Boulder County, Colorado, on June 28 halted accepting new oil and gas drilling and seismic testing permits for nine months, the latest community in the state to enact measures aimed at curbing oil and gas production.
Colorado is the fifth largest oil producing state, according to the U.S. Energy Information Administration (EIA). This year Colorado lawmakers passed Senate Bill 19-181, tightening regulations on the state's oil and gas industry.
Boulder County produced only about 86,000 barrels of oil last year, according to the Colorado Oil and Gas Conservation Commission (COGCC). By comparison, Weld County, a major drilling area north of Denver, produced 157 million barrels of oil last year.
Closely-held oil producer Crestone Peak Resources LLC has pending drilling permits for Boulder County with the Colorado, according to COGCC. The company could not immediately be reached to comment.
Pin Oak Energy closed a transaction with a Shell affiliate to acquire roughly 43,000 acres prospective for Utica Shale development in northwestern Pennsylvania.
In September, Spectra Energy and Phillips 66 executed an agreement to strengthen Denver-based DCP Midstream LLC through an injection of assets and equity.
Dominion will get about 27,500 miles of gas distribution pipelines, 3,400 miles of gas transmission pipeline and 56 billion cubic feet of working gas storage.