RBC I There’s an adage in the oil and gas industry, one that could apply to almost any commodity, really: “The best cure for high prices is high prices, and the best cure for low prices is low prices.” That is: High prices lead to more drilling, leading to greater production and, thus, greater supply.
RBC I Rifle, Colo., a quintessential Western energy boomtown, has fallen on hard times. High natural gas prices spurred a drilling boom in the surrounding Piceance Basin in the early 2000s. Then, in 2008, prices crashed due to an oversupply of natural gas in the North American market, and Rifle slumped into a bust from […]
RBC I The Rio Blanco County Commissioners unanimously passed a resolution on Monday that temporarily suspends impact fees for all development permits issued from Monday through Feb. 8, 2016.
RBC I It was just last month that I asked, in this magazine (High Country News), whether falling oil prices would kill the shale revolution. At the time, a “low” price for oil was $80 per barrel, which was more than 30 percent lower than the summer high.
RBC I The wide-scale deployment of hydraulic fracturing, the technique of blasting water and chemicals into the ground to release trapped hydrocarbons, has, over the last decade, vaulted the U.S. into the position of leading natural gas producer in the world.
RBC I White River National Forest Supervisor Scott Fitzwilliams announced on Tuesday the release of the Final Environmental Impact Statement (FEIS) and Draft Record of Decision (ROD) for future oil and gas leasing on the Forest.
RIFLE I Secretary of the Interior Sally Jewell on Friday joined Colorado Gov. John Hickenlooper to announce a landmark agreement that will help protect the Roan Plateau near Rifle while also encouraging natural gas development.
RBC I Researchers in Colorado just came forward with a shocking claim: hydraulic fracturing, or “fracking,” the decades-old method of using a high-velocity mixture of water, sand and chemicals to blast through rock to release oil and gas deposits, causes birth defects. There’s just one hitch: it isn’t true.
RBC I Town and county officials, business owners and special district leaders have continued to meet this month to develop a comprehensive strategy in support of the coal, oil and gas industries in the region and country.
Dear Editor: For more than 60 years the oil and natural gas industries have worked closely with local community leaders to ensure fracking exists safely alongside Colorado’s communities and environment.
RBC I Colorado U.S. Sens. Michael Bennet and Mark Udall welcomed the announcement Thursday by the U.S. Office of Management and Budget (OMB) stating that the Department of the Interior would, in fiscal year 2014, restore mineral leasing revenues to Colorado communities that depend on those funds to help run local governments and schools and […]
A Loveland citizen has filed with the City Clerk’s Office a protest of petitions seeking a ballot measure setting a two-year moratorium on the practice of hydraulic fracturing, or fracking, to recover oil and gas within the city limits of Loveland.