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Tag Archives: DJ Basin

Bakken Shale: Alive and well, analysts say

The Bakken and Niobrara Shale formations are alive and well, for the most part. At last week’s DUG Bakken and Niobrara conference, analysts were present to talk with industry leaders and relayed some of the annual event’s key takeaways to The Akron Beacon Journal. Market analysts Tim Rezvan and Truman Hobbs from Sterne Agee, one of the oldest and largest ...

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Frack sand terminal comes to DJ Basin

The Denver-Julesburg basin’s first frack sand terminal officially opened today, MarketWatch reports. Twin Eagle Sand Logistics, LLC, a Twin Eagle Resources Management, LLC. subsidiary, is responsible for the new terminal, which is located near Evans on the Union Pacific Railway lead track in the basin. The new terminals boasts more than 160 railcar spaces, but the Houston-based company plans to ...

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Trican lays off 137 employees

Trican

Trican Well Service recently laid off 137 employees based in Odessa, according to a notice filed with state regulators, representing another sign the strain of low prices on workers in the oil patch. The effective layoff date for the employees was March 20, according to a letter sent to the Texas Workforce Commission that was released to the Odessa American ...

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Noble announces cuts for 2015

Colorado’s oil and gas industry has seen cut after cut so far this year, and Noble Energy Inc. will follow suit, according to the Denver Business Journal. The company announced on Thursday that it plans to slash its budget by 40 percent, driving the projected spending down to $2.9 million. In the Denver-Julesburg Basin specifically, the company said will only ...

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Website to monitor water quality around drilling sites

drops

Last week marked the launch of a new website that provides real-time information about water quality around oil and gas wells in the Denver-Julesburg Basin, according to a report by the Denver Business Journal. The project is called Colorado Water Watch and was developed by Colorado State University researchers. A monitoring tool is used to collect groundwater quality data from ...

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Oil, gas industry has positive impact on Weld governments

Sharon Dunn | The Greeley Tribune A study by an energy initiative at Duke University shows that Colorado’s booming oil and gas industry has had a positive impact on public finances to date. “Our research indicates that the net impact of recent oil and gas development has generally been positive for local public finances,” states the report, conducted by Daniel ...

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Fracking requires a special type of sand

Zach Koppang | Shale Plays Media The hydraulic fracturing process utilizes a plethora of different substances to release hydrocarbons from deep below the earth’s surface, but a recent report by the Greeley Tribune asserts that the most important of these elements is sand. As the cocktail of water, chemicals and sand are injected into the ground at high pressures, sand ...

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New midstream company to provide services to small but promising producers

Zach Koppang | Shale Plays Media Executives from High Sierra Energy, which merged with NGL Energy Partners in 2012, have created a new midstream oil company called First River Energy LLC, according to a report from the Denver Business Journal. The company will place its focus on smaller, independent producers and will offer crude oil gathering and marketing services. The ...

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