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Author Archives: Zach Koppang

Heavy air pollution found over Colorado oil fields

The Associated Press DENVER — Scientists have found that oil and gas fields along Colorado’s Front Range mountains have been emitting three times more methane and nearly eight times more cancer-causing benzene than previously thought. A study by the National Oceanic and Atmospheric Administration and partly supported by the Environmental Defense Fund is based on data gathered in 2012 from ...

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Oil declines after China trade data

The Associated Press The price of oil declined Thursday after China’s monthly trade data showed subdued imports by the world’s largest crude consumer. Benchmark U.S. crude for June delivery was down 39 cents at $100.38 a barrel at 0920 GMT in electronic trading on the New York Mercantile Exchange. The contract rose $1.27 to close at $100.77 on Wednesday. Brent ...

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Chesapeake Energy plans to begin exploring natural-gas-only areas in eastern Ohio

By Bob Downing | The Akron Beacon Journal, Ohio Chesapeake Energy Corp. will soon begin exploring its natural-gas-only areas in eastern Ohio. The company is “excited about some of the tests that we’ve seen” on the dry-gas areas, spokesman Chris Doyle said Wednesday in a teleconference/earnings call with analysts on first quarter 2014 results. “So we’re out there,” he said. ...

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General Electric sells Wayne fuel dispensing unit

(Reuters) – General Electric Co has agreed to sell its Wayne fuel dispenser business to private investment firm Riverstone Holdings LLC, the U.S. conglomerate said on Wednesday. Financial terms were not released. Reuters reported last week that a deal for Wayne would likely value the unit at between $500 million and $600 million, according to sources. Austin, Texas-based Wayne was ...

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Chesapeake first-quarter profit surges on pricing

May 7 (Reuters) – Chesapeake Energy Corp, the second largest U.S. producer of natural gas, reported a sharply higher quarterly profit on Wednesday that topped expectations, helped by a 53 percent increase in gas prices. Profit in the first quarter was $374 million, or 54 cents per share, compared with $15 million, or 2 cents, in the year-ago period. Adjusting ...

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Greeley residents decry council resolution opposing state initiatives to regulate oil, gas industry

By Analisa Romano | The Greeley Tribune, Colorado Much to the chagrin of Weld Air and Water, a group that has opposed some drilling within city limits, the Greeley City Council on Tuesday unanimously passed a resolution opposing a stack of statewide initiatives that seek to further regulate the oil and gas industry. The 19 proposed ballot questions, most of ...

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Oil rises on industry data showing stockpile fall

Associated Press The price of oil rose Wednesday after industry data showed a decline in U.S. supplies. Benchmark U.S. crude for June delivery was up 59 cents at $100.09 a barrel at 0605 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 2 cents to close Tuesday at $99.50. Brent crude, a benchmark for international varieties ...

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Drake Power Plant fire will be costly

The Gazette Colorado Springs, Colo. – Firefighters were expected to remain on scene at the Martin Drake Power Plant well into Tuesday to investigate the cause of a four-alarm fire that ripped through the coal-fired plant Monday morning. Beyond damage to the plant’s infrastructure, which is thought to be substantial, finding alternative energy sources for Drake, which generates about one-third ...

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