The Colorado oil and gas industry is on the state’s endangered list, fighting a running battle with activists intent on stopping fracking. Now the industry faces renewed legislative challenges.
From the biggest operators with multinational portfolios to basin-specific smaller producers with motivation to grow. Investor showcases the 50 most-valued U.S. independents.
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
The acquisition of Newfield and its key position in the Stack/Scoop is expected to make Encana the second largest producer of unconventional resources in North America.
In addition to the appointment of former EP Energy CEO Brent Smolik, Noble Energy said Gary Willingham, executive vice president of operations, will be leaving the company after 15 years of service.
As a result of the $75 million sale of its Utah asset, Ultra’s portfolio now consists only of its Pinedale Field position in Southwest Wyoming.
Colorado voters will decide on Nov. 6 whether to extend the state’s oil and gas setback requirement by approving Proposition 112, which an analyst described as ‘a widow-maker for the D-J Basin.’
Middle Forks, a privately-held E&P backed by Quantum Energy Partners, agreed to buy QEP’s Uinta Basin assets located in eastern Utah.