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.
Recommended Reading
EQT CEO: Biden's LNG Pause Mirrors Midstream ‘Playbook’ of Delay, Doubt
2024-02-06 - At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting.
Venture Global Acquires Nine LNG-powered Vessels
2024-03-18 - Venture Global plans to deliver the vessels, which are currently under construction in South Korea, starting later this year.
FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico
2024-02-16 - ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
Apollo Buys Out New Fortress Energy’s 20% Stake in LNG Firm Energos
2024-02-15 - New Fortress Energy will sell its 20% stake in Energos Infrastructure, created by the company and Apollo, but maintain charters with LNG vessels.