Wattenberg Field – Page 4

Oil & Gas 360 - Haynes & Boone Borrowing Base Redeterminations Survey

Bonanza Creek: From IPO to Strategic Alternative Process in 55 Months

July 15, 2016

Shares of Bonanza Creek fall 37% on news of hiring a financial advisor Shares of Bonanza Creek (ticker: BCEI) took a nosedive Wednesday, falling 38%, with investors reacting negatively to an 8-K filing released during trading hours that the company was hiring Perella Weinberg Partners to “advise and assist in analyzing and evaluating financial and transactional alternatives, including restructuring options.”

Colorado: Weld County Just Created its Own Oil & Gas Department Oil & Gas 360

Colo. Initiative #78: Better than a 50/50 Shot of Reaching the Ballot

June 3, 2016

Oil & Gas killing amendment could very well be in the hands of voters in November: Wells Fargo On a conference call hosted by Wells Fargo today regarding the possible battle over the future of fracing in Colorado, the crystal ball looks murky, but it’s pretty clear that the oil and gas industry may have a fight on its hands.

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

May 6, 2016

The Colorado Supreme Court ruling against cities issuing frac bans must have caused sweet dreams for E&P operators all over the Wattenberg field in northern Colorado, where two municipalities had attempted to stop hydraulic fracturing. Before the ink could dry at the courthouse, new deals were announced. Synergy Resources (ticker: SYRG) announced a deal with Noble Energy (ticker: NBL) this week in which Synergy will acquire

Synergy Resources Prices a $180 Million Equity Raise

April 11, 2016

Synergy equity deal expected to raise $150 million in initial offering with $30 million greenshoe offering Denver-based Synergy Resources (ticker: SYRG) announced a public offering of 19.5 million shares of its common stock for total proceeds of approximately $150 million, according to a company statement. Synergy will also allow a follow-on offering of 2.93 million shares, which would bring total

Synergy Resources CEO Lynn Peterson: an Exclusive Interview with Oil & Gas 360®

February 24, 2016

A new chief executive lands in the Wattenberg: the former Kodiak CEO talks about a new company culture, acquisition strategy and his go-forward road map for the ‘core Wattenberg’ Life before Synergy Lynn Peterson was an independent oilman from 1986 to 2001. Then, as co-founder, director, president, CEO (2002-2014), and chairman (2011-2014) of Kodiak Oil & Gas, Peterson grew Kodiak into

PDC Energy Builds on Reserve Base in Year-End Update

January 21, 2016

Estimates Reserve Replacement of 247% Operational execution was the primary takeaway from PDC Energy’s (ticker: PDCE) Q3’15 results, and the progressing development of the company’s Wattenberg assets carried over into its 2015 year-end reserves update. The news release, issued on January 20, 2016, reported proved reserves of 272.8 MMBOE and total 2015 production of 15.4 MMBOE, representing year-over-year increases of

Colorado Oil Patch: Trouble is Brewing

December 23, 2015

New Anti-Energy Development Initiatives Registered with Secretary of State Eleven initiatives aimed at Colorado’s oil and gas development were issued on December 22, 2015, marking the start of a new chapter in the Centennial state’s ongoing tug of war between the energy industry and neighboring communities. Eight of the proposed initiatives targeted setbacks for operations, but two of the measures are

Energy Market Upside: PDC Energy Shows Off Versatility in the Wattenberg Field

December 10, 2015

The oil and gas market is approaching the end of 2015—which will no doubt go down as a highly tumultuous year for the industry. In spite of the dive in oil prices, some companies have positioned themselves well for capturing the upside through advantageous acquisitions, reliable takeaway capacity, attractive hedges and low-cost production. Or a combination of factors. Today’s focus

Noble Postpones IPO of Midstream MLP

November 20, 2015

Noble Energy sites weak markets Houston-based Noble Energy (ticker: NBL) announced today that it will postpone an IPO of its wholly owned subsidiary Noble Midstream Partners, which the company planned to list on the New York Stock Exchange with the ticker NBLX. According to Noble, the company made the decision “as a result of unfavorable equity market conditions.” Noble said

PDC Energy Gallops Wattenberg Program to 84% YoY Overall Production Increase

November 6, 2015

Drilling Program Shifting to Plug-n-Perf Completions PDC Energy (ticker: PDCE) may be, generally speaking, in the early stages of its development of the Wattenberg Field. However, its rapid growth while maintaining a sturdy balance sheet can be matched by few in the industry. Only two companies in the coverage universe of Capital One Securities are in position for 35% growth

Synergy Resources Adds to DJ Basin Acreage in $78 Million Transaction

September 16, 2015

Synergy Resources (ticker: SYRG) is approaching the ownership of 100,000 net acres in the greater Wattenberg area, aided by the purchase of 4,300 net acres on September 15, 2015. The Platteville, Colorado exploration and production company secured the acreage in a deal with privately held K.P. Kauffman Company, Inc., for $78 million, consisting of 4.4 million SYRG shares and $35

anadarko-600w Chevron, Anadarko Megadeal Portends Billions in Asset Divestment - Oil & Gas 360

Anadarko Continues Drilling in the Wattenberg

September 11, 2015

Anadarko announces 50 new wells within Fort Lupton city limits Colorado’s Wattenberg Field has been a serious investment for oil and gas major Anadarko (ticker: APC), with the company more than doubling year-over-year production from its horizontal drilling program in 2013 and 2014, according to APC. Anadarko holds approximately 350,000 net acres in the Wattenberg and estimates it hold 1-1.5

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