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University of Denver rejects a bid to divest from oil and gas

solar, University of Denver student initiative

  A student-led initiative to get the University of Denver to divest from fossil fuel investments in its private endowment fund has been rejected by trustees, reports the Denver Post. Board chair Douglas Scrivener said that divesting from fossil fuels didn’t fall in line with the university’s purpose nor would it effectively help fight against global warming. The board’s answer ...

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Trump overturns Obama’s block on Dakota Access, Keystone

The Keystone Oil Pipeline is pictured under construction in North Dakota in this undated photograph released on January 18, 2012. TransCanada Corporation Handout Photo

On just his second full day in office, President Trump signed paperwork that renegotiates the terms of two pipelines. The Dakota Access Pipeline, running from North Dakota’s Bakken oilfields to Illinois, and the highly disputed Keystone XL, which would bring oil from the Canadian oil sands in Alberta to the Gulf Coast, both received Trump’s golden stamp of approval in an ...

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Texas increases lead huge rig count jump

oil rig, rig count, Baker Hughes

It’s definitely not a little hop, or even a skip. This week’s rig count jump might even be classified as a huge leap of faith as reports across the industry indicate a the oil and gas industry is on the road to recovery. This week, large acquisitions–on by Exxon Mobil and another by Noble Energy–indicate further optimism that activity will ...

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Noble Energy makes bold M&A moves

rig count

With a recent Permian Basin acquisition worth around $6 billion, Exxon Mobil isn’t the only oil and gas company making waves in the new year. Noble Energy announced Jan. 16 it plans to acquire Clayton Williams Energy for $2.7 billion in Noble Energy stock and cash. The Noble Energy press release notes the acquisition will advance the companies goals within the ...

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Hickenlooper praises Colorado clean energy production in State of the State address

Hickenlooper, state of the state, Colorado energy

Colorado Gov. John Hickenlooper’s sang the praises of energy production in his State of the State address Thursday. Hickenlooper was focused on economic growth and the ability of the state’s businesses to compete equally on the global stage, with specific mention of rural incentives and job training as imperative to keeping up with the rest of the world. However, when it ...

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Short-Term Energy Outlooks anticipates gains in oil, natural gas

Oil production in North Dakota dropped by about 30,000 barrels per day in January. (Image: Joel Tysver)

On Tuesday, the Energy Information Administration (EIA) released its Short-Term Energy Outlook, which includes its first forecasts for 2018. A more detailed look at the EIA’s crude oil forecast was released Thursday, January 12. The report slightly reduced its forecast for dry natural gas production in 2017 to 43.78 billion cubic feet per day. In 2016, drilling activity slowed due to ...

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