Piceance/Uinta Tight Gas
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.
Piceance/Uinta Map
Piceance/Uinta News
Financial discipline and efficiencies set WPX Energy apart from its peers
May 1, 2013
AN INTERVIEW WITH RALPH A. HILL, PRESIDENT AND CEO OF WPX ENERGY |
Deal pace picking up as companies shuffle portfolios in pursuit of growth
Apr 1, 2013
PLS reports that, from February 17th to March 16th, global upstream deal activity totaled $13.1 billion bringing the first quarter 2013 tally (through March 16th) up to $20.2 billion. |
Upstream News
Feb 1, 2013
|
WPX Energy makes natural gas discovery in Niobrara formation
Jan 23, 2013
Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado has the potential more than double the company’s current 18 trillion cubic feet equivalent of 3P reserves. |
As company looks to improve liquids weighting, Bill Barrett CEO steps down
Jan 8, 2013
After the markets closed Monday, Bill Barrett chairman and CEO Fred Barrett stepped down from his positions with the North American oil and natural gas exploration and production company. |
Antero to sell Piceance Basin assets to redeploy capital to Marcellus, Utica projects
Nov 5, 2012
Denver, CO-based Antero Resources has entered into an agreement to sell all of its natural gas and pipeline assets in the Piceance Basin to a private company for $325 million in cash plus the assumption of all of Antero’s Rocky Mountain firm transportation obligations. |
Bill Barrett to sell $335M in natural gas assets
Nov 1, 2012
Bill Barrett Corp.has signed a purchase and sale agreement with an affiliate of Vanguard Natural Resources LLC for the sale of certain of the company's non-core natural gas assets including all Wind River Basin natural gas producing properties, the Powder River Basin coal bed methane (CBM) assets and a working interest in its Gibson Gulch-Piceance Basin development property. |
Vision Oil Tools expands oilfield services in Bakken, Piceance, DJ Bain with acquisition
Sep 21, 2012
Vision Oil Tools LLC, an OFS Energy Fund portfolio company that provides oilfield rental tool and fishing services to oil and gas operations, has agreed to acquire Piceance Fishing & Rental Inc., a Western Colorado-based provider of oilfield tools and fishing services for drilling, completion and well control applications. |
Summit Midstream to acquire midstream assets in Piceance, Uinta Basins
Sep 14, 2012
Dallas, TX-based Summit Midstream Partners LLC has entered into an agreement with La Grange Acquisition LP, a wholly owned subsidiary of Energy Transfer Partners LP, to acquire ETC Canyon Pipeline LLC for $207 million. |
Niobrara has huge oil potential
Aug 1, 2012
The Niobrara geologic formation is an oil play in northeastern Colorado and parts of adjacent Wyoming, Nebraska, and Kansas. |
Wapiti Energy to acquire Uinta Basin natural gas reserves from Gasco Energy
Feb 28, 2012
Wapiti Energy LLC has formed Wapiti Oil & Gas II LLC and has entered into an agreement with a subsidiary of Gasco Energy Inc. to acquire natural gas reserves in the Rocky Mountain region. |
Antero Resources enters new $1B revolving credit facility
Nov 4, 2010
Antero Resources has entered into a new $1 billion revolving credit facility with a 13-bank syndicate led by JP Morgan Securities LLC and Wells Fargo Securities LLC as Joint Lead Arrangers and Joint Lead Bookrunners. |
Gasco Energy makes officer, director changes
Sep 22, 2010
Gasco Energy director Charles B. Crowell has been named chairman of the board, replacing Mark A. Bruner. Bruner will remain as a director. Crowell plans to retire as CEO effective January 1, 2011, but he will continue to serve as chairman of the board. |
ONEOK Partners sells partial interest in Overland Pass Pipeline to Williams Partners
Sep 9, 2010
Master limited partnership ONEOK Partners LP has completed a transaction to sell 49% of its ownership of Overland Pass Pipeline Co. LLC to Williams Partners LP for $424 million at closing. |
PDC Energy finds new home in Rockies, repositions itself
Sep 1, 2010
AN INTERVIEW WITH RICHARD W. MCCULLOUGH,CHAIRMAN AND CEO, PDC ENERGY
|
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.
The total value of US oil and gas mergers and acquisitions increased significantly in 2011 due to continued investment in US shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry, according to an analysis of energy M&A data by PwC US. A major trend in the energy sector driving the increase in deal value throughout the year was a shift towards more investments in oil and liquid plays as natural gas prices remained depressed amid hitting a 10-year low in 2011.
Read more here.
Can the shale gas r
evolution currently taking place in the US be repeated elsewhere? Although significant volumes of unconventional gas deposits are present in Poland, France, Germany, Hungary, Sweden, Turkey, and the UK, shale gas developments are running many years behind their counterparts in the US. Skeptics have pointed out that differences in geology, taxes, public acceptance, environmental regulations and other factors in Europe vs. the US make for a tougher environment in which to develop unconventional resources.
Read the article by Bart J. A. Willigers of Palantir Solutions Ltd. here.
OGFJ Webcasts
