A contoversial tax proposal aimed at stifling local opposition to oil and gas drilling is nearing a decision in the Colorado House. The measure would take severance tax payments from local governments that take steps to slow or prevent oil and gas drilling. The bill comes after state energy regulators clashed with county and municipal [...] [...]
The U.S. natural gas market is bursting at the seams. So much natural gas is being produced that soon there may be nowhere left to put the country’s swelling surplus. After years of explosive growth, natural gas producers are retrenching. The underground salt caverns, depleted oil fields and aquifers that store natural gas are rapidly [...] [...]
A judge is set to hear oral arguments in May in a lawsuit challenging the federal government’s auctioning of leases for natural gas development on public land on the Roan Plateau. Environmentalists filed the lawsuit in 2008 seeking to cancel the leases. They say that when the Bureau of Land Management developed a plan allowing [...] [...]
BP is a step closer to being allowed to drill new deepwater wells in the Gulf of Mexico. The agency that regulates offshore drilling said Friday it has approved a supplemental exploration plan submitted by BP. The British firm still must obtain permits to be able to start drilling. BP is seeking to drill up [...] [...]
There’s never been a producing oil or gas well in El Paso County, but that hasn’t stopped drilling plans for Houston-based Ultra Resources, which bought more than 18,000 acres of the failed Banning Lewis Ranch property. The region’s foray into oil and gas drilling will also be the city and county’s foray into how to [...] [...]
Colorado is poised to have its second busiest year for issuing oil and gas drilling permits despite stricter regulations that took effect last year, a state regulator said. Colorado Oil and Gas Conservation Commission Director David Neslin said the state has issued more than 3,100 permits through the first six months of the year and [...] [...]
Regulatory certainty and “a welcoming social and economic environment” will be crucial as Colorado’s oil and gas industry emerges from the recession and faces competition from big gas fields back East, said the new president of a state trade group. Tisha Conoly Schuller, named president of the Colorado Oil and Gas Association in December, is [...] [...]