Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Bill Barrett streamlines Colorado shale acreage
by Daniel J. Graeber
Washington (UPI) Nov 21, 2017


Shale player Bill Barrett Corp. said it was shedding acreage in the Uinta basin in Colorado, which one analyst said may be on par with a big Texas oil producer.

Bill Barrett said it was selling off its acreage in the Uinta shale in Colorado to an undisclosed buyer for about $110 million. The company said the acreage in question produced on average 2,300 barrels of oil equivalent per day in the third quarter, with about 90 percent of that coming as oil. The total reserve estimate for the company's acreage was 12 million barrels of oil equivalent.

President and CEO Scot Woodall said the sale puts his company squarely in the Denver-Julesburg basin in Colorado, streamlining operations behind just one shale area in the state.

"We have a top-tier oil position in the DJ basin," he said in a statement.

In announcing third quarter earnings, Bill Barrett raised its 2017 production guidance to between 6.9 million and 7.1 million barrels of oil equivalent.

Colorado is rich in shale oil reserves, supplying about 3 percent of total U.S. crude oil production in large part from its Niobrara and DJ basins. As a whole, Colorado produces around 374,000 barrels of oil per day.

Sandy Fielden, the director of oil and products research for Morningstar, said in an emailed research note that production from the Uinta shale increased 20 percent from July 2016 to August 2017, though output is limited by transportation constraints.

The pace of production growth, however, puts it just behind the Permian shale in Texas, one of the most productive in the country.

Demand for Uinta crude is somewhat limited to regional refineries, which means those companies still producing from there are "blessed with high prices," Fielden said.

OIL AND GAS
Keystone XL clears Nebraska hurdle
Washington (UPI) Nov 20, 2017
A decision spanning two U.S. presidential terms came to a head Monday when regulators in Nebraska cleared a remaining hurdle for the Keystone XL oil pipeline. Referencing long-standing concerns about the Sandhills region in Nebraska, some of which were the source of legal battles, regulators on the state Public Service Commission sided against the preferred route for Keystone XL and ins ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Coffee set to power London buses in green initiative

Sandia speeds transformation of biofuel waste into wealth

Desert solar to fuel centuries of air travel

To find new biofuel enzymes, it can take a microbial village

OIL AND GAS
Glass microparticles enhance solar cells efficiency

Expanding wavelength range for solar energy conversion

Recurrent Energy secures debt financing for 20 MW California solar project

Learning from photosynthesis

OIL AND GAS
End tax credits for wind energy, Tennessee Republican says

New York sets high bar for wind energy

Construction to begin on $160 million Industry Leading Hybrid Renewable Energy Project

A kite that might fly

OIL AND GAS
Embattled Toshiba to boost capital by $5.3 bn share issuance

A fast reactor system to shorten the lifetime of long-lived fission products

France backtracks on nuclear power reduction target

AREVA NP introduces FORERUNNER robot to optimize steam generator inspections

OIL AND GAS
Study settles prehistoric climate puzzle

UN climate envoys agree on way forward, despite Trump

Keeping it real: UN climate talks struggle to stay relevant

Artificially cooling planet 'risky strategy,' new research shows

OIL AND GAS
Driverless, electric future just round the corner for urban cars

Hydrogen cars for the masses one step closer to reality

Free wheelin' in New York: the Big Apple bike boom

Volvo to supply Uber with self-driving cars

OIL AND GAS
Tribal justice awaits returning Iraqis who joined IS

Iraq forces launch assault on last IS-held pocket

IS recaptures last Syrian urban bastion in fierce fightback

Millions mark key Shiite commemoration in Iraq holy city

OIL AND GAS
North Korean soldier stable, but riddled with parasites

Singapore suspends trade ties with North Korea

Trump defends Asia trip, vows 'maximum pressure' on N.Korea

N. Korea defector in serious condition from gunshot wounds




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement