By Kevin Crowley and Meenal Vamburkar, Bloomberg It’s not exactly the Pike’s Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado as a way to expand beyond the shale plays of Texas and New Mexico. During the three-year crude-market collapse, as prices fell below $27 a barrel, the Denver-Julesburg Basin northeast of Denver was largely abandoned as explorers tightened down drilling budgets.
Drillers Flock To Colorado As Sleepiest Shale Corner Awakens
Bloomberg, Denver Post: Business
Sun, 12/17/2017 - 11:54pm
Topics: kevin crowley meenal vamburkar it s pike s peak texas denver-julesburg opec-led with chris stevens new york-based keybanc capital markets permian related articlesdecember crestone paris trump national western gary-williams energy anti-fracking boulder they re north american u.s energy information administration bill barrett corp fifth creek energy co sandridge energy inc bonanza creek energy inc src energy inc noble energy inc pdc energy inc bayswater exploration production llc extraction oil gas inc noble energy encap investments saddle butte rockies midstream dcp midstream phillips enbridge colorado s carl icahn bonanza creek sandridge s bloomberg s david wethe javier blas bloomberg mexico basin colorado stevens new december fracking dj u.s recent dj dec nov bonanza creek drillers shale million drilling prices deals year plans buy region oil-rich acquisitions activity roughly barrel board merge explorers billion pipeline crude barrels day deal access rights interest data
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