Analysts and investors exploring the myriad dynamics of the Rocky Mountain oil and gas industry have found companies there are providing favorable operational results, but the region’s political climate might be affecting their valuations.

Speaking at Hart Energy’s DUG Rockies conference and exhibition on May 15, Michael Kelly, head of E&P research at Seaport Global Securities, explained how the Denver-Julesburg (D-J) Basin features among the lowest finding and development costs of any major U.S. shale basin.

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