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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.
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
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Wapiti pays $130M for certain unconventional resource assets from Delta Petroleum
Aug 4, 2010
Wapiti Oil & Gas LLC has purchased of $130 million in oil and gas exploration and development assets from Delta Petroleum Corp. |
Delta Petroleum to sell non-core assets for $130M
Jul 26, 2010
Delta Petroleum Corp. (Nasdaq: DPTR) has entered into a purchase and sale agreement with Wapiti Oil & Gas LLC to sell various non-core assets for $130 million. |
Delta promotes Lakey to CEO; terminates Piceance talks with Opon
Jul 9, 2010
Delta Petroleum Corp. has promoted Carl Lakey to CEO and, at the same time, terminated discussions to sell a working interest in its Vega area assets in the Piceance Basin to Opon International LLC. |
Jaggers resigns from Bill Barrett to lead recapitalized Ute Energy
Jul 1, 2010
Joe Jaggers, COO and president of Denver-based Bill Barrett Corp. (NYSE: BBG) has resigned to become the president and CEO of Ute Energy LLC, a recently recapitalized oil and gas company. |
IDT, AMSO call attention to turn-around, Piceance prospects
Jun 28, 2010
Representatives from IDT Corp. (NYSE: IDT, IDT.C) and its joint venture subsidiary, American Shale Oil LLC (AMSO), rang the opening bell at the New York Stock Exchange on Monday, June 28 to bring attention to the company’s turn-around and growth prospects in the Piceance Basin. |
Stock prices rise as Delta details sale of Piceance assets to Opon
Mar 19, 2010
Stock prices of Delta Petroleum Corp. jumped upon news of the company’s intent to sell a non-operated working interest in its Vega Area assets in the Piceance Basin to Opon International LLC for $400 million. |
Dejour secures mezzanine financing for project expansion
Feb 24, 2010
Crude oil and natural gas company Dejour Enterprises Ltd. has signed a binding commitment letter securing a $5 million line of credit from an Alberta-based mezzanine lender. |
Rise Energy to bid $18.7M on newly-bankrupt Teton Energy
Nov 9, 2009
Denver-based Teton Energy Corp. has filed for Chapter 11 bankruptcy protection and filed a proposed reorganization plan that would allow Rise Energy Partners II LLC to purchase its assets for $18.7 million. |
Dejour completes second tranche of flow through financing
Oct 22, 2009
Vancouver, Canada-based Dejour Enterprises Ltd. has closed the second tranche of its $2,000,000 non-brokered private placement. |
Williams signs $259M deal with private company for Piceance properties
Aug 10, 2009
Williams has agreed to purchase additional properties in the Piceance Valley east of the company's existing assets from a private company for roughly $258 million. |
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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