartisan NOPEC bill in the Senate. The Senate bill comes on the
Of the 7 million acres of non-federal land in Colorado’s top oil and gas producing counties, proposed initiative #97 would exclude 6.5 million acres from drilling and development An estimated 54% of Colorado’s total land surface would be unavailable for new oil and gas development by adopting the buffer zone setbacks and federal land exemption proposed by initiative #97, according
Seadrill Partners LLC said the English High Court has ruled in favor of its subsidiary Seadrill Ghana Operations Limited relating to the early termination of the West Leo contract by Tullow Ghana Limited. Seadrill Ghana was seeking to recover standby and force majeure rates and early termination fees of $278 million plus interest and legal expenses, Seadrill said in a
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
