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The Piceance and Uinta basins are in northeastern Utah and northwestern Colorado. Both the Piceance and Uinta are tight gas resources plays. The primary target of gas development has been the Williams Fork formation, of Cretaceous age, in the Mesaverde group. The Williams Fork is a several-thousand-foot thick section of shale, sandstone, and coal deposited in a coastal plain environment. The formation has long been known to contain natural gas. However, the sandstone reservoirs have low permeability and limited areal extent, which made gas wells uneconomic in the past.
Key players in the Piceance and Uinta resource plays include Chevron, Encana, ExxonMobil, Noble Energy, Bill Barrett Corp., Antero Resources, Delta Petroleum, Laramie Energy, and Harvest Natural Resources – to name just a few.
OGFJ100P company update
Jul 1, 2009
IHS Herold Inc., the independent research firm, has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. The rankings provided are based on operated production only within the US. In this installment, the data provided is year-to-date 2008 production data.
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Occidental acquires certain PXP assets for $1.25B
Apr 14, 2009
Occidental Petroleum Corp. has signed a definitive purchase and sale agreement with Plains Exploration & Production Co. to purchase all of PXP's interests in the Permian Basin of West Texas and New Mexico and Piceance Basin of Colorado for $1.25 billion. |
Occidental adds West Texas, Piceance acreage, set to develop Abu Dhabi oil, gas fields
Nov 1, 2008
Occidental Petroleum Corp. has signed a number of deals recently.
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Occidental acquires certain PXP assets for $1.25B
Oct 1, 2008
Occidental Petroleum Corp. has signed a definitive purchase and sale agreement with Plains Exploration & Production Co. to purchase all of PXP's interests in the Permian Basin of West Texas and New Mexico and Piceance Basin of Colorado for $1.25 billion. Current production (net to Occidental) from the properties is roughly 4,300 barrels of liquids and 52 MMcfd; for a total of 13,000 boe/d. |
Patriot purchases acreage in Big Horn basin from Anadarko; enters agreement with Bill Barrett
Nov 1, 2006
Patriot Exploration Co. Inc. has purchased 18,000 acres from Anadarko Petroleum Corp. in the central Big Horn basin in Wyoming.
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The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. 
In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.
Read the full speech by Peter Voser here.